Penneo A/S signs first Big10 customer in Belgium

Company Announcement No. 09-2020
Copenhagen, October 12th, 2020

Penneo A/S signs its first Big10 customer, VGD, in Belgium. VGD will be Penneo A/S’s second Belgian customer. The new contract is a result of Penneo’s commercial activities in alignment with the strategy to roll out Penneo's platform internationally.Penneo A/S’s Interim CEO Nicolaj Højer Nielsen states: “It is a big milestone for Penneo A/S to get a deal and a strategic partnership with VGD, and we are happy to have VGD on board and to help them automate their client-faced processes across business lines from audit and accounting to tax and advisory. In general, we are very positive regarding future possibilities in the Belgian market, as we get a lot of positive feedback from partners and potential customers”. 

VGD is present in 5 countries and employs around 300 advisors in Belgium alone. VGD is part of Nexia International, a leading global network of independent accounting and consulting firms.

Further information
Interim CEO, Nicolaj Højer Nielsen
Mobile (+45) 25 46 25 80
PENNEO A/S
VEGA, Enghavevej 40, 4th floor, 
1674 Copenhagen V, Denmark

Certified Advisor
Grant Thornton, Jesper Skaarup Vestergaard

Direct (+45) 35 27 50 11, Mobile (+45) 31 79 90 00
Grant Thornton 
Stockholmsgade 45 2100 Copenhagen Ø, Denmark 

About Penneo A/S

Penneo A/S (Penneo) is a Software-as-a-Service (SaaS) company, originally focused on delivering the digital pen (Penneo = new pen) back in 2014. Today, Penneo has evolved into an eco-system of automation solutions that digitizes company workflows related to onboarding of customers (KYC), and signing and management of documents in a secure and easy way. The Company offers a RegTech solution that helps companies comply with regulations in an efficient and inexpensive way. Penneo has a strong position in the Nordics and in Denmark, where more than 550.000 people used Penneo’s workflow in 2019.