Latest news with #Netcompany
The Independent
2 days ago
- Business
- The Independent
Investments in UK tech sector will create hundreds of jobs, says Government
Hundreds of jobs are set to be created across the UK as part of a raft of investments in the technology sector, the Government has announced. It comes as Science and Technology Secretary Peter Kyle told an audience at London Tech Week that the UK must be at 'the cutting edge' of rapidly growing technologies, such as AI. The technology sector is a key area of the Government's efforts to accelerate growth in the UK economy, in a bid to support efforts to increase spending. Liquidity is planning over the next five years" data-source=""> On Tuesday, a number of 'significant investments' in the sector were announced in areas including AI and fintech, which will see some companies setting up in the UK for the first time. Liquidity, a US-based AI fintech business, revealed it will launch its European headquarters in London as part of a plan to invest an additional £1.5 billion over the next five years. Meanwhile, Capgemini said it will expand UK operations with a new London headquarters. Netcompany, a Danish IT consultancy, will also invest £2 million to expand its Leeds office and is launching a new site in Edinburgh, which will ultimately create 150 jobs. Other investments include InnovX AI, a major European start-up hub, investing £14.7 million in a new London technology site, creating 30 jobs. Mr Kyle said: 'We have all seen over the last few years, just how rapidly and profoundly technologies like AI are transforming the economy, and our society. 'Britain can – and must – be at the cutting edge of this change. 'The era of hesitancy is over: we can be the masters of our fate, and through the measures I am announcing today, we will harness the vast potential of our trillion-pound tech sector to help remake our country for the better.' The Government said on Tuesday that it was opening its Science and Technology Venture Capital Fellowship for a second cohort and round of applications, to increase the capacity of the UK financial sector to invest in start-up businesses in the sector. Business and Trade Secretary Jonathan Reynolds said: 'Securing valuable high-tech investment is an integral mission of this government and seeing global investors put billions in the UK economy shows the plan for change is working, with more and more companies choosing Britain. 'With tech being identified as a key growth sector in our upcoming modern industrial strategy, we're not only helping attract and secure investment, but delivering long-term, stable growth that supports skilled jobs and raises living standards across the UK.'
Yahoo
28-05-2025
- Business
- Yahoo
Netcompany- Major shareholder announcement
Company announcement No. 14/2025 28 May 2025Netcompany Group A/S ("Netcompany") hereby announces the following notification received pursuant to section 38 of the Danish Capital Markets Act from Danske Bank A/S, regarding their direct and indirect holdings and voting rights in Netcompany. On 27 May 2025 Danske Bank A/S informed Netcompany, that Danske Bank A/S on 14 March 2023 directly and indirectly via Danica Pension Livsforsikringsaktieselskab, Investeringsforeningen DI, Investeringsforeningen DI Select, Kapitalforeningen DI Institutional, Danske Bank A/S, and Sicav Capital LUX controlled 2,465,823 voting rights corresponding to 4.93% of the total voting rights in the Company. Their direct and indirect voting rights at the previous announcement was 5.00%. This announcement is in accordance with section 30 of the Danish Capital Markets Act. For further information, please see the attached notification form. Additional informationFor additional information, please contact: Netcompany Group A/SThomas Johansen, CFO, + 45 51 19 32 24Frederikke Linde, Head of IR, +45 60 62 60 87 Attachments 14. Notification form DB 14. Netcompany - Major shareholder announcement - DBError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
23-04-2025
- Business
- Business Wire
Open letter to Europe by André Rogaczewski CEO and co-founder of Netcompany: Europe must stand tall
