Pouliadis Associates Corporation
Encyclopedia
Pouliadis Associates Corporation (Pouliadis kai Synergates AEBE, Πουλιάδης και Συνεργάτες ΑΕΒΕ) is an information technology
Information technology
Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...

 company
Company
A company is a form of business organization. It is an association or collection of individual real persons and/or other companies, who each provide some form of capital. This group has a common purpose or focus and an aim of gaining profits. This collection, group or association of persons can be...

 in Greece
Greece
Greece , officially the Hellenic Republic , and historically Hellas or the Republic of Greece in English, is a country in southeastern Europe....

, once one of the largest in the country but now it faces serious financial turbulence. Its founder was Thanasis Pouliadis
Thanasis Pouliadis
Thanasis Pouliadis was an entrepreneur and founder of the Pouliadis Associates Corporation, which was once one of the largest information technology firms in Greece.The son of a physician, he attended the Harvard Business School's MBA program...

.

The company was once supporting the Greek language
Greek language
Greek is an independent branch of the Indo-European family of languages. Native to the southern Balkans, it has the longest documented history of any Indo-European language, spanning 34 centuries of written records. Its writing system has been the Greek alphabet for the majority of its history;...

 in Microsoft Windows 3.1 and 3.11, and was importing and selling products of IBM
IBM
International Business Machines Corporation or IBM is an American multinational technology and consulting corporation headquartered in Armonk, New York, United States. IBM manufactures and sells computer hardware and software, and it offers infrastructure, hosting and consulting services in areas...

 and other companies. Today it has some revenue
Revenue
In business, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. In many countries, such as the United Kingdom, revenue is referred to as turnover....

 from support
Technical support
Technical support or tech support refers to a range of services by which enterprises provide assistance to users of technology products such as mobile phones, televisions, computers, software products or other electronic or mechanical goods...

 contracts.

The company is a shareholder
Shareholder
A shareholder or stockholder is an individual or institution that legally owns one or more shares of stock in a public or private corporation. Shareholders own the stock, but not the corporation itself ....

 of a major IT company in Turkey
Turkey
Turkey , known officially as the Republic of Turkey , is a Eurasian country located in Western Asia and in East Thrace in Southeastern Europe...

, as well as another IT firm in Greece. Its main creditors are Alpha Bank
Alpha Bank
Alpha Bank is the second largest bank in Greece with 450 branches throughout the country. It also has a subsidiary and branch in London, and branches and subsidiaries throughout the Balkans . Founded in 1879, it has been controlled by the Costopoulos family since the very beginning...

, Marfin, Eurobank EFG, and National Bank of Greece
National Bank of Greece
The National Bank of Greece is the oldest and largest commercial banking group in Greece. The group has a particularly strong presence in Southeastern Europe and the Eastern Mediterranean...

, and the company has now reached an agreement for a new 2 million euro
Euro
The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...

loan from the banks to allow it to maintain its activities during its recent economic problems.
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