|[January 17, 2014]
Monterro Acquires Leading CRM Vendor - Purchases Lundalogik from Bisnode
STOCKHOLM --(Business Wire)--
Monterro has reached an agreement to acquire Lundalogik AB, a leading
Nordic supplier in the field of customer relationship management systems
(CRM). The company will be acquired from Bisnode. The investment in
Lundalogik is being made in partnership with the management at
Lundalogik, which was founded in 1990, employs 115 staff and operates in
Sweden, Norway and Finland. The company has placed its LIME product
range in a leading position by offering its customers a powerful
technical solution, which is extremely user-friendly, along with strong
services and support. The company is showing good growth and reported
sales in excess of SEK 100 million in 2013, along with a profit of
around SEK 20 million.
"In its position as a eading CRM player in the Nordic countries,
Lundalogik has plenty of opportunities for growth in an expanding
market. We are very pleased to enter into a partnership with Monterro.
Their experience of developing software companies will help us to
consolidate and develop our strong position," says Erik Syrén, CEO of
"We are looking forward to an exciting journey with Lundalogik. The
company is very well-managed and profitable, and it has significant
potential. We are impressed by the company's staff and its corporate
culture," says Thomas Bill, Managing Partner at Monterro.
Monterro will be the majority owner in Lundalogik, and the management
team will also have significant ownership.
About Monterro 1.
Monterro 1 invests in Nordic software companies by providing funding and
actively supporting company growth. Monterro's three managing partners -
Thomas Bill, Lars Sveder and Peter Larsson - all have extensive
experience in developing software companies. Monterro 1, consisting of
capital from its founders and private individuals, was founded in 2012.
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