COPENHAGEN, Denmark--(BUSINESS WIRE)--The following is an open letter by André Rogaczewski CEO and co-founder of Netcompany: Europeans, This is your digital awakening. We all know that leading technologically is paramount for competitiveness and the creation of growth, prosperity, and welfare. Europe's digital backbone is to a large extent built on systems we don't necessarily control. From data centers to cloud systems – in the applications and algorithms that shape our decisions. While we rely on digital services in all our core societal areas— communication, financial services, welfare benefits, pensions, healthcare, even elections—the digital applications and infrastructures behind are too often dependent on non-European systems. What we need is a response. To protect our individual rights, and shape a digital European ecosystem rooted in our own democratic values – not those imposed by people who no longer necessarily share our beliefs. That's why Netcompany launched a campaign on the night of 22 April by illuminating the Statue of Liberty in Paris with the message: 'Stand Tall Europe'. We chose the Statue of Liberty because it stands as a symbol of freedom, justice, the end of oppression, and opportunity for all. A gift from Europe to the US symbolising the values we created together and used to share. It seems now that Europe herself alone is facing the challenge of protecting those same ideals in a digital world. Where the Statue of Liberty lifts a torch, Europe's task today is to light the digital path forward—by asserting digital sovereignty, defending rights online, and building our own trusted secure systems and applications that our societies can rely on and prosper with. We must embrace the digital revolution, establish more European datacenters, set up trusted age-verification systems to protect our children, and ensure our voters are not filled with digital propaganda. We must quickly build trustworthy, robust, fair, and transparent applications and systems showing everyone else that responsible digital transformation is the way to create world-leading innovation, growth and progress. That means offensively using AI designed with European values and transparency to create efficient European private and public administration. It means developing intelligent digital twins for our physical infrastructure across all industries to uniquely optimise European businesses. In fact, we must build world leading digital applications for Europe to become a leading region of the world. We are calling for more European solutions—built by European companies, accountable to European citizens. Europe's future prosperity and growth depends on it and hence it also depends on our ability to attract, develop, and unite diverse world-class talent from everywhere. We must make this continent the most attractive destination for the world's sharpest minds. This is also a call for all of you who want to contribute to the European digital awakening, wherever you are. We need you. There's no quick fix. But we are ready. We believe in a digital future where Europe owns more of its systems, protects its citizens, and leads with integrity. Let's take back the future. Yours sincerely, André Rogaczewski CEO and co-founder of Netcompany About André Rogaczewski André Rogaczewski founded Netcompany in 2000 and has overseen its evolution into one of Europe's fastest growing and most successful IT services companies, with a global headcount of +8,250 talented employees across +10 European countries. With his technical background, a master's degree in computer science from Aalborg University and a true vision for society's digital future, he has led the company through tremendous growth and built a unique delivery model unmatched elsewhere in the IT industry. André was born in Poland and grew up in Aalborg, Denmark. About Netcompany Founded in 2000 in Copenhagen, Denmark, Netcompany provides essential IT solutions for both societal and business needs, aiding our private and public clients in their digital evolution towards a more efficient and sustainable future. Our team of skilled professionals drives sustainable innovation, consistently advancing and expanding our impact - one solution at a time. By building flexible, scalable and secure digital solutions, we help Europe lead the way towards responsible digitalisation.
