Press Office

The Asseco Group is present in over 50 countries worldwide, and the share of foreign markets in the Group's total revenues is over 80% and has been growing steadily. The establishment of Asseco International (AI) is an important step in the development of the Asseco Group's operations on international markets. After completing all the planned changes, the Group's operations will be divided into three main areas: Asseco Poland and the Polish market, Formula Systems and the Israeli market, and Asseco International and other foreign markets. AI will be headed by Jozef Klein, the President of Asseco Central Europe, who has been involved in the establishment and international development of the Group from the very beginning. The President of the Supervisory Board will be Adam Góral. 96.55% of AI's shares will be held by Asseco Poland, and 3.45% of the shares by the managers of Asseco Central Europe (ACE), who currently hold shares in ACE. The new company will be registered in Slovakia.

"In our Group, we have a proven development model of Formula Systems and we would like to repeat its success. We have established Asseco International because we have recognized that the current scale and potential of our international operations requires the creation of a dedicated team of experts, who will manage these operations on a daily basis. By establishing Asseco International, we would also like to separate our Polish operations from international business," said Adam Góral, President of the Management Board of Asseco Poland.

Following the establishment of the new organizational structure, Asseco Poland's managers will be fully focused on the domestic market, and the development of international companies will be handled by the management board of AI. The establishment of Asseco International is also a partial formalization of the operations of the existing Board of Directors of the Asseco Group, i. e. the group of presidents of the most important foreign companies in the Group. Jozef Klein, who has been the President of the Board of Directors so far, has been appointed the President of the Management Board of the new holding company and will guide further development of international operations. The Management Board of AI will also include: Przemysław Sęczkowski (the Vice President of the Management Board of Asseco Poland engaged in international operations of the Group), Marek Panek and Rafał Kozłowski. Also, the Presidents of foreign companies - Piotr Jeleński, Torben Falholt, Jose Antonio Pinilla and Daniel Araújo - will be engaged in AI's operations.

"So far, the presidents of individual companies have focused primarily on the development of their businesses. By joining our forces in Asseco International, we are able to implement a truly ambitious international project. In the future, we are also not ruling out a stock exchange debut of Asseco International on one of the Western European stock exchanges," added Adam Góral.

The registration of AI should take place within a few weeks. In subsequent stages, all shares of Asseco Poland held in Asseco Central Europe, Asseco SouthEastern Europe, Exictos, Asseco Western Europe, R-Style Softlab, Asseco Denmark, Peak Consulting, Asseco Lithuania, Asseco Georgia, Asseco Kazahstan and Asseco Software Nigeria will be transferred to AI. The whole process should be completed by the end of this year.

Nearly 250 of highly qualified CEIT specialists investigate technical and process innovations, industrial automation, structural and material engineering, and also the area of education. Research and development, which is the dominating factor of this company, is accompanied flexibly with practice. Its annual earnings amount to approx. EUR 22 mil.

“CEIT is a modern company that by its innovative approach, but mainly its solutions and products in the field of robotics and artificial intelligence, will enrich the Asseco group with new trends and competencies, which we would like to advance jointly to the international level. I believe that this great potential created by joining our companies will advance us significantly in the research and development area,” said Jozef Klein, CEO Asseco CE, on the occasion of signing the contract.

The CEIT group specializes in connecting physical industrial systems and intelligent cyber processes within the meaning of the Industry 4.0 concept earmarked as the industrial revolution number four. The objective is to ensure higher productivity and competitiveness of company’s customers through its solutions. “By entering into strategic partnership with Asseco Central Europe, CEIT has opened the space for broader application of its innovative potential on the international level, with the aim to grow faster on international markets. Joining the competencies of Asseco Central Europe and CEIT creates space for the synergy of new solutions and top innovations for the industry in the spirit of Industry 4.0,” expressed Branislav Mičieta, Chairman of the Supervisory Board of CEIT, on the occasion of signing this contract.

At present, KSI ZUS settles contributions equal to half of Poland's annual budget, and also exchanges data with a dozen or so state institutions, including the Ministry of Finance, the Ministry of Internal Affairs and Administration, the Central Statistical Office (GUS), the National Health Fund (NFZ) and the National Bank of Poland (NBP). The system serves 25 million citizens, including insured persons, beneficiaries and payers. The IT solutions used in the system are able to easily handle the collection and processing of approx. 300 terabytes of data and 250,000 operations per second. This shows the scale, complexity and importance of the system for every Polish citizen.

