Adastra revenues in 2006 approached EUR 25.5 million

• In the 2006 calendar year Adastra Corporation attained revenues of CZK 731.8 million (EUR 25.5 million), which represents a year-on-year increase of 35%
• Value added services comprise 99 % of company turnover
• The company’s foreign operations represent 40 % of the corporation’s turnover
• The company is now also focusing on Data Quality Management and Master Data Management 

Prague, April 3, 2007 – Adastra Corporation, the international consulting and software company, has announced its financial results for the 2006 calendar year. Adastra attained total revenues of CZK 731.8 million (EUR 25.5 million), which represents a 35 % year-on-year growth. Value added services, which comprise the stable core of Adastra business activities, last year generated 99 % of the total company turnover, attaining CZK 726.7 million (EUR 25.3 million). The company’s foreign operations, especially those in Canada and Germany, accounted for 40 % of turnover.

Graph: Revenue gain of Adastra Corporation in millions of CZK, calendar years

Company development in 2006
The key question impinging on a whole range of data integration projects was data quality, therefore Adastra concentrated on Data Quality Management. The company is raising its profile in regard to Master Data Management (MDM), a newly emerging IT discipline. MDM represents a shift in the way that data/information is perceived in systems of organizations from the traditional, formal, and technically based approach to a content-based and procedurally perceived solution. Within this conception, semantics, organization, and business are of greater importance. Technology is more and more understood to be a tool and a part of infrastructure for universal solutions.

In addition to these activities Adastra continues to operate in Data Warehousing/Business Intelligence and Data Mining, which still form the core of its competencies. The development of the company’s own business-software solutions and tailored customer applications, including consistent quality assurance and quality validation & verification, has also moved on apace.

The most important Adastra solutions, which the company continued developing last year, include:

• Adastra Purity – the company’s flagship solutions in MDM, designed for the consolidation and cleansing of client data
• Adastra Fraud Management System – a solution for the detection of insurance or telecommunication fraud
• Campaign Management – a solution for managing and evaluating marketing campaigns 
• Adastra Quality Validation & Verification – methodology for testing and improving the quality of software applications 

New clients
Adastra is continuing in its global activities and implementing extensive projects with its large clients. New Adastra clients acquired in 2006 include Aviva, Bawag Bank, Global Payment Europe, Home Credit, Mafra, Kyivstar, the Ceska pojistovna pension fund, Santander Consumer Finance, the Behr Group, DaimlerChrysler, Express Scripts, the Government of Ontario, and Volkswagen AG.

Selected awards and certificates
Last year Adastra was awarded a host of important certificates and prizes, the most important of which included the following:

• Jan Èervinka is the holder of the 2006 Czech Republic Technology Entrepreneur of The Year title. This prize is a part of the Entrepreneur Of The Year competition organised annually by Ernst & Young.
• Adastra was awarded the title of TOP 10 ICT company, which confirms that it is one of the 10 most important IT companies in the Czech Republic in 2006.
• Adastra Corporation was awarded a place among “Canada’s Best Managed Companies“ in 2006 and is listed among “Requalified” members. For the first time, Adastra won this price last year and in 2006 requalified its position due to consistently maintaining successes and achievements at the highest level.
• In 2006 Adastra was once again ranked amongst the TOP 10 Systems Integrators in the CR.
• Adastra occupied 15th place in the Technology Fast 50 CE ranking by Deloitte, a list of the 50 fastest growing IT companies in Central Europe. The company was also ranked in the Technology Fast 500 compiled for the EMEA region.

The Adastra team of employees is growing
The stable client base and interest in other solutions and services offered by Adastra is placing increased demands on the number and quality of employees on the European and North American markets. At the end of 2006 a total of 400 employees worked in the corporation worldwide, of which more than two thirds are based in the Czech Republic and Slovakia.

About Adastra
Adastra Corporation is an international consulting company specializing in Data Warehousing, Business Intelligence, Data Integration, and Master Data Management solutions. The company’s European activities are managed from its headquarters in Prague, and via branches in Bratislava, Ostrava, and Frankfurt. Adastra’s North American headquarters are located in Toronto, Canada. The Company’s technologically independent solutions reflect its extensive expertise, drawn from the completion of hundreds of projects. Our clients include leading organizations such as Ahold, Bank of Montreal, Barclays Bank, Bell Canada, Cetelem, Ceska pojistovna, DHL, Dresdner Bank, Telefónica O2, GTS Novera, HVB Bank, ING Group, Roche Diagnostics, CSOB Pojistovna, RBC Royal Bank, and Komercni banka.

Further information
Kamila Rychtaøíková, mob. (+420) 724 368 107, tel. (+420) 271 733 303, kamila.rychtarikova@adastragrp.com