Yahoo
10-02-2025
- Business
- Yahoo
Netcompany enters into an agreement with SDC to create ‘the future of banking services'
Company announcement (inside information)No. 09/2025 10 February 2025 Netcompany Group A/S ("Netcompany"), SDC A/S, ("SDC"), and a majority part of the shareholders of SDC have today entered into an agreement of a transaction whereby a newly formed company of Netcompany and SDC will merge into a combined company fully owned by Netcompany. Together, Netcompany and SDC will create innovative and best-in-class banking solutions and services to the benefit of current banks running on SDC's platform, as well as for new banks to be onboarded to the platform in the future. The transaction values SDC at DKK 1 billion and will include a cash payment of DKK 1 billion from Netcompany to SDC's shareholders. The cash consideration is funded by way of utilising current credit facilities. Closing of the transaction is expected to take place around mid-2025, subject to regulatory and other customary conditions. Strategic rationale The transaction with SDC provides a strong foothold for Netcompany in the financial services industry, which is the highest spending vertical within IT services in Europe. In 2025, the total addressable market in DK, NO, and SE is estimated to be more than DKK 44 billion and the market is expected to grow more than 10% annually towards 2028, supporting Netcompany's ambition of delivering continued sustainable organic growth. Within the financial services industry, Netcompany offers a solid product and platform suite, including AMPLIO, AMI and EASLEY, combined with products from Festina Finance such as Festina Advisor and Festina Life and Pension. These products and platforms supplemented by SDC's core banking platform will be the foundation of 'the future of banking services'. Together, Netcompany and SDC will improve the banking experience for bank customers, as well as bank employees and advisors, by introducing improved and personalised advice, self-service solutions, and end-to-end digital processes to support activities such as housing journeys and onboarding, through new industry-specific and vendor-independent banking services. Following the transaction, the combined workforce of Netcompany and SDC is more than 9,200 FTEs. André Rogaczewski, CEO Netcompany states: 'I am thrilled to announce that we have successfully agreed on a transaction with the majority shareholders of SDC. This strategic move marks a significant milestone for Netcompany, and it aligns with our Go-To-Market strategy to expand our capabilities and enhance our service offerings within the financial services industry. Digitalisation is the key driver for strengthening Europe's most critical societal areas – including the financial services industry. Netcompany already provides the digital foundation with our products and platforms in the areas of pension, customs and tax, transport and logistics, and now we are going to do the same in the financial services industry. With SDC's core banking platform and Netcompany's innovative DNA, products, and platforms, we are looking into unprecedented opportunities for the entire banking sector. The goal of this transaction is to create innovative and best-in-class services in Denmark, Scandinavia, and the rest of Europe, to the benefit of current and future customers, thereby adding substantial value for our shareholders and stakeholders.' Klaus Skjødt, Chair SDC states: "This is a significant milestone in SDC's history, as we are now building upon past investments in the market's most modern core banking platform and future-proofed online and mobile banking. Together with Netcompany, we have a shared ambition to make the banking sector a driving force for digital innovation, setting new standards for the advice and service customers can expect from their bank. We will achieve the scale and development power necessary to enhance our competitiveness and create the market's strongest banking experience." About SDC SDC is a prominent IT service provider headquartered in Ballerup, Denmark, specialising in delivering comprehensive IT solutions to the financial services industry across the Nordic region. SDC was founded in 1963 and offers a wide range of services, including core banking systems, digital banking solutions, and regulatory compliance tools. At the end of 2024 SDC's workforce counted 980 FTEs in three countries. Prior to closing of the transaction, SDC is owned by its member banks. SDC functions as the internal IT department of the member banks, which are also in turn customers of SDC, as well as other commercial non-member banks. In 2023, SDC realised revenue of DKK 1,837 million and EBITDA of DKK 286.8 million. For additional information: About Netcompany Netcompany is a leading IT services company headquartered in Copenhagen, Denmark, with a strong focus on digital transformation in Europe. Netcompany was founded in 2000 and delivers innovative and high-quality solutions to both public and private sector clients. At the end of 2024 Netcompany's workforce counted 8,260 FTEs in nine countries. In 2024, Netcompany realised revenue of DKK 6,540.6 million and adjusted EBITDA of DKK 1,097.9 million in 2024. For additional information: Summary of the transaction Netcompany will acquire 100% of the shares in SDC for a cash consideration at closing of DKK 1 billion. Netcompany will make the acquisition through a newly formed company – Netcompany Banking Services A/S – which will be merging