Vitec Software, a vertical market software company, completed the acquisition of Scanrate Financial Systems, a software developerfor analysis, valuation, and risk management with a focus on the Danish bond market. Financial terms were not disclosed. “Scanrate has 35 years of experience, and the company is the leading independent provider of software for investors in the Danish bond market. The advanced but user-friendly software offers complete analysis and data for customers' decision-making. Scanrate is a profitable and well-managed company with an operation that is a good fit with our business model and corporate culture. We are pleased to welcome 26 new employees to us today,” Olle Backman, Vitec Software CEO.