At a time when new technologies are becoming the main business carrier,
communication is now all about transparency.
Aymeric Libeau
CIO - Vice President Infrastructures and R&D
« Creating the ship is not about weaving the canvas, forging the nails, reading the stars, but rather about giving a taste for the sea » Saint Exupéry
Monica Jiman
Deputy CEO
Deputy CEO
Alexandra Mondanel
International Operations Officer
Relying on partnership in diverse geographical, economical and cultural environments is the best way to sustain a strategy based on strong growth and international expansion.
Hélène Hemery
Marketing Manager
An innovative web policy deployed through the use of web 2.0 marketing methods ensures a greater visibility of products and services.
Sophie Lelarge
WW Sales and BL Director
WW Sales and BL Director
Pierre Peutin
Head of Business Line for Information Systems
Head of Business Line for Information Systems
Mickaël Hiver
Head of Business Lines for Embedded Systems & BPO
We take pride in helping our clients to implement their ideas, which is why we make full use of our consulting role.
Eric Gouin
Administrator
Administrator
Aleth Delcenserie
Quality Manager
Men accept change only when needed and they see need only in crisis", Jean Monnet, founding father of European unity.
Tuan Nguyenquoc
Sales Director
A Vietnamese proverb says "When eating a fruit, think of the person who planted the tree". Here, each employee takes part in growing the company and enjoys its fruit.
Frédéric Lasnier Title: President&Chief Executive Officer Bio: After a quick passage in a national marketing service company, Frederic Lasnier founded Pentalog with four colleagues, academics like himself. During a period of economic stagnation (in 1993).
In 1995, he decided to open permanently the capital of Pentalog to the participation of his employees. This participation now has reached 56%. It was a political vision that he shared with the founding members. Starting from 1997, Pentalog exported their first services outside of France. The percentage of foreign activities subsequently reached 60% in 2006.
In 1999, as part of a large software project (10 000 man-days in J2EE), he made his first trip to Romania and laid the foundation for the Pentalog policy of European "low cost". In 2005, he initiated the creation of BPO services (Business Process Outsourcing) and offered a New Business Model to Pentalog High Tech.
In 2006, with the help of Ausy, one of the 5 most important players in the French market of outsourced R&D services, he created Pentalog Technology, a joint venture between Ausy and Pentalog, co-owned equally by the two partners. The Joint Venture aims to provide low cost but high quality R & D to global players. Pentalog took operational control of this alliance.
In 2008, Pentalog Deutschland, the German subsidiary of the group was created.
In 2009, Frederic created Pentalog Vietnam.
In all these areas, the management is provided from Orleans and it is here where 70% of the consolidated value is held.
Frederic is the father of the adaptation of the "design to cost" for intellectual services in France.
Aymeric Libeau Title: CIO - Vice President Infrastructure & R&D Bio: The management of infrastructure and R&D Aymeric is supervising includes all the technical aspects (for the company as well as for our customers), whether they are related to corporate needs, resources to complete a project, R&D activities or quality control.
Aymeric is the one who defines the strategy of development of our infrastructure and information system.
This former peacekeeper has led several international operations, in particular in Eastern Europe. He remains operational for some of our customers, whether as an expert in architecture, a project director or consultant in the choice of technologies.
Monica Jiman Title: Deputy CEO Bio: Monica graduated in Marketing and Production from the University of
Orleans, and joined Pentalog as a trainee.
She then became the Manager of the branch office in Bucharest, today employing 50 people in the field of outsourced software development on the offshore as well as local market in Romania.
In May 2009 she became Chief Operational Officer. Monica is now in charge of operations in Vietnam, Eastern Europe, France and Germany, involving over 300 employees. She manages sales and business lines, the creation of new branch offices, recruitment, human resources and the responsibility of contractual operations.
Monica has been Pentalog's Deputy CEO (Deputy Chief Executive Officer) since August 2011. She is in charge of operational management, including the management of production and production structures, financial and reporting management, administration and development of existing partnerships, supervision of the information systems, technical management and … the incubator.
Alexandra Mondanel Title: International Operations Officer Bio: After a 4-month internship within the Pentalog Orleans Team, Alexandra was recruited to develop the company's international activities. She holds a postgraduate degree in International Business and foreign languages and she is European to the core: her mother is German and her father is French; she attended a British University, and used to work for the German subsidiary of a French company before joining Pentalog in 2005. Her ability to speak four languages will be determining to find partners all accross Europe.
