Asseco Poland SA is a Polish multinational software company which develops

enterprise software Enterprise software, also known as enterprise application software (EAS), is computer software used to satisfy the needs of an organization rather than its individual users. Enterprise software is an integral part of a computer-based information ...

primarily for the

banking A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

and

finance Finance refers to monetary resources and to the study and Academic discipline, discipline of money, currency, assets and Liability (financial accounting), liabilities. As a subject of study, is a field of Business administration, Business Admin ...

industries. It was founded in 1991, and its headquarters are located in

Rzeszów Rzeszów ( , ) is the largest city in southeastern Poland. It is located on both sides of the Wisłok River in the heartland of the Sandomierz Basin. Rzeszów is the capital of the Subcarpathian Voivodeship and the county seat, seat of Rzeszów C ...

Subcarpathian Voivodeship Subcarpathian Voivodeship is a Voivodeships of Poland, voivodeship, or province, in the southeastern corner of Poland. Its administrative capital and largest city is Rzeszów. Along with the Marshal, it is governed by the Subcarpathian Regional As ...

, Poland. Asseco is one of the largest corporations in the technology sector quoted on the

Warsaw Stock Exchange The Warsaw Stock Exchange (WSE) () is a stock exchange in Warsaw, Poland. Founded in 1817, it was located in the Saxon Palace until 1877 when it was moved to the Exchange Building at the Saxon Garden. Currently, it is located at ul. Książęca ...

(WSE) and is a component of the

WIG30 The WIG30 is a capitalization-weighted index, capitalization-weighted stock market index of the thirty major Poland, Polish Blue chip (stock market), blue chip companies traded on the Warsaw Stock Exchange (WSE). The WIG30 index has been publishe ...

stock market index. It operates in 60 countries worldwide and employs over 32,400 people. As of 2023, the largest shareholder of the company is

Cyfrowy Polsat Cyfrowy Polsat S.A. (; English: ''Digital Polsat''), trading as Polsat Box is a Polish Direct to Home, DTH satellite TV platform. It is the fifth-largest digital platform in Europe and the largest in Central and Eastern Europe. Polsat Box has 3.47 ...

with 22.95% of the shares ahead of OFE Allianz Polska with 10.82% of the shares. The current corporation is the result of a 2004 merger between Asset Soft AS and COMP Rzeszów SA. The consolidated revenues of the Asseco Group in 2020 amounted to PLN 12.19 billion, and the net profit amounted to PLN 401.9 million. The operating profit amounted to over PLN 23.8 million.

History

Asseco was founded as COMP Rzeszów in 1991 by Adam Goral. It began as a

ketchup Ketchup or catsup is a table condiment with a sweet and sour flavor. "Ketchup" now typically refers to tomato ketchup, although early recipes for different varieties contained mushrooms, oysters, mussels, egg whites, grapes, or walnuts, amon ...

factory, but Goral focused on the development of the manufacturer's

information technology Information technology (IT) is a set of related fields within information and communications technology (ICT), that encompass computer systems, software, programming languages, data processing, data and information processing, and storage. Inf ...

department, which soon became the center of the business. The company became multinational with the 2004 purchase of the Slovak company Asset Soft, and the company was renamed Asseco. It continued to make acquisitions, purchasing the Polish software companies Softbank and Prokom, and ventured outside of the former

Eastern Bloc The Eastern Bloc, also known as the Communist Bloc (Combloc), the Socialist Bloc, the Workers Bloc, and the Soviet Bloc, was an unofficial coalition of communist states of Central and Eastern Europe, Asia, Africa, and Latin America that were a ...

with a 2010 purchase of the

Israel Israel, officially the State of Israel, is a country in West Asia. It Borders of Israel, shares borders with Lebanon to the north, Syria to the north-east, Jordan to the east, Egypt to the south-west, and the Mediterranean Sea to the west. Isr ...

NASDAQ The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...

