Dave Sandberg
Partner
Magnus Lövdén
Buy-side
Teknologi
SaaS & Software
Stratema identified LJ System as a company that complemented the extensive suite of parish software solutions provided by Vitec Agrando. Stratema therefore held several meetings with LJ System to help them decide on Vitec as their partner going forward. This strategic acquisition broadens the product portfolio available to Vitec’s church and parish clients and creates opportunities for upselling to LJ System’s existing customer base.
Stratema is exclusive M&A advisor to Vitec in the Nordics, providing expert assistance in identifying and facilitating strategic transactions.
The software company LJ System is based in Lund and provides products for parishes and preschools. Congregation administration is a module-based management system used by about 300 parishes. The product modules include, for example, cemetery administration with digital maps, financial management, payroll, as well as scheduling of christenings, weddings and other church services via PCs, mobiles and tablets. Abbum is another product developed to provide administration and education management, primarily for preschools.
“LJ System’s sophisticated, but user-friendly, products enable parishes and preschools to run their affairs efficiently and effectively. The company is well-established, profitable and a good fit with our corporate culture. We acquire companies to retain them in the group and we are today extending our warmest welcome to 14 new colleagues.”
Lars Stenlund, CEO of Vitec Software Group.
“I am pleased to see Vitec as our new owner. With its extensive niche software expertise and market-leading position, Vitec is exactly what LJ System needs to realise its full potential. With Vitec onboard, I see great potential for the continued development of the company here in Lund.”
Andreas Friberg, CEO of LJ System.
Vitec is the market leader for Vertical Market Software in the Nordics. They develop and deliver standard niche software. Vitec grows through acquisitions of well-managed and well-established software companies. The Group’s integrated processes, combined with its employees’ in-depth knowledge of customers’ local markets, facilitate continuous improvement and innovation. Vitec is listed on Nasdaq Stockholm.
LJ System was founded in 1980 as a family business and has operated as a limited liability company since 1985. Andreas Friberg has been CEO and co-owner of the company since 2006.