Sophie Lelarge Title: WW Sales and BL Director Bio: Sophie is the group's Sales Director and manages the 3 Business Lines: Information Systems, Embedded Systems and BPO.
She ensures the dialogue with consultants and project managers, as well as the monitoring of our commitments, in coordination with the project managers.
Pierre Peutin Title: Head of Business Line for Information Systems Bio: Pierre entered Pentalog as a developer, in 1999. He has worked on web and client/servers projects, on missions of medium and long duration in both France and Belgium. After several years as a developer, Pierre oriented himself towards Business Intelligence by participating in various reporting projects for customers like PSA Peugeot Citroën, Loxam or the ACTICALL group. Later, Pierre became Project Leader for specific application developments, managing teams of 1 to 7 people based in France and offshore for Pentalog. Pierre then naturally served as an offshore Project Director before taking on the responsibility of the Business Line for Information Systems.
Pierre is presently responsible for writing business proposals, monitoring existing customers, commitment control vis-à-vis our customers on projects, compliance with Pentalog quality system procedures and control and optimization of expenses for the Business Line.
Mickaël Hiver Title: Head of Business Lines for Embedded Systems & BPO Bio: Mickaël entered Pentalog as a Network Administrator in February 1997 with the aim to gain global understanding of information technology in order to assist and guide users in meeting their real needs. For 8 years he was an in-house producer for Pentalog clients. With his acquired experience, Mickaël progressively left production to become first a Project Manager, then Project Director and finally the Head of Business Lines for Embedded Systems & BPO.
Mickaël is a hands-on and open person, with an acute sense of organization and priorities. Through his assistance and counseling he gives his clients and prospective clients the opportunity to focus calmly on their actual core business.
Eric Gouin Title: Administrator Bio: Eric graduated from a renown school of Physics and Chemistry in Paris. While he was a student he used to develop websites related to his student activities.
After two research internships within a French company producing mobile phone components in the Sophia-Antipolis Technopole, he joined the IT world in which he held several key positions.
He now is a finance and management control consultant.
Aleth Delcenserie Title: Quality Manager Bio: Associate-founder of Pentalog and board member, Aleth Delcenserie first evolved in the graphics department of the company. Gifted with a strong sense of organization and a taste for detail, she conducted with rigorous methodology publishing projects and electronic media for over ten years, and launched the Pentalog BPO-DTP sector at the end of 2005.
From September 2007, Aleth has been responsible for the definition and for the implementation of the Pentalog Quality Policy, leading to the ISO 9001:2008 certification of the group, on December 24, 2008.
As the Director of Quality Control, Aleth is now based in Moldova since 1 January 2009, where she now shares her time between coaching project managers in implementing effectiveness control and the progress of Pentalog Quality.
Tuan Nguyenquoc Title: Sales Director Bio: Tuan holds a Master's Degree in Information Systems and New Technologies from the Paris-Dauphine University, and gained some professional experience in France before returning to Vietnam to start his offshore adventure. He became a team leader in a Datawarehouse deployment project in Africa for a telecom provider, and witnessed violent riots in Kinshasa during a couple of days.
Following this project, Tuan turned to a Marcom position as the offshore business development manager of a big Vietnamese IT services company.
While reading the Pentalog blog Tuan became acquainted with Frederic and they met during Frederic's first visit in Vietnam. He was immediately convinced by Pentalog's business model and now manages the development of the first Pentalog office in Vietnam.
Germany is the second IT outsourcing market in Europe and its demand will continually increase in the years to come, considering the evolution of its demography (see Frédéric’s article on this subject). Pentalog is about to assert its position on this market which has the reputation of being difficult to conquer, with a sales figure of over 2 million euros expected for 2010. We must now find solutions in order to meet even more efficiently certain demands that we do not always find easy to fulfill with our current resources and offices, especially when German-speaking staff is required. Poland, with a population of 38 million inhabitants, an economically dynamic member of the EU and part of the Schengen area since 2007, could be the destination that could support our development in Germany. We could also envisage commercial propositions towards Denmark and Sweden.
Frédéric Lasnier, Mircea Popa (manager of Pentalog Deutschland) and I will therefore travel to Poland from the 20th to the 22nd of September. There we will be looking for German-speaking IT engineers, we are going to try to obtain information about IT university faculties, the main nearshore players etc. Contact us if you think you can help us.
