Press Office

In June 2011, Asseco Poland received from Polska Telefonia Cyfrowa (PTC) a contract to design and implement a mass communication tool for mobile and electronic channels. The solution is intended for business and institutional customers of PTC.The new information system dedicated to PTC is being created in the Java Enterprise Edition technology and fully integrates with the operator's key service platforms and IT systems. Asseco Poland is responsible for the technical design of this solution and user interface, as well as for development, implementation and maintenance of the system.Asseco Poland has cooperated with PTC, T-Mobile's phone network operator, on the basis of a framework agreement concluded in 2003. One area of cooperation involves the implementation of information technology systems to support sales and provision of value-added services for the business market.

Sapiens International Corporation, an Israeli company of the Asseco Group, has signed an agreement to merge with two providers of software solutions for the insurance industry: IDIT I.D.I. Technologies and FIS Software. The merged company will become one of the major players in the global insurance software industry. The combined businesses are expected to reach USD 100 million in revenues in 2012, doubling the present value of sales generated by Sapiens. Following this announcement, Sapiens shares listed on TASE (Tel Aviv Stock Exchange) surged 6 percentage points.As consideration for the existing shareholders of IDIT and FIS Software, Sapiens International will issue a total of 17.5 million ordinary shares and warrants to purchase 1 million ordinary shares. In addition, Sapiens is going to pay USD 6.75 million in cash. Pursuant to the conditions precedent defined in the shares purchase agreement, the parties may refrain from completing the transaction if the price of Sapiens shares falls below a certain agreed level. The transaction is anticipated to be completed within 45 days."The Sapiens' merger with IDIT and FIS companies is a milestone in creating the world's major provider of IT solutions for the insurance industry. I am confident that this transaction will bring measurable business benefits for the entire Asseco Group and will further reinforce our position in the sector", said Adam Góral, President and CEO of Asseco Poland.The combined customer base will comprise more than 70 insurance customers worldwide, including Fortune 500 companies. The merged companies are recognized among the market's leading providers of comprehensive software solutions, including core systems, for the insurance sector.FIS Software Ltd. offers a comprehensive enterprise level solution for Life, Pension and Annuity providers. The company has a global client base across the UK, Europe, Asia Pacific and North America.IDIT I.D.I. Technologies Ltd. offers a full suite of a single end-to-end component-based integrated solution for organizations specialized in the Property and Casualty insurances. The company focuses on the markets of Europe, UK, Australia and Asia Pacific.Sapiens International Corporation N.V. is a global provider of software solutions for the insurance industry. The company operates through its subsidiaries in North America, the United Kingdom, EMEA (Europe, Middle East, Africa) and Asia Pacific. Sapiens' innovative solutions are widely recognized for their ability to cost-effectively align IT with business demands. Their flexibility helps modernize business processes and enables insurance organizations to adapt quickly to market change.

The agreement with the National Health Fund regards IT system service. The contract worth 21.3 million PLN net will last one year within a consortium of Asseco Poland S.A. and Kamsoft company.For the Health Care Systems Center, Asseco Poland S.A. implements the project worth 2.3 million PLN. It includes the provision of software, licenses and system infrastructure necessary for the emergence of Electronic Collection Platform, Analysis and Distribution of Digital Content on Medical Events. Asseco will also provide technical support services for the supplied software.What is more, Asseco Poland S.A. won the tender for the computerization of the hospital in Krynica. This project, worth 2.55 million PLN net is co-financed from EU funds. Also, Asseco Poland undertook the development of hospital medical system in Bochnia, which will cost 0.9 million PLN net. Additionally, the company signed a contract worth 1.63 million PLN net with Centrum Zdrowia Dziecka (Children's Memorial Health Institute). It concerns the provision of software service provision that the hospital uses.Thus, Asseco Poland S.A. strengthens the role of leader in market of IT solutions for healthcare. Among company clients are over 460 major hospitals in Poland and the majority of polish Blood Donation and Treatment Centres. It provides them with solutions to support operation of both patients as well as billing systems for the management of contracts and institutions. The cooperation with units of the National Health Fund is conducted both within the field of IT infrastructure as software. For settlement of their services with the NHF, all spa treatment sector facilities use web application, supplied and implemented by Asseco Poland S.A.

Joining the global quality accreditation program is tantamount to having access to advanced patterns as well as processes, which of use contributes to reducing the project risk. Active quality management translates into increased clients' satisfaction, helping to successfully lead the implementation and avoid escalation.-Asseco Competence Centre within SAP technology is equal to over 80 professionals with years of experience. We have completed dozens of major projects for the largest Polish enterprises from various industries. Participation in the SAP Partner AQM Quality program is our great opportunity to develop our own quality procedures related to sale and completion of implementation projects as well as provision of services concerning solutions maintenance - said Jacek Michałowski, Director of SAPvTechnology Department, Asseco Poland S.A.Active participation in program will enable Asseco Poland S.A. to obtain formal accreditation by the end of 2011. Such award will enhance the company effectiveness in acquiring new customers.

