HiQ concentrates on further expansion within the IS/IT area

HiQ concentrates on further expansion within the IS/IT area 

- signs a new agreement with world-leading telecoms supplier

This year HiQ is concentrating on expanding its activities in the IS/IT area so
as to further broaden operations and meet clients' needs for advanced IT
services. Within the framework of this drive, HiQ has signed a new agreement
with one of the world's leading telecoms suppliers. The two-year agreement
concerns consultancy services within systems development and IT-management among
others and covers all HiQ's subsidiaries. 

IT is becoming increasingly business-critical and is an essential component of
daily operations for many companies and organisations. There is a growing need
for customised systems. HiQ has long experience of developing systems with high
specifications in terms of reliability and availability, and works in this area
with a large number of clients in many sectors. 

“As technology becomes ever more crucial in every company and organisation, this
creates a need for advanced solutions within traditional IS/IT, i.e. systems
that support our clients' operations. There is also a big demand for services
within this area among clients to whom HiQ has been supplying services within
research and development for many years. This new agreement with one of our
major telecoms clients is a good example of this,” says Lars Stugemo, President
and CEO of HiQ.

HiQ currently has a very strong offering within quality assurance of large IT
projects, primarily on the Finnish market. During the year HiQ has worked
continuously to further develop this offering on the Swedish market, thereby
further strengthening its offering within the IS/IT area.

“The acquisition of our company HiQ Quality Services in Finland created a
platform that enables us to establish HiQ as a very strong player when it comes
to development, implementation and quality assurance of large IT systems, in the
same way as we have been a total supplier within product development for clients
in various sectors for many years,” Stugemo says. 

“These days there is a big focus on the part of our clients on reviewing their
support systems and ensuring an effective IT environment. The solid experience
we have built up makes expansion within this area a natural step for us to take.
We are seeing a high level of demand in several sectors such as finance, media,
public sector, and manufacturing and industry. In other words: interesting new
opportunities for HiQ,” Stugemo concludes.

For futher information, please contact:
Lars Stugemo, President and CEO of HiQ, tel: +46 (0)8-588 90 000 
Annika Billberg, Head of Corporate Communications and Investor Relations, HiQ,
tel: +46 (0)8-588 90 015 or +46 (0)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 Nordic Exchange
Stockholm Mid Cap. For more information, please visit www.hiq.se