HiQ is focusing on growth in Finland

HiQ is focusing on growth in Finland

- Strengthening the client offering and intensifying sales activities through
HiQ Finland

HiQ is forming a new company by merging the two subsidiaries, HiQ Softplan and
HiQ Quality Services. The new company in the Helsinki area employes nearly 200
employees and has a strong offering in development and quality assurance of
advanced systems for clients in sectors such as gaming, telecom, finance and the
public sector.

“This is an exciting and important step for HiQ in Finland. By merging our two
subsidiaries and forming a new one, we are strengthening our client offering in
the Finnish market. We will be a bigger player with an integrated offering and a
stronger brand. It feels great,” says Lars Stugemo, President and CEO of HiQ. 

The Managing Director of the new company is Jukka Rautio, the current Managing
Director of HiQ Quality Services. The Deputy MD will be HiQ Softplan's current
Managing Director, Pekka Neva.

“The goal for 2010 is to continue to develop HiQ and to grow in the Finnish
market. At the beginning of May we will move into new offices in Espoo which
will make it easier for us to grow and recruit new, talented consultants.
Naturally, a larger company is able to offer better development opportunities to
its employees,” says Jukka Rautio.

HiQ Finland will offer cutting-edge expertise in development of interactive
gaming platforms, business-critical systems for public sector agencies and
logistics companies etc., and systems development for the telecom industry. HiQ
Finland will also have a very strong offering in quality assurance of large IT
systems. Examples of clients are Tekes, Kuusakoski, Ficora, Nokia, Veikkaus,
GTECH and ECHA (European Chemicals Agency). 

“Since we acquired HiQ Softplan nearly eight years ago, HiQ has developed very
well in Finland. Combined, the companies have many years of experience in the
Finnish market and very strong relationships with Finnish clients. I look
forward to continuing to work on strengthening HiQ in Finland in the years
ahead,” says Lars Stugemo.

“Both Jukka Rautio and Pekka Neva have done excellent work developing HiQ in
Finland over the past few years and the great cooperation between them has made
HiQ a strong player in that market. Now we are taking a natural step forward by
creating a joint company with a focus on growth, in which Jukka and Pekka will
form a strong team,” says Lars Stugemo.

For more information, please contact: 
Lars Stugemo, President and CEO HiQ, tel.: +46 8-588 90 000
Jukka Rautio, Managing Director HiQ Finland, tel.: +358 9 4355 860
Annika Billberg, Head of Corporate Communications HiQ, tel.: +46 8-588 90 015,
+46 704-200 103

HiQ is an IT and management consultancy company focusing on high-tech solutions
in the fields of communications, software development and simulation technology.
The company is a leading player in these fields and the Nordic region is its
domestic market. HiQ employs more than 1,000 people at offices in the Nordic
region and Eastern Europe. HiQ is listed on the NASDAQ OMX Stockholm Mid Cap.
For more information, please visit www.hiq.se