European Expansion: op5 Establishes Partnership with Leading Hungarian IT Company

[Stockholm, Sweden, August 27, 2007.] op5 has established a partnership with the leading Hungarian IT company Albacomp for retailing of op5’s products in Hungary. Albacomp has already sold one installation to op5’s first customer in Hungary, a company in the financial sector. op5 supplies open source based software for control and monitoring of IT systems and networks.

Sweden-based IT company op5 is growing rapidly and has a clear strategy to establish a presence - either via subsidiaries or retail partnerships - in several countries outside Scandinavia. op5 has now established a partnership with the leading Hungarian IT company Albacomp, according to which Albacomp will sell and install all op5’s products in Hungary.

There has already been one installation in Hungary at a company in the financial sector - op5’s first Hungarian customer. There are several outstanding quotations in the Hungarian market and additional Hungarian customers are expected to follow shortly.

Albacomp Zrt is a leading player in the IT market in Hungary. The company, located at Székesfehérvár, 60 km west of Budapest, employs 440 people with annual revenues of HUF 14.8 billion. Apart from operating Hungary's largest PC and notebook assembly plant, Albacomp is well known for its major network and system integration projects. Albacomp has played a significant role as an integrated IT solutions provider to local governments that are in the process of setting up their local e-government services.

”We are happy to announce a promising partnership which will make our products more accessible in Hungary. Software based on open source is a world-wide phenomenon and is continously gaining ground from existing solutions like Tivoli, HP OpenView and BMC. The benefits are well-known: superior quality software, flexible solutions and very low costs”, said Johan Berg, CEO, op5. 

About op5:

op5 is a Sweden-based company that supplies software for control of IT systems. The main products are op5 Monitor, op5 Statistics and op5 LogServer. The products are based on open source that op5 adds to and develops further, sells as complete systems, and supports.

Target groups are companies and other organizations, including governments, parastatals and municipalities, with larger data networks and needs for operations monitoring. op5 has approximately 200 clients, e.g. Aftonbladet, Volvo, Intrum Justitia, SwedBank, Bonnier, Max Matthiessen, SMHI, Claes Ohlsson, Tullverket and other parastatals, and several county councils, municipalities and municipal companies.

op5 was founded in 2003. The company has 25 employees at its offices in Stockholm and Gothenburg. op5 is owned by the founders and the employees, and investors KTH Chalmers Capital and Pod Venture Partners. 

For additional information contact:

See www.op5.com