French systems integrator Unilog SA reported 1997 revenues up 30%, to the equivalent of $192m, while net profit jumped 40%, to $9.25m. Unilog, whose revenues outside of acquisitions grew 20%, benefited directly from demand for help in upgrading systems for the year 2000 and the euro, and from a new willingness among French companies to invest in IT, it said. In 1997, the company finished integrating the two companies it acquired in 1996 – Alcatel TITN Answare and Sinorg, and increased its net cash flow from $33.8m to $39.8m. This year, the company said, will show even more favorable growth, as it pursues a European expansion. In February, Unilog took a 20% stake in German company VSS. Unilog upped its stake to 40% two months later. And in April, the company announced its intention to take a 40% stake in another German company, Integrata.
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