Resco expanding rapidly again, this time in Hamburg

Resco expanding rapidly again, this time in Hamburg Resco's international expansion is advancing briskly. Started in early 2000, operations in Germany have shown strong growth from the outset. Twenty people have been recruited for the office in Hamburg and the consultant staff will number 30-40 by October. Resco's Hamburg office has developed rapidly in the short time the company has been in operation in that city. The recruiting campaign was successful and the company expects 30 to 40 new consultants to begin working in the office by autumn. A team is already hard at work laying the foundation. "It isn't difficult to grow by means of scattering shares like seeds in the wind," remarks Torstein Johansen, Managing Director of Resco AB. "We are proud that we are entering new markets on the strength of our business model and not by acquiring German companies, thus diluting our share capital and emptying our coffers. Some 30 people have already joined us because we have a strong vision. That is highly meaningful." "Germany is a key market," says Kjell Jacobsson, Chairman of Resco and Managing Director of Resco Germany. He continues: "The choice of Hamburg as our first location in Germany is logical, since it is considered the 'Digital City' in Germany and the centre of the New Economy." Resco's German management team includes several highly experienced individuals, who will begin working at the company this autumn. "We have chosen to recruit all staff locally," comments Kjell Jacobsson. "That made it possible for us to once again establish ourselves rapidly on a new market. We expect to have a staff of 100 in Germany by 2001." This approach served Resco well in Göteborg and Västerås in Sweden. The same expansion model has now proven successful internationally as well. Local recruiting provides immediate access to a broad network and knowledge concerning local customers. This puts the company in a strong position immediately when combined with Resco's unique competence mix and close co- operation with SAP. Several of Resco's international customers, including Checkpoint Meto and Wella, have operations in Germany. The range of competency at Resco in Germany will mirror that of Resco in Sweden and Finland. The new Resco consultants possess the knowledge and expertise necessary to create and develop strategic Internet solutions for all components of the customer's business process. For more information, please contact: Kjell Jacobsson, Chairman, Resco AB +46 708-90 30 50 Torstein Johansen, Managing Director, Resco AB +46 8-519 030 00 Resco RESCO is a consulting firm based on the association of the strongest individuals in several industries - specialists who allow us to offer a greater whole than others can - from the Internet to the physical world. With our 550 specialists in the fields of market communication, business systems, design, Internet strategy, web technology and architecture, we are taking a unique position in the corporate renewal market. Our offer reaches from communication that cements relationships and into the technology that makes business exchange possible. We see it as our mandate to constantly challenge our customers and ourselves to see new opportunities in the economy of a new era. RESCO was founded in 1982. We are listed on the Stockholm Stock Exchange and have offices in Sweden, Finland and Germany. The Internet market in Germany and Hamburg Hamburg is one of the leading capitals of commerce in Germany today. The city has a reputation for being a centre of the New Economy and is known as Germany's "Digital City". Home to at least 150 companies with 100 employees or more, the number of companies located in the city increased by 40 percent between 1995 and 1998. According to GfK Online Monitor, 15.9 million Germans have access to the Internet and 21 percent of all households are wired. Of those, 20 percent have shopped online at least once in the past year. The Internet market in German is growing rapidly. In 1999, turnover in the B2B e-business market was 33 million euros, complemented by 3 million euros in the B2C market. Turnover has been forecast at 1,000 million euros for B2B and 232 million euros for B2C in 2004. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/06/28/20000818BIT00730/bit0001.doc http://www.bit.se/bitonline/2000/06/28/20000818BIT00730/bit0002.pdf