Qumak S.A.

Qumak headquarters, Eurocentrum Office, in Warsaw
Type	Joint-stock company
Traded as	WSE: QMK
Industry	ICT
Predecessor	Qumak International Sekom SA Qumak-Sekom SA
Founded	1985 (1985), Poland
Headquarters	Warsaw , Poland
Number of locations	Gdańsk Kraków
Key people	Tomasz Laudy (President of the Management Board) Marek Tiahnybok (Vice President of the Management Board) Jacek Suchenek (Vice President of the Management Board) Wojciech Strusiński (Vice President of the Management Board) [1]
Revenue	708,8 million PLN (2015)
Operating income	-9,7 million PLN
Net income	-9,8 million PLN
Number of employees	700+

Qumak S.A. is a Polish IT and technology company which designs and implements ICT solutions for private clients and the public sector.^[2] Qumak also collaborates with fifty^[3] technology companies which solutions it integrates and uses in order to create its own products adapted to the Polish market expectations. Since 3 August 2006 the company has been quoted on the Warsaw Stock Exchange.^[4]

The Qumak company has been cooperating with universities and research centers for years. It has implemented projects for institutions such as AGH University of Science and Technology in Kraków,^[5] the Jan Kochanowski University in Kielce,^[6] the Warsaw University of Technology^[7] and the University of Warsaw.^[8]

History

The beginnings of the company dates back to second half of the 80s.^[9] In 1985, a company which manufactured and repaired electronic devices was created. In December 1997, the company was registered as Sekom S. A.

PHP Quamak Sp. z o.o was established in 1988. At first it sold computers and offered maintenance service. In July 1990, it opened a first computer and gadgets shop in the centre of Kraków. For further development, the company needed financial assets. Polish-American Enterprise Fund (PAEF), first venture capital fund, offered its support.^[10] As a result of arrangement made between the fund and the company, a joint venture company Qumak International Sp. z o.o. was set up in 1990/9.

In 1998, Sekom S.A. in agreement with Qumak International Sp. z o.o. created Sekom Group. It consisted also of two smaller companies: Blue-Bridge Sp. z o.o. and Gandalf Polska Sp z o.o.Thanks to the cooperation of entities specialized in various IT industries (security systems, video conferences systems) the group became an IT integrator with wide offer of services.

In 2002, the companies belonging to Sekom Group merged into one entity, Qumak-Sekom S.A. The new company became one of the most powerful Polish IT companies.^[11] The headquarters was located in Warsaw, in addition the company also held a big branch in Cracow and offices in Bielsko-Biała, Gdańsk, Radom and Poznań. The company's structure was based on three areas: integration, IT and building automation.

On 3 August 2006, Qumak-Sekom S.A. was quoted on Warsaw Stock Exchange.^[12]

In September 2012, the company adopted a new strategy for years 2013–2016.^[13] Its offer was adjusted in order to eliminate the least viable and least prospective lines of business. In January 2013, the company registered a new, shortened name and since then it has been operating as Qumak S.A.^[14] Currently, it has headquarters in Warsaw and branches in two cities, in Cracow and a smaller one in Gdańsk.

In 2013, the company created Research and Development Department, strengthening its cooperation with research and scientific sectors.

In 2015, the Qumak company celebrated the 30th anniversary of its foundation.

25 October 2018, The Management Board makes a decision on the preparation of a bankruptcy petition for Qumak S.A.^[15]

References