The Asseco Group earned almost PLN 100 million in net profit for the first quarter of 2011. Sales revenues reached PLN 1.2 billion having jumped over 73% in comparison to 2010. Operating profit improved almost 46% year on year and amounted to PLN 221 million. The Group reported a net profit of PLN 97 million, reflecting a 2% growth from the year-ago earnings of PLN 95 million. Furthermore, in the first quarter, Asseco was awarded many prestigious contracts.The Asseco Group consistently pursues its strategy to boost financial results by promoting sales of its proprietary IT solutions. In the first quarter of 2011, sales of proprietary software and services reached PLN 840 million surging 80% from PLN 466 million reported a year ago, and they accounted for 70% of the total turnover. As compared with 2010, the sectoral structure of sales saw some changes. The Group's key revenue drivers are industrial enterprises (42%), followed by banking and finance (32%), and public administration (26%).During the past quarter, Asseco Poland signed many prestigious contracts, among others, with Idea Bank, Xelion Financial Advisors, Polish Telecom, PGE Dystrybucja, and PSE Operator. The Group's backlog of orders looks quite optimistic in comparison with the actual results for 2010. Our orders backlog for 2011 already covers 117% of total revenues generated in 2010, yet in the case of proprietary software the backlog is even higher and corresponds to 141% of the last year's sales of proprietary solutions.The first quarter financial results achieved by the Group's subsidiaries are also very favourable. Formula Systems, Asseco's largest foreign subsidiary, increased its sales revenues by 19% as compared with the first quarter of 2010 (USD 156 million vs. USD 131 million), while its operating profit improved 11% (USD 12 million vs. USD 11 million). Detailed financial results of our companies are presented in the Asseco Group consolidated financial statements for the 1st quarter of 2011, available at www.inwestor.asseco.pl.

The implementation of one of the largest investment projects in Cracow, the Sports and Entertainment Hall in Czyżyny, is set to begin in May this year. The roof and façade of the hall will serve as huge multimedia displays. Asseco Poland's specialists are to equip this building with electrical and telecommunication systems. The contract value will reach PLN 49 million (net of VAT).The consortium comprising the companies Mostostal Warszawa SA (leader), Acciona Infraestructuras SA, Mostostal Puławy SA and Asseco Poland SA signed with the City Development Agency, acting as the project investor, an agreement for the construction of a sports and entertainment hall in Czyżyny, a district of Cracow situated between the city's downtown and Nowa Huta. Although the contractor was selected through a public tender already in July 2010, it took the Employer almost nine months to fulfil all the complicated procedures related to the project financing. The total investment expenditure will amount to approx. 300 million. According to the contract, the hall shall be constructed in 30 months of the agreement execution date.This modern hall featuring numerous training facilities will meet the highest standards of functionality as required by international sports federations. It will provide the venue for music concerts, shows, congresses and trade fairs, and will accommodate over 15 thousand spectators. The whole complex area will reach nearly 967 thousand square metres while the main arena surface is to exceed 4200 m2. It will be adhered by a training hall with 3650 m2 in area, seating 300 persons and ensuring infrastructure for the organization of smaller events.The urban and architectural conceptual design was chosen in an international competition that was won by Cracow's local studio Perbo Projekt and Modern Construction Systems of Poznan. The architects proposed a futuristic building with a streamlined shape. Its roof and façade will serve as huge multimedia displays to show the sporting events and advertisements. This will be the first such installation in Europe and one of the very few worldwide.- We have been waiting a long time to sign this contract and are glad it finally happened. At last we may proceed with the project implementation. This is our next prestigious contract to equip a sports arena. Please remember that last summer we successfully completed our work on the multi-purpose Sports and Entertainment Hall located at the border of Gdańsk and Sopot. Currently, we are engaged in the modernization of the historic Centennial Hall in Wrocław – says Tadeusz Kij, Director of the Building Automation and Data Center Division at Asseco Poland SA.
As part of the hall construction project in Czyżyny, the engineers of Asseco Poland SA will set up all the internal and external electrical installations, including bilateral 15kV power supply, provide and install transformers, power generators, UPS devices, and connect all the technical and technological equipment. The arena's lighting system will conform to the requirements of HD television. Asseco Poland SA will also provide complete teletechnical installations and systems, including fire alarm, voice warning and audio system, closed-circuit monitoring television, access control, burglary and robbery signalization, roof structure monitoring, data transmission, WAN and telephone switchboard, satellite television, video intercom, central clock, automatic air conditioning and ventilation. All these devices will be integrated and supervised by central Building Management Systems (BMS) and Security Management Systems (SMS).Furthermore, Asseco's specialists have been assigned a considerable task to install and launch gigantic LED Video Cube screens with a total surface of 177 m2. Four of them will be installed in the main hall, and one in the training hall.