Columbus confirms that it has initiated a structured sales process in relation to To-Increase
Release no. 16/2020
Columbus has received information that – despite of confidentiality restrictions in place - there has been a leakage of information to the press. Columbus confirms that as part of Columbus’ new strategic direction to become a global consultancy, Columbus has initiated a process to explore the possibility of divesting the software subsidiary To-Increase.
First step in Columbus’ strategic direction
As part of conducting a strategic review and portfolio review, the Board of Directors has decided to initiate a structured sales process to explore the possibility of divesting the software company
Seen in the light of Columbus’ strategic direction of becoming a more focused and simplified operation with increased customer centricity and a more digital advisory approach, Columbus is exploring the opportunities to identify a buyer of To-Increase with a more aligned strategy and in a better position to realize the full potential of To-Increase.
In addition of ensuring a good price and satisfactory terms of sale, the Board of Directors is determined to try to find a buyer of To-Increase who will be able to maximise value creation and positioning To-Increase for long-term growth.
Global leader in SaaS Azure
To-Increase is a Global SaaS Leader in Azure business applications with a highly scalable business model utilizing a global distribution channel to drive organic growth.
The organization realized 15 years of growth, with a strong percentage of recurring revenue, and a customer retention of 94%.
Columbus is committed to support and resell To-Increase Software as a strategic A-Partner.
Strategy announcement 12 November 2020
Columbus’ Board of Directors expects to have finalized its strategic review enabling it to announce the Company’s new strategy on 12 November 2020.
|Hans Henrik Thrane|
Interim CEO & Corporate CFO
|For further information, please contact:|
Interim CEO & Corporate CFO Hans Henrik Thrane, T: +45 70 20 50 00.