News
This statement will be published on the corporate site in the following days.
Thanks to several important new contracts and the development of previous activities of Q2 and Q1, Pentalog will reach an organic growth superior or equal to 38% in Q3. All of Pentalog's quarterly results have been systematically displaying a sales figure increase since 2002. This is, therefore, the 35th consecutive quarterly increase registered by Pentalog, which has thus become the leading IT nearshoring force of the European Union. The predicted annual sales figure is thus revised upwards, between 16 and 17 million euros. Profitability is also on the rise.
Several new production activities for new clients have been launched. Among them we find Sierra Wireless, Ubisoft Romania, a grow-up and a start-up, both from France, and, finally, a German industrial leader.
Pentalog Labbs has now become operational. This R&D unit has started delivering proofs of concept to its clients and is also used as an incubator for Pentalog's investment projects. New concepts on innovative business approaches have already been put forth on the market. Several commercial developments could be announced during the months and years to come. Pentalog Labbs is the first Franco-Romanian private incubation structure. Based in both countries, the Labbs is under Frédéric Lasnier's direct responsibility, the Group's CEO, helped by two assistant directors, and is in search of fertile mergers between emerging countries and Western economies. If the experience works, it could be extended to Vietnam.
In total, the group has created 120 jobs since the beginning of the year and could create another 30 to 80 jobs by the end of 2010.