Vitec acquires Nice Norwegian Insurance Computer Environment AS (Nice AS)

Nice AS has since 1987 focused on the development, implementation and operation of fully integrated system solutions for insurance companies. The company's SaaS-based systems which was launched in 2011 is used by customers in Norway, Sweden and Denmark. The acquisition adds 13 new employees to the Vitec Group.

For more information, please contact
Lars Stenlund, CEO, Vitec Software Group AB (publ), mob: +46 70 659 49 39
Dag Ramberg, CEO, Nice AS, mob: +47 90 15 56 94

Disclaimer:
Vitec Software Group AB (publ.) is to make the above information public pursuant to the Swedish Securities Market Act or the Swedish Financial Instruments Trading Act. The information will be made public at 13:00 CET on Monday, December 7, 2015.

Vitec Software Group AB (publ) is a software company that offers industry specific business applications on the Nordic market. The Company, with operations in Sweden, Norway, Finland and Denmark is growing in the mature part of the software industry by consolidating vertical software segments. Clients include facility management companies, construction and real estate companies, banks and insurance companies, utilities and energy traders, healthcare companies, car spare part dealers and newspaper companies. Group turnover has an annual capacity of 630 million SEK and has approximately 440 employees. Vitec is listed on Nasdaq OMX Stockholm.

www.vitecsoftware.com  Address: Box 7965, S-907 19 Umeå, Sweden. Phone +46 90 15 49 00.