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On August 23, Asseco Group published its financial results for the first half of 2017. Its revenues increased by 10% on annual basis to PLN 4.1 billion. The company continued a development strategy based on the sales of proprietary IT solutions - in the reporting period, its value reached PLN 3.4 billion, which accounted for 81% of the Group's total revenues. In the first half of the year, the results were above all boosted by Asseco Group's operations in foreign markets. Their share in total revenues has been gradually increasing - currently, it amounts to 83%. Asseco Group's revenues are diversified not only between geographical regions but also between sectors. The general business sector accounts for 41% of total revenues, the banking and finance sector - for 39%, and the public administration sector - for 20%. In the first half of the year, Asseco continued the cooperation with key clients and actively worked on new projects. In August 2017, the order backlog amounted to PLN 7.4 billion and was by 7% higher than in the corresponding period in the previous year.

We operate in over 50 countries and we observe high demand for IT products and services. We use this situation to further develop Asseco Group and to build value for its shareholders. In the first half of 2017, we achieved very good results and we are pleased with the Group's record revenue growth. In particular, we are happy with the growing and significant impact of our foreign companies, including Asseco SouthEastern Europe and Asseco Central Europe, among others. We have been dynamically developing the ERP segment and we have signed international contracts in various sectors. We have been exporting our Polish banking systems to Austria, the Czech Republic, Georgia, Nigeria, and one of Western European countries. Recently, we have started the implementation of a new project in the banking sector in Vietnam, said Adam Góral, President of the Management Board of Asseco Poland. In August, we partly booked profits from our investment and sold a 20% stake in Formula Systems. In total, thanks to the transaction and previous dividends, we have received over PLN 450 million, which is a higher amount that our initial investment in the company. We remain the largest shareholder of Formula Systems and we hold a stake of more than 26% of shares worth about PLN 500 million. Thanks to the transaction, we have acquired funds for further investments, he added.

In the first six months of 2017, Israeli companies maintained high growth of revenues (22%), which exceeded PLN 2.5 billion. It is worth noting that Sapiens strengthened its presence in the US market through the acquisition of insurer StoneRiver. In Central Europe, sales increased by 13%, thanks to dynamic growth in the ERP segment, among others. In the South East European market, revenues increased by 9%, and were boosted by higher revenues in the banking sector. The revenues in the Western European market went up by 2% on annual basis thanks to focus on selling proprietary solutions in Spain, Western Europe, and the African markets, where Portuguese company Exictos operates. In Poland, revenues dropped by 14%, mainly due to continued stagnation in the public tender sector. However, it is worth noting that Asseco Business Solutions, which specializes in the ERP solutions, improved its results in the reporting period.

GeoMedical is a new medical complex in Katowice, which will consist of a multi-profile specialist hospital, a diagnostic and therapeutic center and a hotel with a conference and training center. Under the project, Asseco will install and implement the AMMS integrated IT system, which will cover multi-profile units, medical offices, operating blocks, hospital pharmacies and a full administration system, including accounting, staffing and payroll departments. AMMS will be integrated into a laboratory system (LIS) and a radiological diagnostic system. The implementation is due to end on October 30th 2017. It is worth pointing out that this is Asseco's another project for a large private medical facility.

The ability to deliver commercial software services was an important factor which encouraged GeoMedical to choose Asseco Medical Management Solutions. AMMS offers variety of features that facilitate patient care and the settlement of chargeable health benefits. Such solutions are available in both inpatient and outpatient care systems, said Jarosław Kończyło, Deputy Sales Director at Asseco Poland's Health Care Division.

AMMS is a comprehensive IT solution dedicated to large and mid-sized hospitals, clinics, medical centers and outpatient clinics. It covers facilities' medical (HIS) and administrative (ERP) departments. It incorporates several solutions dedicated to a patient identification process, ie referral registration based on two-dimensional bar codes and storage of a registered person's identity data. It also allows for printing and reading referrals in encoded form. Passing these types of documents between different units in electronic form shortens the time of patients' registration and eliminates errors resulting from incorrect handwriting readings.

