Fornax Rt., Budapest

The Company, which at the beginning provided IT support for trading systems of the Hungarian Stock Exchange, was transformed into a shareholding company in December 1991. At that time Fornax Co. was the only firm in Hungary supplying official real-time data of the stock exchange. By the late 90''s Fornax acquired a dominant position in the telecommunication IT market of the region. The inital leading role of the development of custom-built software gave way to services in the in the field of system integration and consultancy. In the year 2000 Intracom became the majority shareholder of the company, so the operation of the company also became transparent for stock market investors. Following the turn of the millennium Fornax has built out a significant international presence primarily in Croatia and other neighbouring countries, but thanks to its consultancy branch the company was also successful in Western Europe.