S and T System Integration and Technology Distribution AG

SS&T System Integration & Technology Distribution AG (S&T System) is principally engaged in providing a range of integrated information technology (IT) services. The company focuses on designing, developing, marketing, and implementing IT software solutions. Major sectors, for which, the company offers its solutions include financial services, manufacturing, telecommunications and trade. The company also offers comprehensive range of value added services such as customer training, consulting, warranty and post warranty services, training courses, project management, professional support and installation and maintenance services. The company operates through three business lines namely, Business solutions, Enterprise systems and Managed services. S&T System has strong geographical reach in the Eastern European and Central American countries.The company reported revenues of (Euro) EUR 519.05 million during the fiscal year ended 2008, a decrease of 1.95% from 2007. The operating profit of the company was EUR 9.11 million during the fiscal year 2008, a decrease of 30.10% from 2007. The net loss of the company was EUR 0.19 million during the fiscal year 2008, as against a net profit of EUR 3.66 million during 2007.