Acando Norway acquires Bitvis AS
The consulting company Acando acquires all shares in the Norwegian company Bitvis AS. The contract will be effective from October 1, 2017. Bitvis will operate as a separate company in the Acando Group.
Bitvis is a design center for FPGA and embedded software development. The company provides highly specialized development services to a broad range of customers from startups, to major companies in the electronics industry. The company was founded in 2012 and has gained a significant market position in Norway. Bitvis is involved in many prestigious projects within Space, Defense, Offshore, Telecommunications, Avionics, Radar systems, Multimedia devices, Industrial applications and Healthcare. Complementary to the design services, Bitvis also has developed unique tools, intellectual property, in the form of simulation software for FPGA verification.
- With the acquisition of Bitvis, we are strengthening our offerings to help our customers with digital transformation. Everything related to Industry 4.0 requires deep technological knowledge, and the acquisition of Bitvis is an important step in assisting our clients within IoT, Embedded software and FPGA (programmable digital logic). This, in combination with our expertise within management consulting, advanced analytics, machine learning and AI, will create a unique technology environment in the Norwegian market. After the acquisition Acando Norway will count close to 50 skilled consultants dedicated to work within advanced analytics and IOT, says Sven Ivar Mørch, CEO of Acando Norway.
- Bitvis is the leading design center for embedded software and FPGA in Norway. Joining Acando will allow us to utilize our expert competency in an experiencing increased sales larger setting. Embedded software and FPGA is the brain of IoT. Combining this with Acando’s focus on IoT will result in powerful solutions for our customers and interesting tasks for our developers. Taking this one step further, we see very interesting scenarios when combining all of that with the AI and Machine learning capabilities of Acando. Advanced software and FPGAs can make a huge difference all the way from data collection, via pre-processing to speeding up the advanced algorithms, says Espen Tallaksen, CEO of Bitvis.
Previously, Acando Norway has acquired the company E-vita AS in 2013, Cloudstep AS in 2014 and Antares in 2015. With the acquisition of Bitvis, and continued organic growth, Acando has grown to over 300 employees in Norway.
For more information please contact:
Anna Ohlsson, Head of Marketing and Communications, +46 (0)70 413 4179, anna.ohlsson@acando.com
Sven Ivar Mørch, CEO Acando Norway, + 47 908 46 984, sven.ivar.moerch@acando.no
About Acando:
Acando is the consulting company who with equal parts of technical excellence and insight into human behavior - innovates, streamlines and mobilizes organizations for sustainable change. The Group has approximately 1700 employees allocated over five countries. Acando had sales of more than 2 billion SEK in 2016 and is listed on Nasdaq Stockholm.