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OPEN IT OÜ: Snooze Story

OPEN IT OÜ, from Harju County, was registered 11 years ago, during he boom years. The newborn venture did not utter a sound and is still fast asleep to this day, lying dormant in the portfolio of Urmas Rehkalt.

There are in all 79 559 such "Sleeping Beauties" in Estonia today (altogether 28.1% of all registered companies). There are 12 366 snoozers in the sector, making up 28.3% of the sector. The snoring is deafening. Within the sector, in the same EMTAK field "Arvutite, arvuti välisseadmete ja tarkvara hulgimüük", 55 companies have been set up only to collect dust on a shelf (17.1% of the field).

If on average Estonian companies are active for up to 8 years, then whether hibernating or awake, OPEN IT OÜ is old and grey.

The company was set up by Urmas Rehkalt and a seat on the board was taken up by mees Urmas Rehkalt, in his/her midlife at 42 years old (b. 28.05.1977). Urmas Rehkalt had considerable experience under the belt and could have put his/her 10 years of management experience gained at 4 to use here. Before taking the wheel at OPEN IT OÜ, he/she had headed GARONNE OÜ. But he/she could not or would not force the company to get cracking and is still waiting for the company to magically resurrect. OPEN IT OÜ has not seen any other Prince(ss) Board Members come to the rescue, and evidently a kiss was not enough to break the spell, as the Sleeping Beauty has not stirred.

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