PosAm receives title of National champion in European Business Awards 2016/17

The European Business Awards are awarded to companies that attain exceptional financial results, dynamic growth, excel in their strategy toward innovation and set the way forward in their sector. This is the tenth time the prize has been awarded, with over 33,000 companies from 34 European countries competing for a　nomination this year.

The title of national champion is awarded to companies based on evaluation of seven criteria. An expert panel assessed each company on, for example, its innovations, ethical profile, quality of relations with business partners and long-term strategy, while accounting for company flexibility and reliability upon rapidly changing market conditions.

In the next phase the judging panel will decide on the holders of the title  Ruban D’Honneur, which means ten finalists for each category. Among them will be determine the winners in the next stage of the competition. In parallel with the decision of the judging panel will proceed to the public voting for the titles National Public Champion and European Champion Public.

PosAm attracted attention with its story and uncompromising results.

A key part of PosAm’s victory in its category can be attributed to the company’s history, which has seen it develop useful technologies for over 25 years. In that time it has transformed from a small green field company into a respected corporation. It now enjoys 5th place among system integrators in Slovakia when comparing gross margin (source: Trend TOPin Information technologies, May 2016). In 2014, the company generated record revenue (more than EUR　47 million) – a year-on-year growth of 30%. In 2015, PosAm produced a record gross margin in excess of EUR 19 million (source: Annual Report). In addition to excellent financial results, the company boosted its position in key segments and competences.

The most significant projects of PosAm in the assessed period include the Data Centre of Towns and Villages (DCOM), which the company as the consortium leader handed over for use at the end of 2015. DCOM gives regional and local government (currently 1 511 municipalities) a comprehensive package of IT services. With establishment of the DCOM project, PosAm became the only company on the Slovak market with two references to large cloud solutions. Its second project was the public cloud for the largest telecommunications operator in Slovakia – Slovak Telekom.

PosAm also greatly advanced its position in the provision of IT outsourcing. By taking over administration of End User Services in Slovakia’s third largest bank, PosAm became the third largest IT outsourcing provider in the country in 2015. The quality of PosAm’s IT services is proven also by the award Supplier of the year 2015, which it received from Tatra banka.

The stability and competency of the company is attested to also by this year’s 20th anniversary of the development and operation of the Budget Information System. The system is used by the Ministry of Finance SR for running the state budget. Since its establishment, the BIS has helped transform public finances of the whole country. It now provides full support to budgetary processes for almost 5 000 entities on all levels of public administration. The BIS is a unique solution in the CEE region, to say the least.

PosAm’s inclusion to the shortlist can be partially put down to the company’s activity in the field of employee support, customer care and activities aimed at corporate social responsibility.

About the　European Business Award

The European Business Award is an independent programme aimed at supporting and developing the European business community. It is the largest and most significant multi-segment pan-European competition that tries to identify and promote excellence. The main principles when awarding companies are innovation, success and compliance with ethical principles.