-listed software company Formula Systems. It has since expanded to a presence in over 50 countries. In 2015, Asseco acquired the Portuguese company Exictos SGPS operating in Portugal as well as Portuguese-speaking countries in Africa including

Angola Angola, officially the Republic of Angola, is a country on the west-Central Africa, central coast of Southern Africa. It is the second-largest Portuguese-speaking world, Portuguese-speaking (Lusophone) country in both total area and List of c ...

Mozambique Mozambique, officially the Republic of Mozambique, is a country located in Southeast Africa bordered by the Indian Ocean to the east, Tanzania to the north, Malawi and Zambia to the northwest, Zimbabwe to the west, and Eswatini and South Afr ...

and

Cape Verde Cape Verde or Cabo Verde, officially the Republic of Cabo Verde, is an island country and archipelagic state of West Africa in the central Atlantic Ocean, consisting of ten volcanic islands with a combined land area of about . These islands ...

. In 2017, the company established Asseco International, a holding which would be responsible for the management, supervision and support of Asseco Group companies operating on the international markets. In 2018, the company entered the

Philippines The Philippines, officially the Republic of the Philippines, is an Archipelagic state, archipelagic country in Southeast Asia. Located in the western Pacific Ocean, it consists of List of islands of the Philippines, 7,641 islands, with a tot ...

market by acquiring a 60% stake in the

Kraków , officially the Royal Capital City of Kraków, is the List of cities and towns in Poland, second-largest and one of the oldest cities in Poland. Situated on the Vistula River in Lesser Poland Voivodeship, the city has a population of 804,237 ...

-based company Nextbank Software Sp. z o.o., which provides IT solutions for the banking sector in the country. In the same year, Asseco-owned Formula Systems acquired a number of companies in the United States including Adaptik, Alius Corp and PVBS. In 2019, Asseco acquired 51% of shares in the Spanish IT company Tecsisa which provides services for the

energy sector The energy industry refers to all of the industries involved in the production and sale of energy, including fuel extraction, manufacturing, refining and distribution. Modern society consumes large amounts of fuel, and the energy industry is a cr ...

as well as 69.01% of shares in ComCERT which specializes in the provision of

cybersecurity Computer security (also cybersecurity, digital security, or information technology (IT) security) is a subdiscipline within the field of information security. It consists of the protection of computer software, systems and networks from thr ...

services. In 2020, the company entered the German banking market by establishing Adesso Banking Solutions GmbH in partnership with the German Adesso company specializing in systems for insurance sector firms and bank consulting. I the same year, the company was ranked 55th in the CEE Top 500 ranking compiled by Coface, which lists the largest companies in Central and

Eastern Europe Eastern Europe is a subregion of the Europe, European continent. As a largely ambiguous term, it has a wide range of geopolitical, geographical, ethnic, cultural and socio-economic connotations. Its eastern boundary is marked by the Ural Mountain ...

. In 2021, Asseco PST, a subsidiary of Asseco, acquired a majority stake in the equity of Finantech, a Portuguese company headquartered in

Porto Porto (), also known in English language, English as Oporto, is the List of cities in Portugal, second largest city in Portugal, after Lisbon. It is the capital of the Porto District and one of the Iberian Peninsula's major urban areas. Porto c ...

specializing in software solutions for

capital markets A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers t ...

. In 2022, Asseco Data Systems, a subsidiary of Asseco, acquired a majority stake in the

-based IT compant Pirios, a leading provider of customer services automation in Poland.

Structure of the company

Asseco Poland SA is headquartered in Rzeszów and

Warsaw Warsaw, officially the Capital City of Warsaw, is the capital and List of cities and towns in Poland, largest city of Poland. The metropolis stands on the Vistula, River Vistula in east-central Poland. Its population is officially estimated at ...

with offices throughout Poland, and is present in more than 50 countries around the world, with

subsidiaries A subsidiary, subsidiary company, or daughter company is a company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unl ...

Slovakia Slovakia, officially the Slovak Republic, is a landlocked country in Central Europe. It is bordered by Poland to the north, Ukraine to the east, Hungary to the south, Austria to the west, and the Czech Republic to the northwest. Slovakia's m ...

