Dave Sandberg
Partner
Christian Krauss Amundsen
Buy-side
Technology
SaaS & Software
Scanrate Financial Systems is the leading independent provider of software for Danish bond market analysis, valuation and risk management.
With the acquisition of Scanrate, Vitec strengthens its position in the Danish financial sector. Scanrate’s product portfolio aligns well with that of Vitec Aloc, which Vitec acquired in 2014. While Scanrate Financial Systems will continue to operate as a stand-alone entity within the Vitec Group, the acquisition paves the way for closer collaboration with Vitec Aloc, enabling both companies to enhance their offerings and deliver additional value to their expanding customer base.
Stratema is exclusive M&A advisor to Vitec in the Nordics and has assisted Vitec on more than 20 strategic transactions in the past decade.
“Vitec has a strong position in the Nordic market with extensive experience and broad expertise in Vertical Market Software. For us, it is crucial to have a long-term owner that is committed to the continued development of the company. I am convinced that together we will continue to develop Scanrate for the benefit of our current and future customers”, says Svend Jakobsen, CEO of Scanrate Financial Systems A/S.
“Scanrate has 35 years of experience and is the leading independent provider of software for Danish bond market investors. The sophisticated, but user-friendly, software offers complete analysis and data in support of customers’ decision-making. Scanrate is a profitable and well-managed company with an operation that is a good fit with our business model and corporate culture. Today, we are pleased to welcome 26 new employees”, says Olle Backman, CEO of Vitec Software Group.
Scanrate Financial Systems A/S develops and provides sophisticated software solutions for analysis, valuation and risk management, with a specific focus on the Danish bond market. Its flagship products, RIO and Lima, enable customers to make in-depth calculations and analyses across all types of Danish bonds, while providing a comprehensive overview of assets and liabilities. Scanrate serves approximately 50 clients, including banks, asset managers, financial data providers and property investors, primarily in Denmark, the UK and Switzerland. The company had revenues of SEK 57 million and EBIT of SEK 25 million in the 2021 financial year.
Vitec is the leading provider of Vertical Market Software in the Nordics. The company develops and delivers standardised niche software solutions, growing through the acquisition of well-managed and well-established software companies. Vitec’s structured approach, combined with its employees’ in-depth knowledge of local markets, facilitates continuous innovation and improvement. Vitec is listed on Nasdaq Stockholm.
