QPR Software
QPR SOFTWARE TRANSFERS RUSSIAN SUPPORT FUNCTIONS TO HELSINKI
QPR Software 10.09.2014 16:00 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- QPR SOFTWARE PLC STOCK EXCHANGE RELEASE 10 SEPTEMBER, 2014 AT 5.00 P.M. QPR SOFTWARE TRANSFERS RUSSIAN SUPPORT FUNCTIONS TO HELSINKI QPR Software plans to transfer its Russian customer and reseller support functions from Moscow to Helsinki. QPR's reseller support is centrally delivered also to other countries from Helsinki. Net sales from Russia is approximately 2 per cent of QPR Software's group net sales. The transfer is expected to reduce costs slightly, but its impact on financial results is not significant. QPR Software estimates that the transfer takes place in the beginning of next year. When realized, it will lead to redundancies of current jobs in Moscow. At the moment, QPR's Moscow office employs 3 people. The planned transfer of QPR Software Russian customer and reseller support functions will have no impact to the existing customer and other agreements in Russia. QPR SOFTWARE PLC Jari Jaakkola CEO For additional information, please contact Maija Erkheikki, Vice President, Channel sales and Russian business maija.erkheikki(at)qpr.com Tel: +358 40 5933 644 DISTRIBUTION: NASDAQ OMX Helsinki Ltd Main media www.qpr.com News Source: NASDAQ OMX 10.09.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: QPR Software Finland Phone: Fax: E-mail: Internet: ISIN: FI0009008668 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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