, the

Czech Republic The Czech Republic, also known as Czechia, and historically known as Bohemia, is a landlocked country in Central Europe. The country is bordered by Austria to the south, Germany to the west, Poland to the northeast, and Slovakia to the south ...

Austria Austria, formally the Republic of Austria, is a landlocked country in Central Europe, lying in the Eastern Alps. It is a federation of nine Federal states of Austria, states, of which the capital Vienna is the List of largest cities in Aust ...

Lithuania Lithuania, officially the Republic of Lithuania, is a country in the Baltic region of Europe. It is one of three Baltic states and lies on the eastern shore of the Baltic Sea, bordered by Latvia to the north, Belarus to the east and south, P ...

Germany Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu ...

Romania Romania is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern and Southeast Europe. It borders Ukraine to the north and east, Hungary to the west, Serbia to the southwest, Bulgaria to the south, Moldova to ...

Hungary Hungary is a landlocked country in Central Europe. Spanning much of the Pannonian Basin, Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Croatia and ...

Spain Spain, or the Kingdom of Spain, is a country in Southern Europe, Southern and Western Europe with territories in North Africa. Featuring the Punta de Tarifa, southernmost point of continental Europe, it is the largest country in Southern Eur ...

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

Japan Japan is an island country in East Asia. Located in the Pacific Ocean off the northeast coast of the Asia, Asian mainland, it is bordered on the west by the Sea of Japan and extends from the Sea of Okhotsk in the north to the East China Sea ...

Turkey Turkey, officially the Republic of Türkiye, is a country mainly located in Anatolia in West Asia, with a relatively small part called East Thrace in Southeast Europe. It borders the Black Sea to the north; Georgia (country), Georgia, Armen ...

and the

Balkans The Balkans ( , ), corresponding partially with the Balkan Peninsula, is a geographical area in southeastern Europe with various geographical and historical definitions. The region takes its name from the Balkan Mountains that stretch throug ...

. The company was ranked sixth in the Truffle 100 ranking of the largest software producers in Europe. Poland: * Asseco Poland S.A. * Asseco Business Solutions S.A. * Asseco Data Systems S.A. * Novum Sp. z o.o. * Postdata S.A. * Gladstone Consulting * SKG S.A. * DahliaMatic Sp. z o.o. Israel: * Matrix * Sapiens * Magic Software Central Europe: * Asseco Central Europe a.s. * Asseco Solutions a.s. * Asseco Central Europe Magyarorszag Zrt. * Asseco Hungary Zrt. * DanubePay, a. s. * Asseco Solutions AG * InterWay, a. s. * exe, a. s. * eDocu, a. s. * Asseco BERIT South Eastern Europe: * Asseco South Eastern Europe S.A. (Asseco SEE Grupa) * Asseco SEE d.o.o., Bosnia and Herzegovina * Asseco SEE o.o.d., Bulgaria * Asseco SEE d.o.o., Croatia * Asseco SEE Sh.p.k., Kosovo * Asseco SEE d.o.o.e.l., North Macedonia * Asseco SEE d.o.o., Montenegro * Asseco SEE s.r.l., Romania * Asseco SEE d.o.o., Serbia * Asseco SEE d.o.o., Slovenia * Asseco SEE Teknoloji A.Ş., Turkey Western Europe: * Asseco Spain SA * Necomplus, S.L. * Asseco PST Northern Europe: * Asseco Denmark A/S * Peak Consulting Group * Sintagma, UAB * Asseco Lietuva, UAB * CodeConnexion

References

External links

Asseco Poland Official Website

Asseco Group Official Website
{{Authority control Software companies established in 1991 Polish companies established in 1991 Multinational companies headquartered in Poland Software companies of Poland Rzeszów Companies listed on the Warsaw Stock Exchange Polish brands Information technology companies of Poland 2004 mergers and acquisitions

History

Structure of the company

See also

References

External links