INFO-TEC Paslaugų centras sold it‘s scanning business to Itella Information. The deal was closed on 20 April this year. 20 employees joined Itella team and will continue providing services to the most important clients.

Prime Investment, one of the leading investment banking companies in the Baltics, has issued semi annual report Baltic ICT Market News. The report highlights important corporate and M&A events of the Baltic ICT market and provides proprietary ratings of the leading Baltic IT service companies.

According to Prime Investment, IT service revenues of Prime TOP-20 companies have declined by 4,7% in the first half of 2009 as compared to the same period in 2008. Total income of the rated companies decreased by 21%.

PBO House, a company involved in business process outsourcing activities, successfully completed the first development stage and acquired BPT Paslaugos, a company providing accounting and payroll services.

According to data analysed by Prime Investment, the income of IT companies rated in Prime TOP-20 grew by 12% in 2008. This indicates a decrease of growth by one third. Some companies managed to keep their growth levels by increasing the product range or establishing themselves in new markets. Meanwhile, others did not reach the sales levels of 2007 because of IT budget cuts and termination of new projects. One third of surveyed companies (7 out of 20 in „Prime Top-20“) earned less in 2008 than in 2007.

 

Prime Investment, one of the leading investment banking companies in the Baltics, has issued semiannual report Baltic ICT* Market News. The report outlines important corporate and M&A events of Baltic ICT market and provides proprietary rankings of the leading Baltic IT service companies.

Prime Investment, one of the leading investment banking companies in the Baltics, has issued semiannual report Baltic ICT Market News. The report outlines important corporate and M&A events of Baltic ICT market and provides proprietary rankings of the leading Baltic IT service companies. Combined revenues of Prime’s Top 20 companies grew by 34.2% in 2007. IT sector growth has been more than 20% for the last 4 consecutive years. Exigen Services again secured the 1st place with IT services revenue of more than EUR 26.9m. It was followed by Lattelecom and Alna with revenue of EUR 16.8m and EUR 16.4m respectively.

 

Novaturas, the largest tour operator in the Baltic States, successfully closed the transaction valued at over 138,000,000 LTL (40,000,000 EUR). The controlling stake in the company was acquired by one of the leading and most experienced private equity firms in Central and Eastern Europe “Enterprise Investors”. This is the largest M&A transaction in Lithuanian service industry during the last 7 years (excluding retail, banking and telecommunication sectors). The buyer will finance transaction with equity and a bank loan.

Prime Investment, one of the leading investment banking companies in the Baltics, has issued semiannual report Baltic ICT Market News. The report enlightens important corporate and M&A events of Baltic ICT market and provides proprietary rankings of the leading Baltic IT service companies.

Viktorija Trimbel, Managing Director and Vytautas Gaisrys, Project Manager at Prime Investment took part in a trade mission to Belarus on 23-25 October 2007. The mission was organized by International Chamber of Commerce (ICC Lithuania), Belarusian Chamber of Commerce, Industry and Crafts, Lithuanian Ministry of Economy, Lithuanian Embassy in Belarus and Belarusian Embassy in Lithuania.