SINGULARLOGIC S.A.
Announcement for business actions in accordance with the SingularLogic Group business expansion plan
In accordance to article 10 of Law 3340/2005 and to article 2 of decision 3/347/12.7.2005 of CMC, SingularLogic S.A. informs the investors for the recent business actions in respect to the general business expansion planning of the Group.
In implementation of new business plan and the enhancement of SingularLogic group common corporate identity, the corporate name of 100% subsidiary company "Computer Project S.A." was changed to "SingularLogic Business Services IT Solutions and Telecommunications Societe Anonyme" with the distinct title "SingularLogic Business Services S.A." Additionally, "SingularLogic Business Services S.A." completed a share capital increase amounting 999.486,00 Euros, fully covered by parent SingularLogic S.A, in order to support the expansion and empowerment of its business activities.
SingularLogic Business Services SA, engages in the implementation and constant support of integrated IT solutions and Telecommunications, based on the product portfolio of SingularLogic's "Software" Division, and targets small and rapidly growing companies of private market sector.
The expansion and empowerment of SingularLogic Business Services SA provides added value and support to the Distribution Network of SingularLogic "Software" division. The specific business division engages in the development and marketing of business software applications and related services, as well as the distribution and support of third-party products. The division addresses small and medium size companies and has more than 40.000 customers that are served through a robust nationwide distribution network of more than 500 partners.
SingularLogic Business Services SA, as the network facilitator safeguards the increase in the effectiveness of Partners' as well as the constant support and upgrade of their installed customer base and the fulfillment of their business objectives.
Note:This announcement is regulated information in accordance to Law 3356/2007 and published in accordance to 1/434/3.7.2007 decision of the Hellenic Capital Market Commission.
In implementation of new business plan and the enhancement of SingularLogic group common corporate identity, the corporate name of 100% subsidiary company "Computer Project S.A." was changed to "SingularLogic Business Services IT Solutions and Telecommunications Societe Anonyme" with the distinct title "SingularLogic Business Services S.A." Additionally, "SingularLogic Business Services S.A." completed a share capital increase amounting 999.486,00 Euros, fully covered by parent SingularLogic S.A, in order to support the expansion and empowerment of its business activities.
SingularLogic Business Services SA, engages in the implementation and constant support of integrated IT solutions and Telecommunications, based on the product portfolio of SingularLogic's "Software" Division, and targets small and rapidly growing companies of private market sector.
The expansion and empowerment of SingularLogic Business Services SA provides added value and support to the Distribution Network of SingularLogic "Software" division. The specific business division engages in the development and marketing of business software applications and related services, as well as the distribution and support of third-party products. The division addresses small and medium size companies and has more than 40.000 customers that are served through a robust nationwide distribution network of more than 500 partners.
SingularLogic Business Services SA, as the network facilitator safeguards the increase in the effectiveness of Partners' as well as the constant support and upgrade of their installed customer base and the fulfillment of their business objectives.
Note:This announcement is regulated information in accordance to Law 3356/2007 and published in accordance to 1/434/3.7.2007 decision of the Hellenic Capital Market Commission.