At a time when worldwide demand for IT engineers has skyrocketed, the demography of so-called developed countries can no longer cope. Within this context, offshoring allows to develop overall engineering capacities in countries that lack labour force. As I was saying a few days ago, Germany will be facing a challenging situation beginning with this year.
The other possibility, which might turn to reality just as well, is that the temptation of giving in to the appeal of the West might be too strong for young graduates from offshore/nearshore countries and that they might follow the sirens of companies that were caught off-guard by demography and the abandonment of engineering professions.
All ITO operators in Moldova, Belarus, Ukraine and a few other countries with a reduced quality of life are well aware of this fact. This time last year, I was struggling, a bit like Don Quixote, to convince Moldovans to remain in Moldova. I think I was successful with only two people. Since then, the exodus has continued. I still have conversations with some of the people who have taken the great step of moving to America. Many of them aren’t truly happy there, because you can’t leave your close ones behind without any consequences, but they don’t fully regret their choice, either. And I know why…
Nothing in Moldova or Ukraine seems to point to any changes. Hospitals continue to be death factories, school standards don’t encourage people to have children, roads are dangerous… Democracy has seen a small development in Moldova and I welcome that. But when companies don’t pay their social contributions and taxes, employees don’t pay them, either, do they (taxes and contributions are deducted at source)? Under these circumstances, any improvement in public services is unimaginable.
However, the governments of these countries continue to be highly interested in the IT sector, which they consider to be a true outlet for export that doesn’t really need infrastructures (unlike the industry, for instance) and a means to establish a qualified local workforce, with high purchasing power. These government gentlemen (unfortunately, there aren’t many ladies) continue to ignore that the public has in many cases traveled abroad, has friends in other countries and communicates intensely with them. They forget that people who spend several years at university develop high-level social reflexes and, above all, that they have common dreams.
In Moldova, an agreement is being forged between companies which pay taxes and contributions to exert pressure on different companies which use tax havens for paying their employees , for instance, or those which pay salary differences in cash to their employees. This first collective reflex must be given meaning. It is very simple and we have known this for a long time: most emigrants are in search of a better health, education, transport system… in short, they are in search of harmony.
The governments of these countries must understand that they can’t keep engineers in the country and organize a software outsourcing industry without putting social infrastructures on the road to progress.
It is also up to you, as clients, to choose companies which respect the laws of the countries in which they are based and offer an alternative to local systems through private protection schemes where available. You can also choose countries that are firmly committed to taking the road to progress. Otherwise, you risk being faced with a great deal of staff turnover caused by emigration, thus leading to time-wasting. Some countries are more affected than others by what can be seen as a genuine curse for people who stay. Deprived of the workforce and experience of those who leave, people who stay must take over harder workloads when clients simply won’t go. In this sense, I must confess that, within Pentalog, we find in Romania, more than elsewhere, a European framework that, far from being ideal, meets the fundamental rules of modern societies. Although a bit more expensive than our alternatives, it provides our clients with a particularly efficient solution… therefore, a benefit to the Union, to social systems and to democracy.
Ngo Bao Chau, an authentic Vietnamese name, was pronounced at Hyderabad in India last Wednesday (August 19th) as one of the four winners of the Fields medal, the most prestigious award in mathematics (we could say that this is the Nobel of mathematics). His works deal with the Langlands programme (I will let you discover on your own what it is about ).
Vietnam is therefore the second Asian country to have won this medal, after Japan. Less than 50 people have been awarded this medal since its creation in 1936. This is a national pride for the Vietnamese people who are also trying to assert themselves on today’s international stage and not just through the painful war victories they obtained in the past.
We cannot forget France, hence the title of this post, where Bao Chau carried out most of his research work at the Paris-Sud University under the supervision of Gérard Laumon who had another student who won the Fields medal in 2002 (Laurent Lafforgue)!
Vietnam gave Bao Chau the necessary knowledge for his start, while France offered him wings to fly as high as possible. The precious grey matter does not belong to a single people, but to the entire humanity. Pentalog’s restricted case also proves that projects of worldwide clients can easily be carried out by French, Romanian, Moldovan or Vietnamese teams. It is from this diversity and internationalization that stems Pentalog’s strength, because we can draw the greatest assets from everyone.
