Pentalog will record a 25% minimum organic growth in the Q4.

As expected the fourth quarter of 2009 stalled in terms of pace but accelerated in October, with a number of new signatures which had an immediate impact in terms of sales. The previous estimated growth for the fourth quarter was moving in the range of 10 to 15 points.

In the last two weeks of October, Pentalog has registered € 4M in orders, composed of approximately one quarter of new biz and 75% extensions or renewals. In France, the new signatures were with Anevia in the sector of video on demand and Look Voyages in the tourism industry. A test is also underway with a very prestigious Swiss company.

In Romania, the orders of People Centric (a close partner with the Pentalog Group, based in Bucharest) has increased, while the company Arcforce, in the interim, chose Pentalog to host its infrastructure.

With regard to renewals and extensions, they concern Altadis Imperial Tobacco in France, which should become our second largest group customer this year, LHS Ericsson in Germany has renewed its confidence and extended its collaboration, requiring the participation of nearly 20 new Pentalog employees. Our client NordNet (Orange group), signed in the early 3Q 2009 confirming and also extending its orders. No new defections or reduced budgets have been recorded during this quarter. The final figure, and with the accumulated growth of 2009, is expected to be around 50%, the final figures will be available in late January 2010.

The foundation is now set for the beginning of 2010 and it is in net progression. After long consideration that the growth of Q1 and Q2 of 2010 would be spread out, it is now more likely that it will end with a positive change, well into the double figures. The Vietnam site, with over 40 employees, now represents 4% of the group’s production, or 16.6% of Pentalog’s growth in the Q4.