The S&T group of enterprises is an IT consulting, products and services provider with its head office in Linz, Austria. Company history S&T was founded by Thomas Streimelweger and Karl Tantscher in 1993. The company started up in Slovakia, Bulgaria and Ukraine and other branches were established over the next few years in Romania, Moldova and Yugoslavia. In the early years, S&T specialized in the sale of IT computer hardware and software, as a distributor for Hewlett Packard but they turned their focus to IT consulting and services in 2000. S&T's initial public offering took place on the EASDAQ (now NASDAQ Europe) in 1998. Following on from this, the company grew by setting up branches and through the acquisition of other companies. In 1999, for example, S&T expanded its presence into Slovenia, Croatia, Bosnia-Herzegovina and Macedonia by purchasing Hermes Plus. Not long afterwards, the branch in Slovenia was merged with the acquired e-business company ICOS. S&T also set up a branch in Hungary that same year. From 1999, S&T became involved with the sale of medical products and is Philips’ exclusive distribution partner for medical products in Bulgaria, Croatia, the Czech Republic, Moldova, Romania and Slovakia. To break into this sector, the company purchased HP's medical products business unit. Medical Systems Business, as it was called at the time, was taken over by Agilent Technologies when HP split into two companies in 1999. In 2002, Agilent sold the medical business unit to Philips. The two smallest business units in this sector (Chemical Analysis and Electronic Testing and Measuring Systems) were sold again one year later. The company gained a branch in the Ukraine with the acquisition of Soft-Tronik in 2000, and acquired one in Poland by purchasing Largo Systems. S&T founded S&T International in Russia in the same year. In 2001, S&T bought Aster in Slovenia, INNET in Hungary, Neos Computer in the Czech Republic and Netway Computer Systems in Romania. In 2002, they expanded further into Latvia and Montenegro and also into Turkey with the takeover of Protek. Epsilon in Croatia and Atlantis in Slovenia were taken over in 2003, as were Fujitsu Services branches in six countries. S&T moved from the EASDAQ to the Vienna Stock Exchange in the same year. The purchase of ITS Intertrade Sistemi d.o.o. in Slovenia took place in 2004, InfoNET Project d.o.o. in Croatia in 2005 and 2006 saw a total of four