Luxembourg, November 16, 2015 – A consortium led by INTRASOFT International has been awarded a Framework contract of an announced value between 3 and 5 million EUR by the European Investment Bank (EIB) for the provision of IT services in relation to the maintenance, support, and development of databases (Lot 7), highlighting INTRASOFT International's prominent position as a provider of IT Services to European Institutions and Member States.

The projected revenue for INTRASOFT International under this Framework is estimated at around 2.2 million EUR. The consortium also includes Atos and Engineering Ingegneria Informatica. The duration of the contract is 4 years.

In addition, the same consortium led by INTRASOFT International is among the five selected suppliers that were awarded a multiple Framework agreement with EIB under Lot 6. Lot 6 covers services related to the maintenance, support and development of the EIB's specific (in-house) applications. The consortium will participate in mini-tenders under a parallel award mechanism for the respective Lot. The total announced value of Lot 6 is between 12 and 22 million EUR.

The European Investment Bank is the European Union's Bank, which is jointly owned by and representing the interests of the EU Member States, while working closely with other EU institutions to implement EU policy.

Mr. Alexandros Manos, CEO of INTRASOFT International commented: “We are honoured to have had a successful cooperation with the European Investment Bank for over 10 years. We are especially pleased with this new award as we are expanding our cooperation with EIB beyond software development to provide support for a new activity. This new project aligns with our corporate strategy of maintaining our leading position in the EU Institutions market, while at the same time enhancing our offering to expand to new activities or technological areas.”

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About the European Investment Bank (EIB)

EIB is the European Union's Bank, which is jointly owned by and representing the interests of the European Union Member States, while working closely with other EU institutions to implement EU policy. http://www.eib.org/

About INTRASOFT International

INTRASOFT International is a leading European IT Solutions and Services Group with strong international presence, offering innovative and added-value solutions of the highest quality to a wide range of international and national public and private organisations. The company employs more than 1,600 highly-skilled professionals, representing over 20 different nationalities and mastering more than 18 languages. With headquarters in Luxembourg, INTRASOFT International operates through its operational branches, subsidiaries and offices in 19 countries: Belgium, Bulgaria, Denmark, Cyprus, Greece, Iraq, Jordan, Kenya, Moldova, Morocco, Romania, Palestine, Philippines, Saudi Arabia, UK, UAE, USA and Yemen. More than 500 organizations in over 70 countries worldwide (Institutions and Agencies of the European Union, National Government Organizations, Public Agencies, Financial Institutions, Telecommunication Organizations, and Private Enterprises) have chosen the company's services and solutions to fulfil their business needs. http://www.intrasoft-intl.com/

Information for Press only

Kalliopi CHIOTI, Communications & CSR Manager, INTRASOFT International

Tel. +352 4410122178 & +30 6951 008800

E-mail: Kalliopi.Chioti@intrasoft-intl.com