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With acceptance from all 238 shareholders in iStone representing 100% of the share capital Columbus completes the acquisition of iStone. Columbus hereby enters the Swedish market and at the same time occupies a market leading position within e-commerce in the Nordic region.

Copenhagen, 2 January 2018:  Columbus and iStone join forces and become market leading in the Nordic region within business applications and e-commerce. iStone, which is a leading IT services company within business applications and e-commerce solutions in Sweden and Norway adds more than 600 highly skilled employees to Columbus positioning Columbus as market leading in the Nordic region.

“We are very pleased to be able to welcome iStone’s employees to Columbus. iStone and Columbus are a perfect match both businesswise and culturally, and together we can create even more value for our customers and reach our strategic business goals”, says CEO & President in Columbus, Thomas Honoré.

The acquisition of iStone is a game changer for Columbus, which in one stroke increases the company by 50% both within revenue and employees. With the acquisition of iStone, Columbus has almost 2,000 employees in 19 countries and hereby expands its global footprint in line with its vision of becoming a global strategic partner leading customers in the digital transformation of their business.

In addition to Columbus’ expertise within business applications and IT services, iStone contributes with deep expertise in e-commerce and a wider ERP business. And with common industry focus on manufacturing, food, retail and distribution companies, Columbus can offer a complete solution portfolio for customers globally.

Besides common industry focus, iStone comes with a market leading position within ERP solutions for the Swedish manufacturing industry, which combined with Columbus’ complete portfolio of industry solutions for manufacturing companies opens new opportunities for creating further value for iStone’s existing and new customers. 

iStone is the largest independent Infor M3 partner globally, and is at the same time leading supplier of solutions within Microsoft, e-commerce and SAP. Combined with Columbus’ market leading Microsoft competencies and solution portfolio Columbus expands its technology competencies, thus appealing to a larger market.

“We are very much looking forward to becoming a part of Columbus – with all the opportunities that entails. iStone has had a fantastic growth since we started in 2006, and today we are market leaders in Sweden and Norway. Together with Columbus we will accelerate our business both in the Nordics and globally” say Markus Jakobson, CEO at iStone.

The merger of Columbus and iStone will happen gradually over the coming years. In the first phase iStone will continue its daily operation and will be working with Columbus within new business areas. iStone will operate under the name “iStone a Columbus company”.

About Columbus
Columbus is an Danish listed IT services company serving with 1,300 employees globally. We are experts in developing and providing digital business applications that help our customers in the digital transformation of their business. We are specialist within the industries retail, food and manufacturing and we have more than 25 years of experience. Columbus has offices in 10 countries and partners all over the world.
www.columbusglobal.com

About iStone

iStone is a Swedish business and IT corporation employing more than 600 people in 13 countries worldwide. Our experienced consultants implement and upgrade carefully selected, market-leading software, helping our customers to develop their business. All on the basis of in-depth system and industry knowledge, a well-proven methodology, and with sustainable responsibility. iStone’s customers counts companies like Lindex, Pågen, Toyota, Höganäs and Maersk Container Industry.
www.istone.com

 

Contact for further information
Communications Director
Tine Rasmussen
tra@columbusglobal.com
+45 29 69 06 77 

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Columbus continues the progress and delivers revenue growth of 52% and growth in EBITDA* of 40% in the first 6 months. The acquisition of iStone and HiGH Software and sale of Columbus Software drive the growth. Copenhagen, 23 August 2018: With revenue increase of 52% (DKK 978m) and EBITDA* growth of 40% (DKK 99.6m) Columbus delivered a strong first half. The revenue growth was primarily driven by the acquisition of iStone which Columbus announced on 2 January 2018 and secondarily by the acquisition of HiGH Software on 9 January 2018. The increase in EBITDA* was also driven by the mentioned acquisitions. ”Columbus delivered strong growth in the first half of the year, where we showed progress in a range of our strategic business areas such as Columbus Software, Columbus Care and cloud services while completing a historic acquisition of iStone. iStone is our largest acquisition ever and I am very satisfied with the integration process where we experience many synergies across customers, solutions and deliveries”, says CEO in Columbus, Thomas Honoré.   Strong progress in the sale of Columbus Software The sale of Columbus Software grew by 37%. Both the sale of Columbus’ existing software portfolio and HiGH Software’s portfolio within rental and leasing solutions increased. The conversion to cloud continues and the sale of Columbus’ own software products shows great progress in a growing market.   iStone drives the growth in the services business The service revenue increased by 74% in the first 6 months (DKK 751m). The growth is primarily driven by the acquisition of iStone and HiGH Software and secondarily by great progress in Columbus Care services. Columbus Care ensures high availability of the critical applications and infrastructure in the business and is an area with strong increasing demand from Columbus’ customers.   Increase in recurring revenue In the first 6 months recurring revenue increased by 24% now constituting 22% of the total revenue in Columbus. The progress was primarily driven by the acquisitions, growth in Columbus Care and cloud-services. Recurring revenue is based on a long-term customer relation and consists of Columbus Software subscriptions, external software licenses, cloud and Columbus Care contracts.   Columbus maintains expectations to 2018 Columbus maintains the announced expectations to 2018 with a revenue in the level of DKK 2bn and EBITDA* in the level of DKK 200m.   *EBITDA before share-based payment   Read the Interim Report here Columbus2020 – aiming for growth Columbus is half way through our five-year strategy Columbus2020 which support Columbus’ vision of being the preferred service provider of digital business solutions globally. Columbu2020 focuses on four strategic elements: Customer Success, Digital Leadership, Process Excellence and Our People.   About Columbus Columbus is a listed international IT services and consulting company with 2,000 employees headquartered in Denmark serving customers worldwide. Columbus helps ambitious companies transform, maximize and futureproof their business digitally. We are experts within the industries retail, food, distribution and manufacturing. We’ve proved this through more than 28 years of experience in the industry. Columbus has offices and partners all around the world. www.columbusglobal.com   Press Contact Communications Director Tine Rasmussen tra@columbusglobal.com +45 29 69 06 77
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