S&T System Integration & Technology Distribution AG has installed an IT system worth EUR 2 million for the Czech Ministry for Regional Development. Until the end of 2006, the system will administer some EUR 3 billion from EU structural funds. The current follow-up order for the next five years is worth an additional EUR 1.5 million.
The European Union requires a highly developed computerised database system to administer and release the considerable volume of money from its structural funds. To this end, each member state must install a modern electronic monitoring system, which in addition to conforming to EU standards, must also meet country specific requirements such as legislation and language.
S&T has successfully installed this system for the Czech Ministry for Regional Development - order value EUR 2 million - and due to the excellent performance of the system and S&T's many years of experience the company has been awarded a follow-up order worth EUR 1.5 million. This contract includes training some 250 ministry employees, system maintenance and adjustments over the next five years.
S&T was able to win this order in the face of strong international competition and will now be able to put its knowledge to profitable use in similar projects in future EU states such as