Dave Sandberg
Partner
Dave Sandberg
Buy-side
Technology
SaaS & Software
Stratema has for quite some time been in dialogue with HK Data, highlighting Vitec as the ideal partner for HK Data’s journey going forward. Vitec’s comprehensive public sector reach made the acquisition of HK Data highly attractive, as it provided HK Data with an opportunity to instantly broaden its prospective customer base through Vitec’s established network.
Stratema is exclusive M&A advisor to Vitec in the Nordics, providing expert assistance in identifying and facilitating strategic transactions.
HK Data’s products are aimed at the welfare and health sector in Norway. The customers are companies, municipalities, counties and non-governmental organisations.
“HK Data is a well-managed and profitable company with standardised and niche products that facilitate the treatment of, for example, addiction problems. HK Data also has a product that supports municipalities’ assistance of students with special needs. HK Data is a good fit, in terms of its business model and corporate culture, and it is today our pleasure to welcome 18 new employees to the Group.”
Lars Stenlund, CEO of Vitec Software Group.
“It feels right to have Vitec as our new owner. They have extensive niche software experience and therefore have an in-depth understanding of our business. The business will continue to be run by us here in Moelv, as we are best placed to understand our customers’ needs.”
Tom Theodorsen, CEO of HK Data AS.
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.
HK Data provides a platform for the youth, welfare and health sector in Norway.