My only regret is that the entire French press only mentioned Bao Chau as being French! He is first of all Vietnamese and was only naturalized in 2010.
PS: I take a small personal pride in having had the chance to attend the same primary and secondary school as Bao Chau
This statement will be published on the corporate site in the following days.
Thanks to several important new contracts and the development of previous activities of Q2 and Q1, Pentalog will reach an organic growth superior or equal to 38% in Q3. All of Pentalog’s quarterly results have been systematically displaying a sales figure increase since 2002. This is, therefore, the 35th consecutive quarterly increase registered by Pentalog, which has thus become the leading IT nearshoring force of the European Union. The predicted annual sales figure is thus revised upwards, between 16 and 17 million euros. Profitability is also on the rise.
Several new production activities for new clients have been launched. Among them we find Sierra Wireless, Ubisoft Romania, a grow-up and a start-up, both from France, and, finally, a German industrial leader.
Pentalog Labbs has now become operational. This R&D unit has started delivering proofs of concept to its clients and is also used as an incubator for Pentalog’s investment projects. New concepts on innovative business approaches have already been put forth on the market. Several commercial developments could be announced during the months and years to come. Pentalog Labbs is the first Franco-Romanian private incubation structure. Based in both countries, the Labbs is under Frédéric Lasnier’s direct responsibility, the Group’s CEO, helped by two assistant directors, and is in search of fertile mergers between emerging countries and Western economies. If the experience works, it could be extended to Vietnam.
In total, the group has created 120 jobs since the beginning of the year and could create another 30 to 80 jobs by the end of 2010.
Will we still be talking about IT offshoring in 2016? 36 hours of reflexion on the future in Chantilly, at Château de Montvillargenne, together with Virginie and Eric.
I don’t have an answer to this question. On the other hand, I know that the number of engineers available or in training in the so-called developed countries won’t be enough to meet their resource needs. Offshore outsourcing could become so common that the words “offshore” and “nearshore” will have completely disappeared. Germany is looking for 200,000 engineers and scientists before 2014. This will be a massive appeal that could destabilize certain economies. Therefore, in this context of declining demography, of inexplicable abandonment of scientific and technical professions and of near deflation, the use of offshore resources could witness a dramatic increase. Countries like Germany, Canada, the USA or others will be looking to “import” these highly skilled emigrants.
Almost two years ago, Eric, Virginie and I met in Brasov for 36 hours of reflexion on Pentalog’s potential progress before 2010 and from now until 2013. Two plans were developed. The 14-2010 plan is in its final months. It has proven our ability to conceive a near future, to understand our strengths, our qualities and to implement series of rational actions in order to achieve an objective. We will exceed it by 15-20% in terms of sales figure. Leaving figures aside, we are satisfied with our good shape because JVs are reinforced, Pentalog Deutschland is a reality and is performing very well and with the fact that our strategy in Germany is recognized by the most important companies. 60 Romanian engineers are already providing services to our German clients on a daily basis. Very prestigious projects are being prepared. We had also decided there to open our Vietnamese office which now has 55 collaborators, provides services for 5 French clients and takes over a part of Pentalog’s internal developments.
The 30-2013 plan was a different and very innovative exercise for us. We listed growth concepts that could be taken into account in order to reach this figure, among others the launch of new JVs. We also enumerated our long-term weaknesses and started to work on them. Training witnessed a great boom, especially for management staff, in countries that are often criticized for their poor management abilities.
We have reassessed our former long-term plan, which therefore becomes our short-term plan. This means that we must consolidate it, materialize the actions to be carried out and recalculate it. I would like to let you know that by 2013 we will have opened at least one more office in Romania, one undoubtedly in Maghreb, a second one in Vietnam and will have made commercial propositions in new target countries. Among others, we must absolutely include the high German demand into our growth plans. Thus, we could soon have to open offices in Poland, Estonia or elsewhere. The current French and German offshore market is still in its early stages. I have been stating for a long time that the offshore volume in outsourcing will easily exceed 15% and could even reach 30%. Demography and abandonment of the scientific field will play a much more significant role than cost reduction in this process. We confirm our intention to continue to grow by 30% a year while making as few acquisitions as possible.
