Dimension expands in the Baltic region

Dimension expands in the Baltic region The IT integrator Dimension has established a subsidiary in Lithuania as the first step in its geographic expansion in the Baltic states. Dimension's aim is to gain a leading role in the growing Baltic market as an integrator focused on infrastructure for the banking and finance, TIME (Telecom, Internet, Media, Entertainment) and public sectors, among others. In the past ten years Dimension has grown by nearly 70 percent a year. One element in its strategy to ensure continued strong development is a geographic expansion in the Nordic and Baltic regions. The new Lithuanian subsidiary is being established in cooperation with Compservis UAB, Dimension's local partner for several years. "The expansion of IT infrastructure in the Baltic states is generating great demand for suppliers with proven competence in integration solutions," says Sven Uthorn, CEO of Dimension AB. "We are playing a role at the start of this growth process, and thanks to our previously established cooperations with local companies we have a good understanding of the market. This is naturally a big advantage for our long-term efforts." Dimension has had a cooperation agreement for several years with the Lithuanian system integrator CompServis. One of the country's largest IT companies, CompServis has a long history and is active primarily in high technology and fast-growing areas such as banking and finance, industry and the public sector. Among the shared clients of the two firms are VilniusBank, the electrical utility Lietuvos Energija and the Lithuanian Department of Statistics. Dimension's new subsidiary is being formed by spinning off and expanding CompServis' core operations in infrastructure solutions. The company, which is 51-percent owned by Dimension, will be called CompServis Open Systems. The vice-director will be CompServis' current vice-director, Richardas Pivoriunas, and the head office will be located in Vilnius. For further information, please contact: Sven Uthorn, CEO, Dimension AB Tel +46 8 445 24 32 Mobile +46 70 931 00 03 e-mail: sven.uthorn@dimension.se About Dimension AB Dimension, which established operations in 1988, is a Swedish IT company that designs and implements infrastructure to handle business- critical information. As an integrator, Dimension provides solutions that ensure that clients can meet the demands of the digital economy for speed, accessibility, security and scalability. This includes advanced server and data storage solutions for e-commerce systems, e-banking, Internet/intranets and business systems. Clients are primarily in telecommunications, banking & finance, media and industry. In 2000 the Dimension Group had sales of SEK 1,475 million and profit after financial items of SEK 138 million. The company has 220 employees at seven offices in Sweden and one in Norway. The head office is located in Bromma, Stockholm. The Dimension share has been listed on the OM Stockholm Exchange's O-list since February 20, 2001. Financial information schedule The interim report for January-March 2001 will be released on April 23, 2001 The interim report for January-June 2001 will be released on August 21, 2001 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/03/02/20010302BIT00130/bit0002.doc http://www.bit.se/bitonline/2001/03/02/20010302BIT00130/bit0002.pdf