Crimsonwing l c : plc reaches €20 million target

CRIMSONWING PLC REACHES €20 MILLION TARGET

Malta, 29, July, 2014

Crimsonwing PLC announced last week that the €20 million turnover target set for the current financial year, which ended on 31 March 2014, was realised. These results set a new record for the company.
A 13% increase in revenues on the previous year saw the company achieving its target of €20 million, with a turnover of €20,100,000. Crimsonwing CEO David Walsh described these results as "excellent" and "in line with the company projections".
The company, which has recently reached a headcount of 200 in its Malta offices, has also just announced the appointment of a new Director of Crimsonwing (Malta) Ltd, Stephen Abela. Mr Abela has been with Crimsonwing since it first opened its doors in Malta, then under the name of Magus International, back in 1998. Among other duties, he will take full responsibility of the Malta Microsoft Dynamics Business Unit, a department which he has been running since its inception in
2004.
Starting as a Senior Analyst Programmer and Technical Coordinator on the Safeway Supermarkets account, in 2004 he was appointed team leader on Microsoft's new Enterprise Resource Planning (ERP) software, AX, together with three other resources. His role evolved as the ERP sector continued to grow, and in more recent years he took up the post of Head of Microsoft Dynamics. A graduate in Mathematics and Computing from the University of Malta, Mr Abela holds an MBA with Henley Management College.
"With his relentless drive and passion, our Microsoft Dynamics team in Malta has grown from three developers working with one product and servicing one client, to a team of over 80 professionals working with over 10 products and servicing 86 clients," Crimsonwing (Malta) Ltd Managing Director James Bonello explains.
"I am looking forward to working closely with the top management team, spread across Malta, the UK and the Netherlands, in order to attract more international as well as local customers to our company," he says. By the end of August the team will be comprised of around 85 professionals, he explained, adding "in reality I feel it's business as usual … which at Crimsonwing indeed means growth as usual".

Estelle Marom Petagna Chiara Bonello Fabienne van Doornmalen

+44 (0)207 367 4300 +356 2124 2121 +31 (0)35 655 44 33

Crimsonwing is an IT solutions provider supplying and implementing best-in-class software packages, custom solutions and professional services. Around its three focus areas of eCommerce, ERP and systems integration, Crimsonwing provides numerous complementary services. Thorough understanding of companies' need for all-embracing IT solutions makes it a strong and reliable partner, trusted by organisations around the world for its skills and expertise. This is also supported by long-standing gold partnerships with Microsoft, Magento, Intershop and Oracle. Crimsonwing relies on 300 highly qualified staff to ensure that clients get nothing less than what's best for their business now, and in the future.
For further details, please visit www.crimsonwing.com

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Estelle Marom Petagna Chiara Bonello Fabienne van Doornmalen

+44 (0)207 367 4300 +356 2124 2121 +31 (0)35 655 44 33

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