Broad Horizon acquires Danish IT company Delegate (Broadhorizon)
Broad Horizon, one of the larger Dutch data, business applications, managed hosting, and cloud companies has acquired Danish IT company Delegate to enter the Scandinavian market. Over the years, Delegate has shown a great ability to recruit, develop, and retain talented employees in a highly competitive market. With the acquisition, the Broad Horizon portfolio has been strengthened with even more business application services and knowledge.
Broad Horizon has actively searched for acquisition opportunities in the Scandinavian region and especially Denmark and Delegate’s portfolio turned out to be the best fit into Broad Horizons’ M&A strategy focused on data & AI, business applications, and managed services. Delegate is a major player on Microsoft O365, Microsoft D365, Azure, and IoT in Denmark and will play an important role in Broad Horizons’ ambition to grow in the Nordic region.
The financial terms of the deal were not disclosed.
Kahoot! acquires Danish tech start-up for up to EUR 28m (Kahoot)
Kahoot!, the Norwegian learning platform company, has announced the acquisition of Actimo, a Danish tech start-up providing an employee engagement platform that empowers organizations to more efficiently build corporate culture with better communication, training, and interaction with the workforce. Kahoot! is acquiring 100% of the shares in Actimo ApS for a total consideration reflecting an enterprise value of EUR 22-28m on a cash and debt-free basis, to be settled in a combination of cash and shares, including a performance-based element. Completion of the transaction is subject to customary conditions and the transaction is expected to be completed in October 2020. Further details regarding the transaction will be presented in Kahoot!’s Q3 report.
The acquisition of Actimo is a part of the strategy to strengthen the Kahoot! at work offering with employee tools to further enable all organizations to build their corporate culture. Actimo enhances Kahoot!’s corporate learning and engagement tools by combining the features of employee engagement from the Actimo platform with the learning approach, scale and reach of Kahoot!
Conscia announced a new strategic acquisition in Denmark acquiring Net IT (Conscia)
Conscia, the expert in IT infrastructure and security solutions, has acquired the Danish IT consulting company and VMware partner, Net IT. A week ago, Conscia entered into a purchase agreement with the cybersecurity company Credocom and this week the acquisition of consulting company Net IT, was announced. By adding more specialized VMware competencies, Conscia segments its position even more in core deliveries to the network, the data center, and the mobile endpoints, just as Conscia’s security solutions are strengthened.
Net IT is Denmark’s only consulting company with a 100% focus on VMware, which provides quality solutions to larger and smaller companies in Denmark and abroad. Net IT’s employees are the leading experts in Denmark and the Nordic countries on VMware, and therefore they have a special focus on virtualization solutions within server, network, desktop, and application. The team will become an integral part of Conscia and move in as soon as possible.
Keepit, the Danish SaaS data protection provider, secures EUR 25m financing from One Peak Partners (Nordic9)
Keepit, a Denmark-based provider of SaaS data protection, announced that it secured a DKK 190M (EUR 25m) capital investment round. The funding was provided by the UK-based private equity fund One Peak Partners and will be used for business expansion across Europe and the US.
Keepit, founded in 2007 by CEO Frederik Schouboe and Morten Felsvang, developed a Backup-as-a-Service software that specializes in protecting data from SaaS solutions such as Microsoft 365, Salesforce, Dynamics 365, and G Suite. The larger cloud providers offer uptime and data protection against intruders but don’t offer a built-in backup solution of the SaaS data, should anything happen to it. The new capital will be used to increase Keepit’s sales team as well as its marketing and product development.
Last year Keepit raised EUR 2.7m from the Danish growth fund and the founders.
Vertigo Games acquired by Embracer Group for up to EUR 65m (Cision)
Embracer Group AB, through its wholly-owned subsidiary Koch Media GmbH, has agreed to acquire 100 percent of the share capital in Dutch-based Vertigo Games Holding B.V that develops, publishes, and distributes games exclusively for Virtual Reality. Vertigo Games is behind the million-selling and award-winning global hit Arizona Sunshine and has highly anticipated After the Fall in its pipeline.
The upfront equity purchase price amounts to EUR 50 million in total, where EUR 40 million is paid in cash and EUR 10 million is paid in newly issued B shares. This equals an upfront enterprise value of approximately EUR 45 million, adjusted for EUR 5 million in acquired net cash. Subject to fulfillment of agreed earnings targets and release of certain titles during a up to 10 years period an earn-out consideration of a maximum of EUR 65 million may be paid, where a maximum of EUR 25 million will be paid in cash and a maximum of EUR 40 million will be paid in newly issued B shares.
Embracer Group has a highly active M&A strategy and completed eight acquisitions in August.