Affecto Oyj - Company Announcement

Affecto establishes a new subsidiary in Poland

AFFECTO PLC       PRESS RELEASE       5 SEPTEMBER 2007


Affecto establishes a new subsidiary in Poland. Expansion eased by an
order from local insurance sector. 


IT service company Affecto has established a subsidiary in Poland with a target
to serve initially the insurance and utilities sectors. In the first phase, the
company aims to grow the Polish subsidiary to about 15-20 local employees. 

Investments in Poland were eased by new sizable order received in Warsaw.
Affecto has signed an agreement with Polish insurance company "Commercial Union
Polska", which belongs to UK-based insurance companies group "Commercial Union
Group". 

According to the agreement, Affecto will implement five modules of a Danish
insurance ERP system "The Insurance Application" (TIA) as well as the add-ons
developed by Affecto itself. Implementation project should be over and the
system should be ready for deployment already in late 2007. The work with the
project has already started, and about 20 consultants from Lithuania and Latvia
are currently working in the project and constantly staying in Warsaw. 

"Our offering in Poland will include operational IT solutions as well as
Business Intelligence solutions for insurance and utilities sectors in the
beginning. Later in 2008 we will offer a wider range of IT services in Polish
market", says Kestutis Uzpalis, Affecto's director of Baltic operations. 

"The expansion to Poland in connection with existing local customers is a
logical step in our growth strategy. We have recently widened our business in
the Nordic countries and now it is time to expand our operations again in the
Eastern Europe", says Affecto's CEO Pekka Eloholma. 


For further information, please contact:

Pekka Eloholma, CEO, Affecto, tel. +358 205 777 737
Kestutis Uzpalis, Director of Baltic operations, Affecto, tel. +370 5 212 3712




Affecto builds versatile IT solutions for its customers, such as business
intelligence (BI), enterprise content management (ECM) and geographic
information systems (GIS) solutions as well as other solutions. These solutions
improve corporate performance by enabling organisations to collect, organise
and analyse digital information in support of their business processes. 

Affecto is headquartered in Helsinki, Finland. The company has subsidiaries in
Estonia, Lithuania, Latvia, Sweden, Norway and Denmark. In 2006, its turnover
totalled 50.2 million euros, and it employs a staff of over 1000.
www.affecto.com

Attachments:

affecto poland 050907.pdf