An important criterion for choosing AMMS was the ability to install the system in the Data Processing Center. This is important because GeoMedical is one of the first examples in the healthcare sector, where a management has decided to use an external IT infrastructure. The client will use tools provided under the Iaas (Infrastructure as a Service) model by the Data Center owned by Asseco Data Systems. This eliminates the need to purchase servers because thanks to cloud computing, used server resources can be flexibly scaled, based on the number of opened units in the hospital.

In the case of projects implemented for medical institutions, one of the most important issues is to ensure a high level of security of sensitive data stored. Asseco Data Systems' Data Center, thanks to the highest standard of services and experience in processing large amounts of sensitive data in complex projects, has the competence to meet these requirements, said Marcin Lebiecki, Director of the Asseco Data Systems' Data Center.

The hospital is still in the process of finishing works and the installation of medical equipment. Already at the beginning of September, a complex of specialist clinics and a diagnostic imaging department will be opened, while in October a multi-profile treatment department will provide services to first patients.

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Asseco Poland is the largest Polish IT company listed on the Warsaw Stock Exchange (WSE). It has been developing technologically advanced software for companies and institutions from key sectors of the economy for 25 years. It is currently the largest IT company in Central Europe and the sixth-largest software manufacturer in Europe. It is the leader in the IT solutions for healthcare sector and the producer of proprietary IT solutions, which are used by over 450 hospitals in Poland, the units of the National Health Fund (NFZ), Blood Donor Centers, spas and more than 14,000 clinics and doctors' offices.

For those responsible for IT development in the world's largest financial companies, Finovate is one of the most important conferences globally. A unique, 7-minute form of demo presentations provides a quick overview of the latest, often pre-released solutions for the financial sector.

The Finovate conference is a great opportunity to present proprietary solutions, establish business contacts and increase brand awareness among international clients. Therefore, we are delighted that the Finovate jury has qualified our demo presentation about the Asseco ABP platform to the conference program, said Marcin Kwilosz, Product Manager at the Commercial Banking Division in Asseco Poland.

Asseco Advisory Banking Platform (Asseco ABP) is a universal IT system targeted at bank employees, both those who work remotely as well as those who work in branches and contact centers. The solution exploits the potential of modern technologies such as beacons, biometrics and mobile devices to improve the quality of customer service. Asseco ABP is an important element of the digitization of branches, which saves the time of clients and bank advisors, thus enhancing the efficiency and attractiveness of bank branches.More information about Asseco ABP at: abp.asseco.com

Under the agreement, Asseco will provide Sberbank Europe AG in Austria with an Asseco Treasury system, carrying out treasury transactions in the interbank market. One of the major goals of the project is to achieve a high grade of automation of the operations with Asseco Treasury Back Office system. The integration with the Murex front-end system will also allow comprehensive transaction processing to their final settlement. The deadline for completing the implementation phase is scheduled for end of October 2017.

Asseco consultants demonstrate a deep knowledge of treasury products and processes. Based on the expertise and the target-oriented approach, Asseco is our partner of choice and we look forward achieving the defined project goals together - says Zoltan Jenei, Head of Group IT at Sberbank Europe.

The Asseco Group provides software and services to banks in more than 30 countries. We have competence centers in Poland, Slovakia, Russia, as well as in the Balkans and Israel . The agreement with Sberbank Europe Group AG in Austria, a major player in the European financial market, strengthens the international position of our Group. It is also a good example of the fact that Polish IT products are appreciated and meet the high demands of the banks operating across Europe - said Vice President of the Management Board of Asseco Poland Zbigniew Pomianek.

