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Abstract
"Through the acquisitions of Planit Fusion and Icovia we further consolidated our leadership position in the interior design industry," said Jean Mignault, Co-Chairman of the Board and CEO. "Our revenues also continued to increase, particularly in Europe, as we are steadily gaining market share. We believe that through their integration and the ongoing introduction of existing products in new markets, together with the sales of complementary products, we are well positioned to benefit from our global footprint."
"Following the acquisition of Planit Fusion and our software integration and localization efforts accomplished to date, our focus in product management and marketing is on launching products from our comprehensive portfolio in geographical markets where we can leverage our position in other components of our end-to-end solution and to sell our add-on products to our existing customer base. We also plan to expand our activities into adjacent markets in order to increase our license sales," said Mr. Mignault. "This will not only contribute to our organic growth but also progressively improve our gross margins over the coming quarters."
"In Europe, we will leverage an expanded catalog library to gain additional market share, and we will also propose to our newly acquired installed base additional point-of-sales and much needed web-based solutions," said Mr. [Jean-Francois Grou]. "We will also pursue our efforts to enter the office furniture segment and develop the market for our web and manufacturing applications. In Benelux, Austria, Germany, Switzerland and Spain, we will team up with the highly successful distributors of Planit Fusion to fully exploit the opportunities in their respective markets with our extensive product portfolio, including our continued expansion in eastern European countries."