What about 2016? A change in methods, financing, products and services, in identification, briefly – in strategy. Acquisitions could play a greater role. Like offshore, the word “cloud” will have almost disappeared… because we will find ourselves surrounded by it. The Pentalog Group will still have to have a future. Will it reach a sales figure of 50, 75, 100 million or 1 billion euros? Virginie, Eric and I are going to present our thoughts to the Board of Directors. It is up to the members to offer their feedback.
What I can say is that growth and profitability will continue to be our main preoccupations. In the context of a European resource shortage, we will therefore have to rely more than ever on our productivity and more and more on innovation.
Only a few days ago I was talking to you about the M2M solution that Pentalog intends to put on the market soon and that will join Pentalog’s “cloud” of solutions in order to meet the needs of tomorrow’s economic players.
Among the array of projects deployed in the lab, there is a project which is apparently less avant-garde because it focuses on social networks. Out of thousands of existing projects, wasn’t there a single one that could draw Pentalog’s attention?! In fact, Pentalog wishes to start from the basic structure of an open source platform and initiate a process of reflexion that can lead to different versions of the social network concept. We are going to push this concept towards such fields as skills management, recruitment, market places, helpdesk, crowd sourcing, front-back office relationship etc. I don’t know how to express this yet, but let’s just say that we are dreaming of a social network platform that could become a sort of OS of clouds. It could allow for intelligent and context-based communication between systems and users and it could also enable users to have general functions aimed at finding help quickly, all of this in a natural language and within a very simple interface. Moreover, I have a long-standing belief that social networks are the true market places of online services and that it is the latter that should become the providers of the former. But for that they need semi-plug&play solutions, a field in which Facebook, which is leading the world market, is truly king. Nevertheless, in the era of the cloud, not all service providers will resort to Facebook in order to build their user community; some will want to build exclusive communities while others will want their own community… which will be partially open to Facebook and Google, though.
We have therefore opened an R&D operation dedicated to social networks in the lab. Like for M2M, we already have two early adopter projects which, although they won’t revolutionize the field, will help place Pentalog among the players on this market. The Hanoi site has been chosen to carry out the RS platforms, as well as the web services that will enable providers to present their offers in the best places possible, in corners, groups… you may call them as you like.
This project will prove the intellectual force of an R&D solution based in two emerging countries, like Romania and Vietnam. The origin of these projects (Vrotnamia ) will make the difference in comparison with West European and Californian competitors and will also help reduce costs, which will undoubtedly increase agility during the design phases. I am particularly optimistic about the feasibility of this choice when each day I notice the amazing dynamism of Social Networking in these countries.
Elaborate your Offshore project with the European leader in Offshore Outsourcing!
M2M is the acronym for Machine to Machine, the concept that brings together equipment within an intelligent network. Pentalog Group made its first steps in this universe as early as 2005 by developing, for its client accounts, software solutions for managing M2M generation network equipment. More recently, as they acquired more powerful equipment and had to cope with raging competition on the R&D market, these clients resorted again to Pentalog by requesting it to take over a more important part of the software process. Thus, Pentalog Group now offers them a new product certification line, based in Hanoi. Two projects, one of which is for an M2M world leader, have already been launched in the Vietnamese capital.
As for Eastern Europe, what do we intend to do for a market that demands the group’s experience in solution design and deployment? Pentalog entrusted the Pentalog Labb, the group’s technological prospective structure, based in Romania, with the launch of a project designed to completely review M2M network management and with the development of a general but customizable application, that meets the needs of all economic sectors, from car rental to healthcare equipment or from energy distribution to industrial park management or home automation. One of the Labb’s project managers is in charge of producing a first proof of concept which will be accompanied by an architecture recommendation allowing to integrate the data generated by hundreds of thousands or even millions of connected devices.
After producing this proof of concept, it is Pentalog’s Chisinau office that will be entrusted with building this ambitious platform that will be a part of Pentalog’s future cloud or that of our clients. Being already sold, even before existing other than in our intentions and dreams, the platform is already drawing questions from several clients. At any rate, it places Pentalog Romania, Moldova and Vietnam at the heart of one of the greatest stakes of information society in the 10 years to come. Pentalog is determined to prove, through its future successes, that Eastern Europe is not just an outsourcing solution, but that it is perfectly capable of rising up to the challenge of technological innovation.
Elaborate your Offshore project with the European leader in Offshore Outsourcing!
Here is a press release published in the Israeli press a few days ago on the opening of Pentalog’s Israeli subsidiary.
