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Frédéric Lasnier President & Chief Executive Officer

PentaBlog

Alina RafoiPosted on Mon, 30 Jan 2012 13:58
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News

Pentalog reporting an 18% increase in organic growth in Q4, slightly higher than in Q3 More...

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Web Content ImageEmbedded World 2011: Pentalog displays its outsourcing competences More...

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News

3rd September 2007 Contact: Alexandra Mondanel

The European IT services company reports +90% quaterly growth

 

Pentalog now has 6 offices with 165 employees in 3 countries (France, Romania, Moldova) since the creation of its third Romanian subsidiary in Iasi, in August. The quarterly growth reached a new record level: +90%(compared to Q3 2006), after a +76% performance registered for Q2 2007.

The Pentalog group ha already achieved its 2007 objectives regarding staff increase. The Orleans office recruited 12 collaborators since the beginning of the year (+50%) while 53 persons joined the offshore team in Romania and Moldova (+70%).

Pentalog's growth rate is 10 times higher than the European average in the IT business sector. Pentalog makes good use of its web-based sales strategy. After the sucess of www.pentalog.com and www.pentalog.biz in selling IT services online, the recent lauch of Pentalog's blogs are now also boosting the company's growth. During the past two months, thousands of IT consultants and developers visited the jobblogs http://jobs.pentalog.fr and http://jobs.pentalog.ro and 30 of them have been recruited.

In addition, the "Pentablog" dedicated to reflections about the IT offsore/neashore world brought two new customers in the past three months and helped developing international relationships. This confirms Pentalog's position as an international web 2.0 showcase and further innovations will soon be launched. Last but not least, international business is developing as well, thanks to new export customers based in Germany, Belgium and Romania.

From a financial point of view, the 2007 growth rate represents additional € 100 000 working capital requirement and will result in an amazing € 1.7 mn increase in sales over 12 months, with an expected profitability of 25%.

 

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