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News : Monterro Purchases Lundalogik from Bisnode
Stockholm, Jan 17, 2014 -- Monterro has reached an agreement to acquire Lundalogik AB, a Nordic supplier in the field of customer relationship management systems (CRM). The company will be acquired from Bisnode. The investment in Lundalogik is being made in partnership with the management at Lundalogik.
Lundalogik, which was founded in 1990, employs 115 staff and operates in Sweden, Norway and Finland.
"In its position as a leading CRM player in the Nordic countries, Lundalogik has plenty of opportunities for growth in an expanding market. We are very pleased to enter into a partnership with Monterro. Their experience of developing software companies will help us to consolidate and develop our strong position," says Erik Syrén, CEO of Lundalogik.
"We are looking forward to an exciting journey with Lundalogik. The company is very well-managed and profitable, and it has significant potential. We are impressed by the company’s staff and its corporate culture," says Thomas Bill, Managing Partner at Monterro.
Posted by Veronica Silva Cusi, news correspondent
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About Monterro 1:
Monterro 1 invests in Nordic software companies by providing funding and actively supporting company growth. Monterro’s three managing partners – Thomas Bill, Lars Sveder and Peter Larsson – all have extensive experience in developing software companies. Monterro 1, consisting of capital from its founders and private individuals, was founded in 2012.
Published: Monday, January 20, 2014