“The Pentalog Group, a software development outsourcing group which operates software development centers in Eastern Europe and Vietnam opens a subsidiary in Israel. Eli Friedmann, Managing Director of Pentalog Israel: “The IT services offered by Pentalog will save Israeli companies significant costs without compromising work quality.”
The Pentalog Group, providing software development outsourcing services in Offshore and Nearshore models in Eastern Europe and Vietnam, is starting a subsidiary, Pentalog Israel, which is located in Kiryat Arie, Petach Tiqua. Pentalog Israel will be managed by Eli Friedmann and will offer its Offshore or Nearshore outsourcing services to Israeli High Tech companies that develop software and/or hardware.
Pentalog ranks among the five leading European offshore and nearshore software development outsourcing companies. It employs over 500 people in 7 countries, of whom over 450 are English speaking, software development engineers, in Eastern Europe and Vietnam.
Pentalog customers in the last decade include dozens of organizations, such as companies, financial institutes, government offices and agencies, municipalities and academic institutes. Pentalog’s customers list includes Hitachi, Ericsson, Orange, France Telecom, Vodafone, Société Générale, Lexmark and more.
The Pentalog Group was founded in 1993 by Frédéric Lasnier who acts as the group’s major shareholder and CEO. Pentalog operates in France, Germany, Romania (4 software development centers), Moldova, Vietnam and Israel.
Pentalog Israel is managed by Eli Friedmann who brings 13 years of experience in establishment and management of companies and projects in software development outsourcing, ASIC’s and embedded systems. Lina Jackont, the newly appointed COO of Pentalog Israel has some 11 years of project management experience including 3 years in offshore projects.
Pentalog Israel offers development services along the entire life cycle of a product, starting from specifications to development, testing and maintenance. It offers software and chip development services to developers of electronic equipment and embedded systems (including real time embedded) and IC developers (Fabless) including Backend, frontend, analog circuit, mixed signal and IC mask layout.
Eli Friedmann says: “Contrary to common perception of development outsourcing as an inexpensive and inferior solution, Pentalog believes that it will need to provide a significantly superior solution in addition to its being cost effective. The services offered by Pentalog will save Israeli companies significant costs and will decrease time to market without any compromise on product quality and stability. Pentalog’s service quality derives from its high quality manpower which is achieved by both careful people selection and an extensive investment in bettering its manpower by ongoing professional education, personal tutoring, excellent work conditions and extensive incentives plan while focusing on a dynamic work style, strict following of schedules and intensive ongoing contact with its customers.
Pentalog, or I as an entrepreneur, I don’t know for sure, has just been ranked 90th company by the French Magazine “l’Entreprise”/Ernst&Young in the 2010 top 100 most profitable companies in France that achieved a sales figure of more than 10 million euros. Of course, being on the 90th place out of 100, we could aim for a higher position… but taking everything into account, 230 companies met the competition criteria and there are probably several thousand which didn’t achieve the minimum thresholds to participate (namely a sales figure of at least 10 million euros, a minimum growth of 20% over the last 5 years and positive profitability for the last fiscal period). Obviously, there are already fewer companies behind the gates. This result, among the 3 million French companies, honours Pentalog employees and their efforts. It enables me to join the prestigious academy of entrepreneurs consisting of all the entrepreneurs who, one day, had the pleasure of entering the annual top 100.
But above all, this crowns an incredible year 2009-2010 for Pentalog in terms of recognition. For, if we are “only” on the 90th place in France, we have also distinguished ourselves in two other important competitions. Being ranked among the first 500 European technology companies (Deloitte Fast 500), in the French TOP100 and receiving the silver medal at the French contest for company strategy is like winning the combined ski race or the decathlon in athletics. The first takes into account growth over 5 years, in a sector that is growing quite naturally, at European level, the second focuses on profitability (90th place in France) while the last evaluates strategy and establishes a link between the past, the present and the future.
For both shareholders and employees, these are important elements of recognition and we are all happy about the positive consequences that they will have in the media and the professional circles. Therefore, it is a lot easier for us to prove that we have reached our 5-year objectives by becoming the European nearshore leader, in addition to having become the French leader.
The year 2010 strengthens Pentalog’s progress, with higher profitability that is undoubtedly still to come. Growth will be lower than in 2009, but should still come close to, if not exceed 30%. We could, therefore, compete again with good chances of success