Croatian post acquires a strategic IT company

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DTB congratulates Croatian Post (HP) which has acquired 100 % ownership interest in MIPS, a regional leader in the segment of postal business automation system development, consulting and support, which has been servicing the operations of HP since 1995. MIPS, which closed the previous year with a profit, will continue operating as HP’s subsidiary. MIPS currently employs 20 IT experts to whom HP will shortly add almost as many additional IT experts. Other than HP, MIPS has another important client, Croatian Post Ltd. Mostar in Bosnia and Herzegovina (in which HP holds 6.95% of shares). This strategic move is aimed at strengthening HP's leading position on the Croatian market by streamlining its business automation system.