Knowledge has been often crucial for an organization in order to maintain a competitive advantage and it’s a fact that has been wellknown and established. Nowadays knowledge has become more and more important, one factor being that the organizations are no longer restricted to local operations. This now means that knowledge from an original location needs to be transferred onto the new ones, employees must be trained and prepared, systems and processes must be kept up to the original standard and, of course, progress must be unhindered by all of this. In this new context, knowledge is increasingly seen as an important asset and valuable resource for the organization, often making the difference between the success and the failure of a company. Knowledge management is now seen as a strategic initiative and is being considered the key to creating opportunities for companies, businesses and organizations that aim to use their knowledge resources in order to maintain themselves competitive and in order to conduct business in an era of information technology. The reason for this is that companies now operate in a global market, meaning that the competition is always present and the most important, is evolving faster than ever. This research study and its future results will provide an insight into the knowledge environment of an IT company, the overall state of it and the opinions of the ones involved. IT is a very competitive market where technologies evolve at an astounding rate, where keeping an edge means always coming up with new solutions for new and existing problems, providing qualitative work in the scope of keeping and attracting customers and, of course, creating new knowledge and information that is aimed at helping the individuals within the organization and the company itself.