Microsoft invests major sum in Denmark  

2003.12.12
The software giant gives the Danish division of Microsoft Business Solutions, formerly Navision, DKK 450 million for R&D

Iconic software giant Microsoft is to give the Danish division of Microsoft Business Solutions (MBS) DKK 450 million (USD 72 million) for R&D, a move that will make the Danish division into the largest Microsoft centre for software development outside the US. MBS in Denmark, formerly Navision, is based on the northern outskirts of Copenhagen. Microsoft acquired Navision in 2002 for DKK 11 billion (USD 1.76), the second most expensive acquisition in Microsoft's 25 year history.

 

The investment from Microsoft shows the company's great expectations for sales of Navision's software systems for SMEs. Head of MBS Global Strategy for SME company systems, Orlando Ayala, recently said that Microsoft anticipates investing DKK 63 billion (USD 10 billion) over the next 5 years to develop its products for SMEs. The news is reported by Computerworld online.

 

Link > Microsoft Business Solutions

Next step

Explore business cases

Please contact me

Name
Company
E-mail
Phone
How can we help you?

IDK
We use cookies to make the website perform optimally. You accept cookies by closing the box or continuing to use the website. Click here to read more about cookies. ×