IST chosen by COSMOTE for innovative Google Glass implementation solutions

PRESS RELEASE

 

IST CHOSEN BY COSMOTE FOR INNOVATIVE GOOGLE GLASS IMPLEMENTATION SOLUTIONS

Pilot Google Glass implementation project already under development by the Greek Software Developer

 

Athens, Greece, September 25, 2014

IST – International Software Techniques S.A. has been recently chosen by COSMOTE S.A., member of the OTE Group, leading Telecommunications provider based in Greece, for implementing an innovative Google Glass-based solution for the company’s Business Continuity Management (BCM) division. Hence IST, a Greek private software company based in Athens, Greece, becomes one of the first Independent Software Vendors on a worldwide level to offer Google Glass-based solutions for a major telecom operator.

IST’s Google Glass-based solution for COSMOTE’s Business Continuity offers Glass’s unique ability to display information in a smartphone-like, hands-free format; the capacity to communicate via voice commands; and the possibility to securely broadcast and record critical activities.

Preliminary plans are to utilize them in the company’s BCM by integrating the devices with the BCM System (a pioneering web-based software service) that IST has already developed and delivered to COSMOTE. Additional pairs of Google Glass will be acquired and deployed in the coming months, when the integration between the Glass technology and the BCM System is completed.

“Our partnership with COSMOTE in radically new technologies demonstrates our continued commitment to deliver the applications, services and solutions that the company needs. Moreover, we are thrilled to be involved with such cutting-edge technologies and devices that will undoubtedly be tightly integrated with sophisticated enterprise-level software solutions in the near future”, said Thanos Prinjos, CEO, IST.

The effort to implement Google Glass-based solutions has already started with a number of Google Glass devices that are already under testing. Despite still being in an open-beta state, Google Glass is becoming extremely popular in a large number of diverse industries, from healthcare to firefighting and rescue services.

 

About IST – International Software Techniques S.A.

IST is a private company of Greek interests, established in 1991. IST constitutes one of the most versatile and agile software development companies in the Greek market. The company is headquartered in Athens, Greece. IST currently functions as both an Independent Software Vendor (ISV) and as a Value-Added Reseller (VAR) for third-party software products & services. IST offers a unique portfolio of enterprise-level software solutions based on best practices, the most sought-after business needs and the latest technology standards.

IST services are accredited by the Lloyd’s Registry Quality Assurance according to the ISO 9001:2008 Quality Management System, the ISO 14001:2004 Environmental Management System and the ISO 27001:2005 Information Security Management System. Moreover, IST has strong ties with the Academic community, having participated in a number of joint projects with established Academic Institutions. The company is also actively pursuing grants through Greek and European funded research projects.

For more information regarding the company, please visit: www.ist.com.gr

 

About OTE Group

Hellenic Telecommunications Organization (OTE S.A.) is the largest telecommunications provider in the Greek market, and, together with its subsidiaries, forms one of the leading telecom groups in Southeastern Europe. It is among the five largest listed companies, with respect to capitalization, in the Athens Stock Exchange and is also listed in the London Stock Exchange (LSE). COSMOTE, OTE Group’s mobile arm is market leader in Greece, and one of the best performing mobile operators in Europe. The Group offers a full range of products and services, from fixed & mobile telephony to pay TV & broadband services, high-speed data communications and leased lines. With more than €2 billion investments in infrastructure in the past 5 years and with a plan in place for €1.2 billion mainly for new generation networks during the 4 coming years, it is one of the biggest investors in Greece.

The Group’s economic performance indicates strength despite the adverse financial conditions in the countries it operates. According to IFRS, OTE Group Revenues in 2013 amounted to €4,054.1 mil., with Group EBITDA reaching €1,456.3 mil. During the past years, OTE has led an ambitious debt reduction plan, resulting in cutting down the Group’s net debt by more than 65% in the 2010-1013 period, to less than 1.5 billion euro.

Group companies employ about 22,000 people. OTE’s vision is to offer high quality and fully integrated services, in order to remain customers’ first choice, while being recognized as a responsible corporate citizen delivering value to all its stakeholders across Greece and SE Europe.

 

Media Contact:

Konstantinos Madias

+30.210.7488678

kmadias@ist.com.gr