Prime Investment, one of the leading investment banking companies in the Baltics, has issued semiannual report Baltic ICT Market News. It is a semi-annual review of recent corporate developments in the sector of information technology, telecommunications and Internet access in the Baltic States. The report provides proprietary ratings of the leading Baltic IT service companies.

According to data analysed by Prime Investment, the income of IT companies rated in Prime TOP-20 grew by 12% in 2008. This indicates a decrease of growth by one third. Despite this fact Alna Group improved the position on the list and moved from the third to the second position on the Prime TOP-20 Baltic IT services companies in 2008. It exhibited an impressive 21.8% growth and reached 20,021 M EUR in IT services revenue. Company grew from new services as well as increased revenue in export markets, mainly in Poland. Last year, Alna Group total revenue increased by 12, 6 % and totaled EUR 29 million.

The ratings that are being compiled since 2001 are based on revenues from in-house developed IT services and value-adding efficiency. The ranking does not include any sales of hardware, distribution of software other than developed in-house, office equipment or other products.