S&T Syst. Integ. & Tech. Distr. AG
S&T Syst. Integ. & Tech. Distr. AG: New S&T Nearshoring Centre in Romania
Corporate news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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New S&T Nearshoring Centre in Romania
Vigorous Expansion Planned
26 June 2006. Vienna – Bucharest. S&T System Integration & Technology
Distribution AG is opening a new subsidiary in Romania. The new nearshoring
centre should reinforce S&T’s strong position in the software solutions
markets of Central and Eastern Europe.
Differing customer requirements increasingly call for individual
industry-specific software solutions. The S&T nearshoring centre in Romania
was founded in response to impulses on the IT markets in Western and
Eastern Europe, and will offer software development, project management and
consulting services.
The decision to base the new subsidiary in Romania was taken very
consciously: Highly educated software developers (SAP, Microsoft, Java,
etc.) with good language skills, competitive prices and proximity to the
customer make nearshoring more attractive for Western and East European
companies than off-shoring in Asia.
‘Why should East and West European companies go so far away for these
services when there are such excellent conditions for nearshoring in
Romania and other East European countries? The geographic proximity to the
customer and a familiar European partner are major competitive advantages,’
affirmed Christian Rosner, CEO of S&T AG.
S&T Software employs only highly qualified software specialists. Agreements
with local sub-contractors enable the team to be variably expanded
according to project requirements. By the end of the year, more than 60
people will be working for S&T Software, and the company plans to open
additional branches in Romania in 2007, leading to further significant
increases in the size of the workforce.
About S&T – www.snt.at – XETRA VIENNA: SNT
With some 2,000 employees S&T is the leading provider for IT solutions and
services for customers in Central and Eastern Europe. The company develops
and implements custom-tailored IT solutions for large and medium-sized
telecommunications companies, banks, power utilities, manufacturing
companies and public institutions. Through our subsidiaries in 19 countries
we realize cross-border IT structures, offering our clients outstanding
solutions and service competence.
For further information please contact:
Christian Rosner Margit Hermentin
Chief Executive Officer Head of Investor Relations and
T: +43 (0)1 367 80 88 Corporate Communications
Christian.Rosner@snt.at T: +43 (0)1 367 80 88-1024
M: +43 (0)664 112 36 36
Margit.Hermentin@snt.at
S&T SYSTEM INTEGRATION & TECHNOLOGY DISTRIBUTION AG
Geiselbergstrasse 17-19
1110 Vienna
Austria
(c)DGAP 26.06.2006
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Language: English
Issuer: S&T Syst. Integ. & Tech. Distr. AG
Geiselbergstraße 17-19
1110 Wien Österreich
Phone: +43 1 367 80 88
Fax: +43 1 367 80 88 1099
E-mail: margit.hermentin@snt.at
WWW: www.snt.at
ISIN: AT0000905351
WKN: 915194
Indices: ATX
Listed: Amtlicher Markt in Wiener Börse; Freiverkehr in
Berlin-Bremen, München, Stuttgart; Open Market in Frankfurt
End of News DGAP News-Service
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