AMSTERDAM, The Netherlands, November 2012. Leading Danish software development company, Trifork A/S has completed the acquisition of Dutch software company Orange11 (the former JTeam), and will operate as of immediate effect under the name Trifork Amsterdam.
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 and a very good reputation and is the perfect match to grow our business further" says Jørn 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 7 offices in Aarhus, London, Copenhagen, Zürich, Krakow, Stockholm and San Francisco. At the end of 2011 Trifork had a market value of almost DKKm 256 / EUR 34M, with a turnover of DKKm 175 / EUR 23M.
About Trifork Amsterdam
Founded in 2002 as JTeam and formerly known as Orange11, Trifork Amsterdam is a leading full service supplier of high-quality custom-built applications for organizations primarily in the Education & Research, Government & Non-Profit and Profit sectors.
Within these areas of expertise Trifork Amsterdam drives software innovation and specializes in Big Data & Search, Mobile, Custom Solutions, Knowledge (Conferences) and CMS (Content Management Systems). Currently Trifork Amsterdam employs 60 people and has grown significantly, closing in on a growth rate of almost 400% over a three-year period.
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