Cyber Com Boosts Its Position Within Telecoms by Acquiring Management Company StreamIT.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--Feb. 12, 2001 Cyber Com, the consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , is providing its strong telecoms operations with a further boost by acquiring StreamIT AB. With 17 employees, StreamIT AB possesses longstanding experience and exceptional skills within telecoms and IT with an emphasis on strategy and business development. "Cyber Com is a very strong telecoms player today, particularly within billing/customer support and developing our customers' telecoms products. Our priority customer segments are telecoms operators and the telecoms industry. The acquisition of StreamIT is now providing us with the skills we need within telecoms management too. This will enable us to secure more numerous, bigger deals in the future," says Bengt Levin lev·in n. Archaic Lightning. [Middle English levene, levin; see leuk- in Indo-European roots.] , business area manager for telecoms at Cyber Com. StreamIT AB was founded in 1997 and employs 17 people today, many of whom previously worked for Unisource. The company is owned by its seven founders, who all work at the company. Key accounts include Telia, Ericsson and Telenordia. In 2000, the company's net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight amounted to SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 26 million with an operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. of SEK 4.8 million. The acquisition was partly financed by a new share issue of Cyber Com shares. The purchase price is broken down into two parts - a fixed part and a supplementary purchase price. The fixed purchase price entails goodwill in the amount of SEK 24 million. "Our new colleagues from Cyber Com possess the very best expertise in their areas too. Together, we can now cover both strategy and technology," says Ingemar Akerblom, StreamIT AB's Managing Director. Cyber Com's Telecoms and Services business area currently employs some 150 consultants and focuses on developing a strong niche in the telecoms market, where broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). and mobility are integrated into corporate deals. Cyber Com is a consulting company that offers integrated turnkey See turnkey system. know-how within e-Business and Telecoms, with cutting-edge expertise within modern system development and project management. The company's turnover for the first nine months of 2000 amounted to SEK 256 million with a profit after net financial items of SEK 18 million. The company currently employs over 300 people with an average of ten years' consulting experience. The company is listed on the OM Stockholm Stock Exchange's O list and is represented today in Stockholm, Gothenburg, Malmo, Uppsala, Sundsvall and Copenhagen. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. : http://www.bit.se/bitonline/2001/02/12/20010212BIT00670/bit0001.doc http://www.bit.se/bitonline/2001/02/12/20010212BIT00670/bit0001.pdf |
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