Pentalog achieves a substantial growth in Q2, due to the e-commerce, M2M and embedded sectors

Oct. 5, 2011 - PRLog -- Pentalog, an IT Outsourcing company, leader of the European offshore and nearshore sector, continues the trend of Q1 and has achieved a 29% growth in Q2, due especially to the extension of existing contracts. However the group has also acquired six new clients: three in France, one in Germany and two in Israel. One of them has a strategic relevance as it is a very important actor of the French e-commerce sector. Another client is a global leader in the social networking field. In Germany, Pentalog has also signed a Business Intelligence contract with the widely known Gerry Weber clothing company. Currently, the group has 16 new clients who have already started their projects since the beginning of 2011.
Concerning extensions, Pentalog continues with a second development for a branch of the Ericsson Group (former LHS). Two other clients operating in the real estate sector, have just expanded their request to Pentalog in terms of
IT Services (http://www.pentalog.com). Also, a technological branch of one of the largest energy groups in France has prolonged the contractual relationship with Pentalog, in the machine to machine sector.
For Q3, Pentalog expects another substantial growth, but most likely a bit lower, somewhere between 12 and 18%.
The French IT outsourcing company (http://www.pentalog.com/services/offshore_outsourcing.htm) forecasts to finish this semester with an organic growth of approximately 30%, considering the fast grow of the E-commerce, M2M and embedded development in the mobile telephony sectors.