I am proud that it is the Asseco team that has created such a key IT system for our country as KSI ZUS. It is one of those projects in the history of computerization of Poland, which confirms that Polish IT sector is able to operate at the highest global level. This is thanks to the work of Asseco's specialists, who take care of the retirement pensions of millions of Poles and are able to adapt the system to legal changes on time. In the case of such an important system, there is no room for errors or experimentation. Asseco is best prepared to deal with KSI ZUS and we have proven many times that we are a supplier that guarantees its stability and security, said Vice President of Asseco Poland Tadeusz Dyrga.

KSI ZUS is a system that does not need to be advertised. Not only the system, but also people who created it have never failed and we should remember about it. That is why I would like to thank our employees, as well as our technological partners for their efforts and contribution, thanks to which I can collect the award on their behalf, said Vice President of ZUS Krzysztof Dyki.

It is the largest nation-wide system, a symbol of Polish computerization in the sector of public solutions and a proof of high Polish intellectual capital in the new technology sector, he added.

The Computerworld's "IT Leader" competition has been organized for 21 years and has included over 1,000 companies and institutions from various sectors of the public administration sector. The competition is open to those entities which make effective use of innovative ICT solutions in their daily operations and serve as role models for other companies. The "IT Leader" title has become a valued distinction on the market, and the conference and the gala accompanying this event every year provide an opportunity for a substantial debate on the most important issues related to computerization of Poland.

EKW is one of the key solutions in the Ministry of Justice. It supports land and mortgage registers in Poland and allows for the use of the Central Information on Land and Mortgage Registers, as well as the exchange of information in electronic form. As part of the agreement, Asseco will provide the Ministry of Justice with the maintenance services of EKW, which include the supervision of the system use, as well as servicing and technical support. The Company will also ensure the required availability of EKW's full functionality and performance. In addition, it will be responsible for bug fixes. Asseco will also run a training program for internal users and system administrators.

Asseco is the largest Polish IT company, which enjoys a well-established market position. We have the technological, competence and financial potential to effectively carry out even the largest and most important IT projects for the state institutions. Therefore, I am pleased that we will support the Ministry of Justice in further maintenance and development of the EKW system, said Przemysław Borzestowski, Vice President of the Management Board of Asseco Poland, who is responsible for the public administration segment.

By providing maintenance and development services regarding the EKW system, we will use the experience and know-how acquired in the KSI ZUS project, said Sławomir Szmytkowski, Director of the Systems Maintenance Division in Asseco Poland.

Asseco Poland is the largest Polish IT company listed on the Warsaw Stock Exchange (WSE) and the 6th largest software developer in Europe. It leads international Asseco Group which operates in 54 countries and employs over 20,000 people. Asseco is the largest producer of software for the public sector in Poland. The company has built and implemented complex systems for various clients, including the Social Insurance Institution (ZUS), the Ministry of Interior and Administration (MSWiA), the Ministry of National Education (MEN), the Supreme Audit Office (NIK), the Central Statistical Office (GUS), the Agricultural Social Insurance Fund (KRUS), the Agricultural Property Agency (ARP) and the Institute of Meteorology and Water Management (IMiGW). In addition, for years, Asseco has been a trusted partner for the energy, telecommunication, health care, uniformed services and local government sectors.

On August 23, Asseco Group published its financial results for the first half of 2017. Its revenues increased by 10% on annual basis to PLN 4.1 billion. The company continued a development strategy based on the sales of proprietary IT solutions - in the reporting period, its value reached PLN 3.4 billion, which accounted for 81% of the Group's total revenues. In the first half of the year, the results were above all boosted by Asseco Group's operations in foreign markets. Their share in total revenues has been gradually increasing - currently, it amounts to 83%. Asseco Group's revenues are diversified not only between geographical regions but also between sectors. The general business sector accounts for 41% of total revenues, the banking and finance sector - for 39%, and the public administration sector - for 20%. In the first half of the year, Asseco continued the cooperation with key clients and actively worked on new projects. In August 2017, the order backlog amounted to PLN 7.4 billion and was by 7% higher than in the corresponding period in the previous year.