Sberbank Europe is present in nine markets in Central and Eastern Europe: Austria, Bosnia and Herzegovina (Sarajevo and Banja Luka), Croatia, Czech Republic, Germany, Hungary, Slovenia, Serbia and Ukraine. Sberbank Europe operates 228 branches and has over 4,300 employees across the region. Sberbank Europe is a 100% subsidiary of Sberbank of Russia – Russia’s largest bank and a leading global financial institution. Sberbank Group has 140 million individual customers and 1.5 million corporate clients in more than 20 countries.Asseco Poland is the largest Polish IT company listed on the WSE and the sixth-largest software manufacturer in Europe. It leads the international Asseco Group, which operates in 54 countries and employs over 22,000 people. Software development for banks is one of the key business areas of Asseco Poland, which offers solutions that follow the latest trends in the global banking industry. Thanks to its experience and expertise, Asseco has implemented its IT solutions (core banking engine) in more than 800 banks.

We pay taxes in Poland and we support domestic companies. When conducting foreign expansion, we are the ambassador of our country. We participate in initiatives aimed at integrating the Poles living abroad. We educate and hire Polish programmers. We support Polish sport, and as part of our charity "We Help", Asseco's employees assist the most needy.

Success is not a result of luck. The prosperity and future of states is determined by a strong and stable economy, so patriotism must be expressed through the support of a local economy. This requires daily, concrete action and thinking in terms of common interest. Therefore, for me, "economic patriotism" is nothing more than "economic wisdom", said Adam Góral, President of the Management Board of Asseco Poland.

For more information on how we understand economic wisdom and how we translate it into concrete actions, please see "Asseco For Poland" website at: dlapolski.asseco.com#AssecoDlaPolski#ITMadeInPoland

The main goal of the implementation of the Asseco Medical Management Solutions (AMMS) system is to digitize MEDI-system's facilities in order to streamline their services offered under a contract with the National Health Fund (NFZ). AMMS will help with reducing paper documentation workflow, improving the quality of patient care, and streamlining the work of medical staff in each facility. The implementation of AMMS will support the medical and administrative operations of MEDI-system's facilities. The solution will be integrated with the existing systems: LIS, ERP and HR. In addition, Asseco will be responsible for conducting e-learning courses for the system's users and covering the application software with a warranty supervision for a period of 60 months. The installation of the system will take place in MEDI-system's Data Center in Paris.

In Poland, Asseco is the leader among healthcare software providers, but our ambition is to enter foreign markets as well. Therefore, the project for such a significant customer as French ORPEA Group will be an important reference for us. I hope that our cooperation will translate into the improvement of MEDI-system facilities' operations and will increase the comfort of  patients and the work of staff, said Krzysztof Groyecki, Vice President of the Management Board of Asseco Poland.

AMMS is a comprehensive IT solution dedicated to large and mid-sized hospitals, clinics, medical centers, outpatient clinics and outpatient departments. The system supports medical (HIS) and administrative (ERP) operations of the facilities. It offers a number of functionalities which improve patient identification, ie the registration of medical referrals based on two-dimensional bar codes or reading personal data from identity documents. It also enables printing and reading referrals in encrypted form. Passing these types of documents between different units electronically shortens the registration and patient admission process. In addition, it eliminates errors resulting from incorrect reading of handwritten documents.***MEDI-system is a company that manages the largest network of care, rehabilitation and treatment centers in Poland. It offers its services in seven modern centers which can accommodate the needs of 500 patients. Their health and security is taken care by a 500-person team of qualified rehabilitators, nurses, physicians, psychologists, therapists, support staff and administrators. From January 2016, MEDI-system has been a part of the international ORPEA group, which has a network of over 700 facilities in 10 countries in Europe.

Asseco Poland is the largest Polish IT company listed on the Warsaw Stock Exchange. For 25 years, it has been developing technologically advanced software for companies and institutions from key sectors of the economy. It is currently the largest IT company in Central Europe and the sixth-largest software manufacturer in Europe. It is the leader in the market of IT solutions for health care, and a producer of proprietary IT solutions, which are used by more than 450 hospitals in Poland, the National Health Fund's (NFZ) units, the Blood Donation Centers, spas and over 14,000 clinics and other medical facilities.