Vitec Software Group completed the acquisition of Appva.

Vitec Software Group, a provider of Vertical Market Software in the Nordic region, completed the acquisition of Appva, a Swedish software company. Financial terms were not disclosed. "Appva provides business-critical software with a focus on providers and the user experience, offering great customer benefit. The company is very profitable and well-managed, with an operation that is a good fit with our business model and corporate culture. We acquire companies to retain them in the Group, which is why we are always careful with our acquisition criteria. Today we would like to warmly welcome some 20 new employees," Lars Stenlund, Vitec Software Group CEO.