We operate in over 50 countries and we observe high demand for IT products and services. We use this situation to further develop Asseco Group and to build value for its shareholders. In the first half of 2017, we achieved very good results and we are pleased with the Group's record revenue growth. In particular, we are happy with the growing and significant impact of our foreign companies, including Asseco SouthEastern Europe and Asseco Central Europe, among others. We have been dynamically developing the ERP segment and we have signed international contracts in various sectors. We have been exporting our Polish banking systems to Austria, the Czech Republic, Georgia, Nigeria, and one of Western European countries. Recently, we have started the implementation of a new project in the banking sector in Vietnam, said Adam Góral, President of the Management Board of Asseco Poland. In August, we partly booked profits from our investment and sold a 20% stake in Formula Systems. In total, thanks to the transaction and previous dividends, we have received over PLN 450 million, which is a higher amount that our initial investment in the company. We remain the largest shareholder of Formula Systems and we hold a stake of more than 26% of shares worth about PLN 500 million. Thanks to the transaction, we have acquired funds for further investments, he added.

In the first six months of 2017, Israeli companies maintained high growth of revenues (22%), which exceeded PLN 2.5 billion. It is worth noting that Sapiens strengthened its presence in the US market through the acquisition of insurer StoneRiver. In Central Europe, sales increased by 13%, thanks to dynamic growth in the ERP segment, among others. In the South East European market, revenues increased by 9%, and were boosted by higher revenues in the banking sector. The revenues in the Western European market went up by 2% on annual basis thanks to focus on selling proprietary solutions in Spain, Western Europe, and the African markets, where Portuguese company Exictos operates. In Poland, revenues dropped by 14%, mainly due to continued stagnation in the public tender sector. However, it is worth noting that Asseco Business Solutions, which specializes in the ERP solutions, improved its results in the reporting period.

GeoMedical is a new medical complex in Katowice, which will consist of a multi-profile specialist hospital, a diagnostic and therapeutic center and a hotel with a conference and training center. Under the project, Asseco will install and implement the AMMS integrated IT system, which will cover multi-profile units, medical offices, operating blocks, hospital pharmacies and a full administration system, including accounting, staffing and payroll departments. AMMS will be integrated into a laboratory system (LIS) and a radiological diagnostic system. The implementation is due to end on October 30th 2017. It is worth pointing out that this is Asseco's another project for a large private medical facility.

The ability to deliver commercial software services was an important factor which encouraged GeoMedical to choose Asseco Medical Management Solutions. AMMS offers variety of features that facilitate patient care and the settlement of chargeable health benefits. Such solutions are available in both inpatient and outpatient care systems, said Jarosław Kończyło, Deputy Sales Director at Asseco Poland's Health Care Division.

AMMS is a comprehensive IT solution dedicated to large and mid-sized hospitals, clinics, medical centers and outpatient clinics. It covers facilities' medical (HIS) and administrative (ERP) departments. It incorporates several solutions dedicated to a patient identification process, ie referral registration based on two-dimensional bar codes and storage of a registered person's identity data. It also allows for printing and reading referrals in encoded form. Passing these types of documents between different units in electronic form shortens the time of patients' registration and eliminates errors resulting from incorrect handwriting readings.

An important criterion for choosing AMMS was the ability to install the system in the Data Processing Center. This is important because GeoMedical is one of the first examples in the healthcare sector, where a management has decided to use an external IT infrastructure. The client will use tools provided under the Iaas (Infrastructure as a Service) model by the Data Center owned by Asseco Data Systems. This eliminates the need to purchase servers because thanks to cloud computing, used server resources can be flexibly scaled, based on the number of opened units in the hospital.

In the case of projects implemented for medical institutions, one of the most important issues is to ensure a high level of security of sensitive data stored. Asseco Data Systems' Data Center, thanks to the highest standard of services and experience in processing large amounts of sensitive data in complex projects, has the competence to meet these requirements, said Marcin Lebiecki, Director of the Asseco Data Systems' Data Center.

The hospital is still in the process of finishing works and the installation of medical equipment. Already at the beginning of September, a complex of specialist clinics and a diagnostic imaging department will be opened, while in October a multi-profile treatment department will provide services to first patients.

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Asseco Poland is the largest Polish IT company listed on the Warsaw Stock Exchange (WSE). It has been developing technologically advanced software for companies and institutions from key sectors of the economy for 25 years. It is currently the largest IT company in Central Europe and the sixth-largest software manufacturer in Europe. It is the leader in the IT solutions for healthcare sector and the producer of proprietary IT solutions, which are used by over 450 hospitals in Poland, the units of the National Health Fund (NFZ), Blood Donor Centers, spas and more than 14,000 clinics and doctors' offices.