INTRACOM TELECOM derives from the former "INTRACOM S.A. HELLENIC TELECOMMUNICATIONS AND ELECTRONICS INDUSTRY", established in 1977. In December 2005 INTRACOM S.A. was transformed to a holding company and three new subsidiaries were established: INTRACOM TELECOM, INTRACOM DEFENSE ELECTRONICS and INTRACOM IT SERVICES.
INTRACOM's history and development since its establishment in 1977:
The company, starting its operations in a small building in Argiroupoli, a suburb of Athens, designs and develops products and systems for specialised telecommunications applications.
INTRACOM transfers its head offices to Peania, a town near Athens, strategically investing in the development of a high-tech infrastructure for the research, development, and manufacturing of state-of-the-art telecommunications products. At the same time, it intensifies its efforts to participate in the digitalisation of Greece's national telecommunications network.
INTRACOM qualifies to participate in the upgrading of Greece's national telecommunications network, immediately after the government's decision that Greece will adopt two types of digital network switching technology. For this purpose, INTRACOM collaborates with Ericsson, the Swedish telecommunications manufacturer. Most of the deployed systems are developed and manufactured in Greece by Greek engineers.
The company evolves into a large industrial unit capable of mass production, and its research activities are focused in advanced telecommunications and information technology fields. In 1987 INTRASOFT, a subsidiary specialised in the provision of integrated solutions and services and in the implementation of large-scale IT projects, is established in Athens. Within 13 successful years, IDC ranks INTRASOFT among the top 100 European IT Service Providers.
INTRACOM becomes the largest Greek telecommunications and information systems provider. In 1990 INTRACOM is listed on the Athens Stock Exchange. INTRACOM signs significant agreements in Greece in the telecommunications sector and prepares the ground for its expansion into the international market.
In 1996 INTRASOFT International, a subsidiary specialised in providing IT services to European Union institutions, is established in Luxembourg. Within nine years of successful operation, INTRASOFT International is positioned among the leading IT service providers to EU government institutions.
INTRACOM undergoes major organisational restructuring and initiates a new development and business strategy. The company refocuses on the provision of integrated solutions and services in the broader geographic regions of Central and Southeast Europe, the Middle East, and North Africa, which together constitute one of the fastest growing emerging markets worldwide. INTRACOM addresses customers in the fields of telecommunications, government, banking and enterprise, and defence.
INTRACOM, aligned with its new strategy to develop a more flexible and effective organisational structure, transforms to a holdings company (under the title "INTRACOM HOLDINGS") by establishing three new subsidiaries under its control: INTRACOM TELECOM (telecommunications solutions), INTRACOM DEFENSE ELECTRONICS (defense electronic systems) and INTRACOM IT SERVICES (IT solutions and services). In January 2006, INTRACOM HOLDINGS acquires a 100% stake in Hellas-On-Line, one of the largest telecommunications services operators and ISPs in Greece.
In June 2006, JSC SITRONICS, the technology arm of JSFC SISTEMA, acquires a 51% stake in INTRACOM TELECOM.
In March 2012, JSC SITRONICS sells a 3% stake in INTRACOM TELECOM to RYDRA TRADING COMPANY. JSC SITRONICS maintains a 48% stake in INTRACOM TELECOM