RE-FOCUSING SYSOPEN - A NEW PLAN FOR 2005-2007
SysOpen Plc STOCK EXCHANGE RELEASE 23.10 2004 at 10.15 a.m.
RE-FOCUSING SYSOPEN - A NEW PLAN FOR 2005-2007 SysOpen Plc's Board of Directors has revised the company's mission, vision, service concept, goals and strategy. MISSION 'Integrating information, people and processes' In the future, information technology will be ubiquitous. Providing services in this environment requires seamless and effective integration between information systems, processes and players in such a way that each and every can see the impacts of one's own and others' decisions. SysOpen provides services and solutions for flexible process distribution and the development of real-time operations in a manner that will streamline organisational performance. VISION 'We are the most valued solutions provider in our line of business' SysOpen continues to stay on the cutting edge as a provider of information- technology services and solutions. Our vision as the most valued solutions provider comes true when - Customers and partners perceive SysOpen as a professional, high- quality and efficient player within the information technology services industry - Our employees perceive SysOpen as a go-ahead, dynamic and attractive employer in terms of professional skills - Shareholders perceive SysOpen as an attractive, reliable and profitable investment. SERVICES AND PRODUCTS Our services are divided into the following business areas: 1. Enterprise Application Solutions 2. Solutions based on software products 3. ICT consulting for business management Our main business area, Enterprise Application Solutions, consists of comprehensive information system integration services throughout the system solution's life cycle. We also develop strategic partnerships with our customers by providing outsourcing and partnership services. For enterprise application solutions, we make use of our in-house and third-party service providers' application frameworks, products and components. We implement our services on all major system development platforms. Within software product solutions, we develop and sell our own software, product frames and industry-specific off-the-shelf software packages, and provide the related services as part of our solutions. Within ICT consulting for business management, we support our customers in the analysis of the business opportunities and risks presented by new technologies, the development of their ICT strategy and the management of information-system projects. GOALS Our goals are to: - Increase significantly our Finnish market share in enterprise application solutions in selected industries and customer segments. Our aim is to be the primary service provider for an increasing number of customers in selected lines of services. - Upgrade our service range duplicability in software solutions and increase the volume and profitability of Software Solutions with a view to leading the domestic market in selected vertical segments - Emerge as one of the most recognised players in ICT consulting in Finland Our goal is to achieve above-the-industry-average growth of 15-20 per cent a year, thus providing potential for higher share value. Our long- term profitability (EBITA) goal is 15 per cent . We aim to number among the most profitable companies in the industry and distribute half of our annual profit in dividends. STRATEGY SysOpen's core strengths lie in long-standing customer relationships based on mutual trust, our skilled and motivated personnel, services and software solutions that meet our customers' needs, as well as efficient and high-quality processes. SysOpen focuses on business lines in which the Group's profitability and growth are expected to markedly exceed the industry average. In addition to organic growth, business expansion will be based on focused company acquisitions supporting our businesses and active involvement in the industry's restructuring activities. Focus on internationalisation is increasingly based on strong networking. Our key customers represent the following sectors: finance, public-sector organisations, associations and other non-profit organisations, trade, transport and logistics, services, telecommunications and manufacturing industry. We will continue to strengthen our core business - integration, architecture and software development services for enterprise application solutions - with growth areas including particularly portal solutions, our in-house and third-party products and software components, support and maintenance services and tools and methods for streamlining project implementation and boosting productivity. We will strengthen our current J2EE expertise and also invest heavily in quickly expanding new technologies and architectures (especially .NET, Symbian OS and Service Oriented Architecture). SysOpen will diversify its business within mobile terminal software and invest in the development of wireless solutions. SysOpen Plc Board of Directors For further information please contact: - Arto Sahla, Managing Director tel. +358 (0)400 442 986, e-mail: arto.sahla@sysopen.fi - Pekka Kähkipuro, Director of Business Development tel. +358 (0)40 759 0982, e-mail: pekka.kahkipuro@sysopen.fi www.sysopen.fi Distribution: Helsinki Stock Exchange Major media