Information about winning the tender.

Polaris IT Group SA informs that its subsidiary iSRV Zrt. was announced the winner in a public tender in Hungary for the supply of hardware and software for educational purposes. As part of this project, iSRV Zrt. will also deliver its own Enclosed Learning online learning system. The company estimates revenues from the project at…

Obtaining funding for a research and development project.

Polaris IT Group SA informs that its subsidiary iSRV Zrt. received a subsidy for research and development works under the competition ” Support for market-led R&D and innovation projects” (reference number: “2020-1.1.2-PIACI KFI”). In the research project to be implemented, ISRV Zrt will develop a special 3D printer based on phase-controlled radar technology and a precision,…

Information on two significant contracts.

Polaris IT Group SA announces that it has sold to a UAE customer a license for the online learning system Enclosed learning, developed by its subsidiary iSRV Zrt. Polaris IT Group SA will earn approximately EUR 860,000 in revenues, of which 5% will remain with Polaris IT Group SA, and 95% will be the revenues…

New Chairman of the Board

    Polaris IT Group SA announces that Gábor Kósa  will be the Chairman of the Board of Directors of the company from February 1, 2021. The aim of the new Chairman, who is also the main owner of the company, is to expand the company, open to new markets and develop its operations in Poland.…

Information on completing the contract

Polaris IT Group SA hereby announces that iSRV Zrt., being a member of the company group, has completed the agreement concluded in the spring of 2020. iSRV Zrt. has engaged itself in distributing medical equipment for two Hungarian state bodies, through a contributing partner, with a total contract value of approx. EUR 36 million. Following…

Software license sales agreement.

Polaris IT Group SA and its subsidiary iSRV Zrt. have agreed to distribute the software/license sales projects for B2B partners. Polaris IT Group SA has the distribution rights of the software/license developed by iSRV Zrt in those cases, where the potential buyer is not the end-user of the software. Following the agreement, the first transaction…