TeliaSonera subsidiary Cygate to acquire Information Infrastructure Management (IIM)
Cygate has acquired Information Infrastructure Management. IIM is a niche system integrator company in the datacenter market. The acquisition will strengthen Cygate’s services within this high growth area.
IIM has 27 employees and its turnover is close to 100 million SEK with high profitability.
`The IIM acquisition complements Cygate’s strategic roadmap as the market for data centres is growing fast and is high up on the agenda for Nordic CIOs when it comes to prioritizing their IT investments’, says Bengt Lundgren, Managing Director Cygate.
`We were one of the first players to bet on backup, storage and virtualization services – areas with staggering growth and are pleased with this acquisition. We feel that we have found a company with a highly technically oriented culture, one which suits us perfectly and its strengths in security and networks complements our knowledge in datacenters, says Håkan Axtelius, Managing Director, IIM.
Since 2007, Cygate’s turnover has doubled to 1375 million SEK and now employs 250 people. Growth has been driven both organically and through acquisitions.
For more information please contact
Bengt Lundgren, vd Cygate, +46 10 87 87 010, bengt.lundgren@cygate.se
Håkan Axtelius, vd IIM, +46 70 627 68 80, hakan.axtelius@iimnordic.com
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For more information, please call the TeliaSonera press office 46-771 77 58 30, press@teliasonera.com or visit our Newsroom.
TeliaSonera provides network access and telecommunication services in the Nordic and Baltic countries, the emerging markets of Eurasia, including Russia and Turkey, and in Spain. TeliaSonera helps people and companies communicate in an easy, efficient and environmentally friendly way. Our ambition is to be number one or two in all our markets, providing the best customer experience, high quality networks and cost efficient operations. TeliaSonera is also the leading European wholesale provider with a wholly-owned international carrier network. In 2011, net sales amounted to SEK 104 billion, EBITDA to SEK 36,9 billion and earnings per share to SEK 4,20. The TeliaSonera share is listed on NASDAQ OMX Stockholm and NASDAQ OMX Helsinki. Read more at www.teliasonera.com.
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