with SDC and as a consequence resulting in a fully owned subsidiary of Netcompany in which the activities of SDC are fully embedded. The cash consideration is funded by way of utilising current credit facilities. The transaction will be fully debt financed within the existing covenants. Due to integration costs, the transaction is expected to have a dilutive impact on EPS for the financial year 2025. The transaction is expected to be EPS accretive to Netcompany from 2026 compared to 2024. Furthermore, the transaction is expected to be double-digit percentage EPS accretive by 2028 – also compared to 2024. The transaction is subject to regulatory approvals in Denmark, Norway, and Faroe Island and other customary conditions. Netcompany and the majority shareholders, who will continue as customers in the newly formed company after closing, will enter into a commercial IT-framework agreement (to enter into effect after closing) based on an already agreed term sheet. The agreed term sheet includes key provisions on the continued delivery of the current as-is services on a commercial market conform delivery and payment basis, a governance model with continued involvement of Netcompany and the bank customers, a fair and market-based exit model, and the transformation of the SDC platform to create 'the future of banking services'. As the agreed transaction structure is set as a merger, the closing of the transaction will formally require a two-thirds approval at a general meeting in both Netcompany's newly formed company and SDC. The majority shareholders representing 70.94% of the outstanding share capital and voting rights in SDC have at signing of the agreement with Netcompany irrevocably provided their commitment to vote for the merger. The remaining shareholders, and customers of SDC, will be given the opportunity to enter into a commercial IT-framework agreement with Netcompany on the same terms as the majority shareholders and irrevocably provide their approval to vote for the merger. Financial GuidanceFinancial guidance for 2025 for Netcompany on a stand-alone basis, as provided in the Annual Report 2024, is based on organic performance metrics and hence maintained. Organic revenue growth is expected between 5% and 10% and adjusted EBITDA margin between 16% and 19%. Netcompany expects to reinitiate it's share buyback programmes after closing of the transaction and expects leverage at the end of 2025 to be around 1.5x. Webcast In connection with the publication of the merger, Netcompany will host a conference call on Monday, 10 February 2025 at 8.15 am CET. The conference call will be held in English and can be followed live via the company's website; Dial-in details for investors and analysts: DK: +45 78 76 84 90UK: +44 20 3769 6819 US: +1 646 787 0157 PIN: 598046 Webcast Player URL: Additional informationFor additional information, please contact: Netcompany Group A/SThomas Johansen, CFO, +45 51 19 32 24Frederikke Linde, Head of IR, +45 60 62 60 87 Disclaimer This announcement contains forward-looking statements that reflect Netcompany's current expectations and views of future events. Some of these forward-looking statements can be identified by terms and phrases such as "estimate", "expect", "target", "plan", "project", "will" and similar expressions. These forward-looking statements include statements relating to: the expected characteristics of the combined company; expected financial results and characteristics of the combined company; expected timing of the launch and closing of the proposed transaction and satisfaction of conditions precedent, including -regulatory conditions; and the expected benefits of the proposed transaction, including related synergies. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from such statements. These forward-looking statements are based on our beliefs, assumptions, and expectations of future performance, taking into account the information currently available to us. These statements are only predictions based upon our current expectations and projections about future events. Risks and uncertainties include: the ability of Netcompany to integrate SDC into Netcompany's operations; the performance of the global economy; the capacity for growth in internet and technology usage; the consolidation and convergence of the industry, its suppliers and its customers; the effect of changes in governmental regulations; disruption from the proposed transaction making it more difficult to maintain relationships with customers, employees or suppliers; and the impact on the combined company (after giving effect to the proposed transaction with SDC and the shareholders of SDC) of any of the foregoing risks or forward-looking statements, as well as other risk factors listed from time to time in Netcompany's public disclosures. The forward-looking statements should be read in conjunction with the other cautionary statements that are included elsewhere, including the risk factors included in any public disclosures of Netcompany. Any forward-looking statements made in this announcement are qualified in their entirety by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by us will be realised or, even if substantially realised, that they will have the expected consequences to, or effects on, us or our business or operations. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Attachment 09. Netcompany enters into an agreement with SDC to create 'the future of banking services' Sign in to access your portfolio
