Announced
Completed
Financials
Tags
Completed
Majority
Domestic
Private
church-related administration
Sweden
Friendly
Janitorial
cemetery administration
Single Bidder
Acquisition
Software
Synopsis
Vitec Software Group, a provider of Vertical Market Software in the Nordic region, completed the acquisition of LJ System, the Swedish software company. Financial terms were not disclosed. "LJ Systems advanced but user-friendly products enable churches and preschools to provide their services efficiently. The well-established and profitable company is a good fit with our corporate culture. We acquire companies to retain them and today we are pleased to warmly welcome 14 new employees to the Group," Lars Stenlund, Vitec Software Group CEO.
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