Trifork Completes Acquisition of the Software Company Orange 11
AARHUS, Denmark, Oct. 31, 2012 (GLOBE NEWSWIRE) -- Trifork A/S today has completed the acquisition of the Dutch software company Orange11, and this company will now operate as of immediate effect under the name Trifork Amsterdam. The acquisition was announced in company announcement no. 9/2012,
The teams are no strangers to one another; since 2010 the companies have been working together on the high-end developers conference GOTO Amsterdam. Based on this successful partnership and the synergies in their long-term strategic objectives, this acquisition opens up the door to new opportunities.
"The Netherlands is an important market for us and with this significant acquisition we strengthen our existing international presence even further. The highly competent team in Amsterdam has a great track record, a good reputation and is the perfect way in which to expand our business further", says Joern Larsen, CEO of Trifork A/S.
"We are all very excited and look forward to offering our customers even more new insights and solutions from being a part of a larger international group of technology experts ", says Jeroen Speekenbrink, CEO a.i Trifork Amsterdam. Steven Schuurman, former CEO and owner, continues "The customers will benefit from the technology and solutions from Trifork, while the team will be able to expand its horizon".
The content of this announcement will have no influence on the previously announced expectations for Trifork in 2012. Trifork expects for 2012 a total revenue of DKKm 230 and an EBITDA-result of DKKm 36.
Trifork was founded in 1996 and is listed on NASDAQ OMX in Copenhagen. It is an innovative software development company focusing on Mobile, Agile and Cloud. It develops and delivers business critical IT systems for several sectors including finance, healthcare, government, manufacturing and telecom. Trifork employs 180 people in 8 offices in Aarhus, London, Copenhagen, Zurich, Amsterdam, Krakow, Stockholm and San Francisco. At the end of 2011 Trifork had a market value at almost DKKm 256 / EUR 34M, with a turnover of DKKm 175 / EUR 23M.
Board of directors, Trifork A/S
DK-8000 Aarhus C, Denmark
Phone: +45 8732 8787
Fax: +45 8732 8788
CEO, Joern Larsen
Direct: +41 79 430 9697