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February 18, 1993


By CBR Staff Writer

IBSI Groupe SA, one of France’s top 25 software and systems integration companies, reported that its 1992 revenues increased 30% over 1991 to the equivalent of $107m, on which it made net profit of $2.1m. The company estimates that net profit will reach $6.3m in 1995. Claude Jeanne, IBSI’s chief executive, who has been appointed to lead a new directorate to replace the existing board of directors, said in a report in Les Echos that the company’s three-year plan does not exclude the possibility of acquisitions, particularly abroad. He added, however, that no specific plans have yet been made. IBSI is already present in Switzerland, Germany and the UK, and aims to do 30% of its 1993 business outside of France, compared with 12.5% in 1992. IBSI has also decided to inaugurate an employee shareholding plan, which would enable the staff to control between 15% and 20% of its $30m equity by the end of the year. The capital is currently held by IBSI founder Ivan Bouchoux, 95%,and 5% by Credit Lyonnais and Lyonnaise de Banque.

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