IBM has entered an agreement with IT Factory, a Danish supplier of IT business solutions headquartered north of Copenhagen, to market IT Factory's software solutions in the 132 countries where IBM currently has a presence. The Danish company is among the few specialists which can retrieve data from a number of company systems and present them as an overview on internal company net portals.
Following the agreement, IT Factory will expand its business by employing more people, initially in India, where the company has a development centre. Stein Bagger, managing director comments: "Before the end of the year, we will need about 150 more people, and we will also make acquisitions. If we are going to have a research and development division with up to 200 people, and expand our distribution channels in Europe, the US and Asia, it can only happen by either full ownership or having a controlling share of ownership".
IT Factory estimates that revenues in 2005 amounted to DKK 140 m (USD 22.4 m), with profits of DKK 26 m (USD 4.2 m). In 2006, these figures are expected to double.
IT Factory specialises in solutions based on IBM programmes such as Lotus Notes, Lotus Domino, Workplace and Websphere. The firm has sold 1.3 million licences to 2,500 customers. About 70% of IT Factory's revenues are generated from exports. The news was reported by national daily newspaper Berlingske Tidende.
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