Twitter Weekly Updates von Haller Ventures

Udgivet den 13/05/2012 af Martin von Haller Grønbæk

Powered by Twitter Tools

Tagget | Skriv en kommentar

Danish TRAEN acquired by Swedish Formpipe

Udgivet den 08/05/2012 af Martin von Haller Grønbæk

 

7 May 2012 it was announced that Formpipe, a listed Swedish company, signed a binding agreement with DKA Capital to acquire TRAEN, a Danish IT businesses developing and implementing digitalisation solutions for the public sector

According to the firms’ announcement, the transaction makes Formpipe a leading Nordic player in the Enterprise Content Management (ECM) segment. Formpipe plans to use TRAEN’s expertise and standard systems in a major Nordic expansion drive, while also growing its position in the Danish market.

Founded in 1998, TRAEN provides digital solutions to more than 20 Danish ministries and government agencies as well as 40 municipalities and regional authorities. TRAEN’s solutions are used by about 50,000 employees in the public sector and by 500,000 citizens and businesses using digital self-service and are also used to process around DKK 20 billion in public grants
annually.

The parties have agreed on a price for TRAEN of DKK 252 million, reflecting an EBITDA in 2011 of DKK 38.7 million. The selling price gives DKA Capital about a 5x return on investment over a period of a little more than three years since acquiring TRAEN in early 2009.

Enhanced by Zemanta
Udgivet i English, StartUp | Tagget , , , , , , | Skriv en kommentar

Twitter Weekly Updates von Haller Ventures

Udgivet den 06/05/2012 af Martin von Haller Grønbæk

Powered by Twitter Tools

Tagget | Skriv en kommentar

Archify funded by Balderton

Udgivet den 04/05/2012 af Martin von Haller Grønbæk
EgoArchive soon Archifier founders from Startu...

EgoArchive soon Archifier founders from Startupbootcamp 2011 in Copenhagen (Photo credit: groenbaek)

Archify, which was founded in Vienna and is moving its headquarters to Berlin, just announced that it has raised a seed round of undisclosed size from Balderton Capital.

Archify, then EgoArchive,  took part of Startupbootcamp 2011 in Copenhagen and I had the pleasure of doing a little bit of mentoring and legal advising. Congratulations to Max, Gerald and the rest of the team.

Related articles
Enhanced by Zemanta
Udgivet i English, StartUp | Tagget , , , , | En kommentar

Careitec acquires JyskPC

Udgivet den 01/05/2012 af Martin von Haller Grønbæk

Careitec logo

Careitec A/S, a Danish IT-service company with offices in Horsens, Aalborg and Copenhagen has announced (in Danish) that as of 1 May 2012 it has acquired  JyskPC A/S, a smaller Danish supplier of IT-solutions to SMEs also based in Horsens.

Former co-owner and director of JyskPC, Torben Nielsen Angles, will stay on at Careitec in charge of commercial and technical integration of the approx. 100 JyskPC customers into the Careitec set-up.

The acquisition seem to be only the latest sign in a continuing consolidation of suppliers of Microsoft based solutions to Danish SMEs, a market that is becoming increasingly competitive due both the advent of cloud based solution and open source alternatives.

Udgivet i Danish, StartUp | Tagget , , , | Skriv en kommentar

JustEat raises another 64 million USD

Udgivet den 30/04/2012 af Martin von Haller Grønbæk

Just-Eat, an European online food delivery service, with Danish origins announced 30 April 2012 that it had raised additional $64 million round of funding. Just-Eat acts as the middleman for restaurants and helps them take orders online. Its third round of financing  is led by the private equity group Vitruvian Partners (OpenBet, Unicom) , along with follow-ons from existing investors including Index, Greylock and Redpoint.

Danish CEO, Klaus Nyengaard, has stated in a blog post that the new money will be used to expand its business in new market: “But there are so many growth opportunities out there in terms of new countries, consolidation/M&A opportunities, new technologies etc. so it makes a lot of sense to have a very strong balance sheet so we can move fast if the right opportunity arises.”

(Disclosure: Just-Eat Denmark is a BvHD law firm client)

 

Udgivet i English, StartUp | Tagget , , , , , , | Skriv en kommentar

Twitter Weekly Updates von Haller Ventures

Udgivet den 29/04/2012 af Martin von Haller Grønbæk

Powered by Twitter Tools

Tagget | Skriv en kommentar