ARMADA is developing successfully. The company has reached strong results in 2010. In April 2011 ARMADA held the Secondary Public Offering in order to raise funds for new acquisitions; ARMADA also has completed its first M&A in May, when PMT Company, a leader in software development for healthcare in Russia, has joined the group. The development strategy of ARMADA combining organic growth and acquisitions will continue in 2011.
In terms of informatization Russia is far behind the developed countries; according to international ratings it is located in the seventh or eighth ten. Computers are not fully used, especially in public institutions. Lack of information systems affects directly the quality of social services and public services for citizens and businesses, as well as other aspects of social development.
As our main task we consider analysis of demand for applied IT solutions, development, introduction and establishment of support environment, as well as creation of conditions for training and employment of young talented professionals. This is our contribution to the growth of Russia’s intellectual potential. We want provide opportunity for young talented professionals to show their worth and to feel an output of their work.
The Russian IT market changes, it becomes more mature; the share of software development and IT services grows while the share of hardware reselling decreases. ARMADA succeeded in establishing itself as a leader in the perspective segments of software development and IT services. The Company is among TOP 5 leading software developers and came in TOP 10 of the largest IT products developers, according to the results of 2010. ARMADA takes part in most of major government IT initiatives by means of software development and provision of IT services for such important projects as Portal of Public Services, e-Government, Universal Electronic Card, communal services reform, healthcare modernization, transition of government institutions to the use of open-source software, etc.
In 2007, the year of IPO, ARMADA occupied only 0.5% of IT market. Currently its share amounts to 1%; in the future we want to reach 3-5%, generally due to development of software and IT services segments. Such high growth rates can be achieved only through combination of organic growth and acquisitions. In 2011 our efforts will be directed to providing organic growth of the company’s revenue by 25-30%, as well as at planned acquisition of several companies in the segments of software development and IT services.
The first of planned acquisitions has already been made - in May 2011.
Best regards, Alexey Kuzovkin,
Chairman of the Board of Directors of ARMADA
June 8, 2011 |
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In 2011 ARMADA plans organic growth of 25-30% and M&A transactions. First of the acquisitions has been made in May 2011. |