Press Office

Asseco is a recognized provider of software solutions for the Polish uniformed services and continues to intensify its activities in the defense sector. The company has a proven track record of projects implemented, among others, for the Polish Ministry of National Defense, NATO, and the Frontex agency. Leveraging on its experience gained through the execution of international projects, the company takes part in tenders for modernization of the Polish Military Forces, including the command system, image analysis system, unmanned systems, as well as cybersecurity systems. In 2015, Asseco Poland has become a member of the “BMS Consortium” that is going to offer a technologically advanced Battlefield Management System (BMS).

The “Listed Company of the Year” is the oldest ranking in the Polish stock market which has been organized by the editors of Puls Biznesu and TNS Poland already for 17 years. The market-leading companies are chosen by nearly 100 randomly selected brokers, analysts and investment advisors, who represent brokerage houses, insurance companies, pension, investment and trust funds, equity departments of banks, and consulting firms.

Asseco Group once again managed to generate record-high sales revenues which exceeded PLN 7.2 billion in 2015, as well as operating profit which increased by 17% to the level of PLN 745 million. Another very successful year for Asseco Group is the effect of its profitable foreign investments, highly diversified customer portfolio, and continued development of own products and services. The Group’s results for 2015 were most favourably influenced by dynamic expansion of its business in foreign markets. Foreign operations accounted for 76% of the Group’s consolidated sales by generating nearly PLN 5.5 billion in revenues, which is PLN 932 million more than in the previous year. Furthermore, our foreign companies earned PLN 130 million more in operating profit than in 2014.
Proprietary software is the key revenue driver of Asseco. Such revenues reached PLN 5.8 billion, improving by 16% year on year and representing nearly 80% of our total sales. The Group’s operations are well diversified into geographical regions and sectors of the economy. The General Business sector contributed the most or 39% to the Group’s consolidated sales; it was followed by the Banking and Finance sector – 37%, and the Public Administration sector – 24%. During the year 2015, the Group companies signed a total of 9,000+ new contracts.
“2015 was the most prosperous year ever in the history of Asseco Group. Our sales revenues reached a record level of more than PLN 7.2 billion, reflecting an increase by PLN 1 billion in comparison with 2014,” said Adam Góral, President of the Management Board of Asseco Poland. “The growing share of foreign operations in our revenue structure confirms that, a few years ago, the Group adopted the right development strategy. We are also very interested in further expansion of Asseco in the Polish market, and therefore we will continue the process of optimizing our local organizational structure that has been initiated last year. In 2015, we signed several promising contracts in Poland and expanded cooperation with our existing customers. In the coming years, we look forward to engaging in new projects in the public sector, which is expected to receive financing for IT projects within the framework of new funds from the European Union,” he added.
Asseco Group is recognized as a major player on the international IT market. In 2015, Asseco reinforced its high 6th position among the largest European software vendors according to the prestigious Truffle 100 ranking. Moreover, the products of Asseco have been placed in reports published by the industry’s leading research firms, such as Gartner, Forrester, and CELENT.
Asseco Poland continues to build significant value for its shareholders. During the year 2015, the company’s shares appreciated by 12.6% and the Management Board recommended to pay a record-high dividend.
“Strong financial results of the Group enabled us to recommend the payment of a hefty dividend and to allocate as much as PLN 250 million for this purpose. Thanks to our continuing growth and improving financial performance, Asseco has already distributed more than PLN 1 billion in dividends to its shareholders,” commented Adam Góral, President of the Management Board of Asseco Poland.
The Management Board has recommended paying out a dividend of PLN 3.01 per share of Asseco Poland, which translates into a dividend yield of 5.3% (calculated on the share price as at the end of 2015).

Iconica’s legacy environment no longer met the organization’s needs and business goals, prompting the search for a modern core solution. Iconica’s unique business model – serving as underwriter for church lines of business and an MGA for household insurance – requires a system like the IDIT Suite, which offers a high degree of flexibility and a wide range of functionality.
“After we evaluated our options, selecting Sapiens was a fairly easy decision for us. We felt the IDIT Suite was not only a good technological and functional fit, but also promised the lowest risk and best value,” said Matt Wood, head of business operations at Iconica. “We also appreciated Sapiens’ commitment to our success – the team worked diligently with us through every phase of the evaluation and blueprint effort.”
Anticipated benefits from Iconica’s Sapiens IDIT implementation include: a modern environment with increased automation and greater effectiveness for servicing Iconica’s clients and brokers; improved time utilization for underwriting, claims and finance resources; and overall operational improvements.
Key to the selection was Iconica’s confidence in the Sapiens’ team to ensure successful deployment of the IDIT platform, maximizing the benefits a modern technology and operating environment offers now, and in the future.
“Choosing a new core insurance system is much more than a box-ticking exercise of system functionality. Having a great system is certainly a key factor, but focusing on both the partner and the implementation journey and beyond were equally important factors for us in selecting Sapiens for our future system needs,” said Matt Wood. “We wanted to work with an organization that understood our business needs, one that we could really connect with, and who had proven delivery capability.”
“This deal is the latest demonstration of our ability and flexibility to support specialist insurance providers like Iconica,” said Raj Ghuman, vice president of sales and operations for Sapiens Europe. “We continue to enjoy a good deal of traction in the UK market and we are delighted to welcome Iconica to our growing list of clients in the region and in household lines of business.”
Sapiens IDIT is designed with growth and change in mind, with extensive multi-company, multi-branding, multi-currency and multi-lingual capabilities. Sapiens IDIT management system is built on open technology and can be used on desktops, laptops, tablets and smartphones. Backed by Sapiens’ 30+ years of delivery expertise and global presence, Sapiens IDIT’s field-proven, modular components support all core operations of personal, commercial and specialty lines of business.
For the full Press release visit: http://www.sapiens.com/news-and-events/press-releases/

“The development of Polish enterprises is impossible without a strong capital market,” said Adam Góral, President of Asseco Poland, who took part in the panel discussion. “Asseco Poland could not grow if the Polish stock exchange was not at hand. Thanks to the capital raised in the stock market, my company is able to operate on a global scale. The capital market offers an opportunity to build large businesses,” he added.The Conference of the Chamber of Brokerage Houses is one of the largest and most prestigious events in the Polish securities industry with the participation of top capital market experts. This year’s conference was a special event, because it was held in celebration of the 25th anniversary of the capital market in Poland and the 20th anniversary of the Chamber of Brokerage Houses.

The task of Asseco is to ensure uninterrupted operation and provide software modifications for the Archive system, which is the largest electronic document management system operated in Poland. It enables the implementation of uniform and standardized business processes that are involved in document handling across the entire organization of KRUS, allows for central archiving of paper documents, and enforces compliance with the applicable regulations. Furthermore, it contributes to a significant reduction of document management costs, while helping to reduce the average time of case processing.The Agricultural Social Insurance Fund (KRUS) is an institution providing social security services to Polish farmers in the scope of collection of insurance contributions, awarding and payment of cash benefits, including pensions as well as accident, sickness and maternity benefits.