SysOpen Digia aims for EUR 200 million in 2010 — MobileMonday Global: Industry News

^{Five-year plan} SysOpen Digia aims for EUR 200 million in 2010

20 Nov 2005 at 08:42 GMT Timo Poropudas

SysOpen Digia, Helsinki-based IT-integrator and mobile R&D house, has published its five-year plan as a part of the strategy planning it started in conjunction with the merger of SysOpen, Digia and Yomi Software in the spring of 2005. The company’s has set a revenue target of EUR 200 - 210 million in 2010.

SysOpen Digia’s 2004 pro forma turnover was EUR 64 million, EBITA EUR 5.8 million. The company employs more than 800 professionals.

Pekka Sivonen, the chairman of the company and the also the largest shareholder, commented the plan at the company Capital Market Day last week:

“We have carried out a large planning project. First one has to aim a cannon, and we have done that. The rest is shooting.”

SysOpen Digia’s long-term goal is to achieve average annual growth in net sales of 25 percent. Part of the growth will be carried out organically, but the plan is to achieve over half of the absolute growth target through an active corporate acquisition strategy.

The company aims to maintain its profitability at an average EBIT of 10-12 percent. The profitability target is lower than the 15 percent communicated earlier. Jari Mielonen, CEI, explained that the level has been set at a realistic level considering the fast growth that will be achieved in large part through corporate restructurings, or other major investments aimed at achieving a significant increase in business operations.

According the SysOpen Digia’s strategy plan, the company can handle the development and maintenance of the strategic and operational systems of its customers, the contract engineering of software-intensive products, and the integration of wireless solutions as a seamless part of these systems and products.

SysOpen Digia’s strategic customer segments include operators, handset manufacturers and enterprises alongside with public administration and associations. As a comprehensive systems integrator SysOpen Digia can provide its customers with exceptionally wide area of expertise in smartphones, telecommunication and software architecture combined with strong industrial know-how and experience in the building of operational data systems in all main customer segments.

SysOpen Digia is also the largest provider of Symbian OS training in the world. According to Mielonen the training expertise guarantees the availability of skilled Symbian experts while the demand for these skill is increasing. He expects that a demand Linux programmers and designers will increase in near future.