Bisnode sells holdings in Polopoly

Bisnode has agreed to sell share holdings of 17.5 percent in the software company Polopoly, largest provider of services and systems for Content Management in Scandinavia. Bisnode did invest in the business when the company was founded in year 2000. Polopoly has developed and grown with good profitability since then. Selling the company gives Bisnode a good return of investments and a positive effect on this year’s profit.

Polopoly is the largest provider of software for Content Management in Scandinavia and also is expanding in Europe. The software company delivers systems to create extensive digital business solutions. Polopoly has 55 employees and market leading companies and organisations in all industries as customers all over Europe. The business is acquired of Atex, a global supplier of business solutions and systems for the media industry.

“Using the Atex power in regards to both global reach and investment capability in the product development, we believe that we can extend our product coverage both on a geographical level and on a industry level. The demands placed on our type of technology, are often remarkably similar between different industries – the web has become business-critical, which implies higher requirements in regards to uptime, performance and flexibility”, says Gustaf Sahlman, Polopoly CEO.

” Bisnode is in a strategic expansion phase in Europe where our focus is in our core business as a provider of digital business solutions. Polopoly is a software company where our role as share holders during the company’s start up has been to contribute with capital and knowledge. This has resulted in an impressive development of the business and for us a good return of investment and capital gain”, says Håkan Ramsin, acting CEO for Bisnode.

Bisnode’s business unit Service & Venture Development is responsible for central product development and greenfield projects. Bisnode’s other minority holdings are listed IT group Addnode, IT company Racasse and Qbrick, a supplier of streaming media solutions.