The company increased sales revenues to 17,335,000 PLN in 2009 and despite the economic slowdown, it managed to record a growth in revenues. The company generated a 32% better EBITDA result than last year, totalling at 1,655,000 PLN. In 2009 revenues from the finance and banking market increased by 71%. This is the result of a consistent implementation of the revenue sources diversification policy. Increase in the number of financial sector clients which, apart from the telecommunications sector, is beginning to play a key role in the development of the company.

Software Mind S.A. focuses on continuous development and improvement of its telecommunications, financial and energy sector solution portfolio. Establishing an offer of own product is a strategic element in the company’s long-term strategy. In 2009, the company recorded a 23% increase in own products sales revenues. Solutions offered by the company also gained recognition of independent experts – the Software Mind Risk Management system has received a Banking Newspaper recommendation in the third edition of the "Financial Institution Hit of the Year 2010". Software Mind IPTV Solution has been awarded the title of "Innovation 2009". The company has also been noticed by the jury of the Grand Gala of Golden and Crystal World Telecommunication Antennas and received a distinction in the "Most Promising Company of the Year 2010" category.

In 2009, research and development work continued in the field of semantic technologies and IPTV technology. In 2010, efforts resulted in the commencement of two commercial projects based on IPTV technology and a three-year international project in which Software Mind S.A. will be playing the role of technological leader in the field of the Semantic Web.

"Software Mind’s good results in the difficult year 2009 confirm the high effectiveness of the company and the validity and effectiveness of the strategies implemented. The year 2010 will be the continuation of the chosen path. We will focus on providing our own business solutions in the Customer Management field highly supported by SOA and BPM technologies. We will focus on further development of the substantive competencies in telecommunications, finance, banking and energy sectors," said the Software Mind SA CEO, Janusz Homa.

About Software Mind S.A.:
Software Mind S.A. is a software house type of company, which produces and delivers software solutions for the global market. The company offers solutions for the B2B segment in the telecommunications, finance & banking and energy sectors.  Software Mind S.A. plays a significant role in the global market of semantic technologies.

The key clients of Software Mind SA include: Garlik, GTECH Corporation, Mach, PTC Sp. z oo, Polkomtel SA, BNP Fortis Bank SA, Raiffeisen Group, including: Raiffeisen Bank SA, Raiffeisen Leasing SA, Raiffeisen Insurance Agency Sp. z o.o., Aviva CU SA, Bank Zachodni WBK SA, Bank DnB NORD Polska SA, BillBird SA. The company cooperates with international partners such as: Microsoft, Oracle, IBM, HP, Kabira, Ultimus, Chordiant.

Contact for media:
Software Mind SA: Monika Błotnicka
monika.blotnicka@softwaremind.pl
tel. +48 512 120 230