AS EESTI TELEKOM
AS MICROLINK EESTI
MicroLink acquires Baltic's biggest training company
The biggest Estonian infotechnology company MicroLink buys 82,9% stocks of IT
Koolituskeskus.
MicroLink will purchase the ownership stake from the current owners of IT
Koolituskeskus, with the cost totalling at 22 million kroons. CEO of Microlink
Enn Saar said that IT Koolituskeskus has a good client base, a professional team
and a good reputation amongst clients. Acquisition of the training company
enables MicroLink to provide high quality training and consultation services to
different clients and partners.
According to CEO of Microlink Enn Saar, the benefits that companies and users
gain from infotechnology depends on whether people start using new technologies:
„The role of training is important, acquisition of IT Koolituskeskus allows us
to focus more on training clients in areas related to infotechnology.“ Saar also
says that the company's goal is to start providing services in all three Baltic
States and sales departments of IT Koolituskeskus in Latvia and Lithuania create
excellent opportunities for growth in those markets. „Acquisition of IT
Koolituskeskus is the first step in restoring MicroLink's presence in the Baltic
States and advancing to other nearby markets,“ commented Saar.
Member of Board of IT Koolituskeskus Raul Niini said that MicroLink's ownership
role will increase the company's growth potential and gives an opportunity to
widen the array of services provided: „MicroLink is one of the leading IT
companies in the Baltic region and we are glad over the attention of a strong
strategic investor,“ said Niin.
IT Koolituskeskus was founded in 1995, which makes it one of the oldest IT
training companies in Estonia. In addition to training in Estonia the company
also provides its services in Latvia and Lithuania (IT Protraining) and is the
leading IT training, consultation and certification services provider in the
Baltics. Sales of the company in 2007 ammounted to 29 million kroons.
MicroLink together with Elion and EMT belongs to Eesti Telekom, the largest
telecommunications group in Estonia. MicroLink is Estonia's leading IT company
with a strong focus on developing integrated IT solutions. EMT is Estonia's
leading mobile operator, providing the best coverage in addition to quality
product development and services. Elion has become the leading phone, Internet
and digital television provider in Estonia through developing integrated home
and business communication solutions.
Majority shareholder of Eesti Telekom with 60,12% of the stocks is Teliasonera,
the leading telecommunications company in the Baltic and Nordic regions.
TeliaSonera has 114 million clients and operates in 18 countries in the Nordic,
Baltic, East-European and Central-Asian regions.
Additional information:
Enn Saar
CEO
AS MicroLink Eesti
Phone +372 50 28925
Andres Käärik
Member of the Board
AS MicroLink Eesti
Phone+ 37250 34244
www.microlink.ee