Danish IT fledgling firm teams with IBM to compete in Europe  

2009.07.15
Front-Safe, which has rapidly become a key player in the domestic market for remote backup of data, is joining forces with IBM to compete in the European market
The Århus-based IT fledgling firm Front-Safe, which over its 3 year existence has rapidly developed into a significant force in the domestic market for remote backup of data, is joining forces with IBM to compete in the European market, reports financial daily newspaper Børsen.
 
Front-Safe's sales director Thomas Bak told Børsen: "We have a strong position on the Danish market. Now is the time to expand abroad. Right from the start, IBM has supplied us with both software and hardware. Combining our unique business portal with IBM's Tivoli Software gives us a strong product which makes it incredibly easy for e.g. hosting companies to extend their business so that they also cover online backup."
 
Basically speaking, Front-Safe functions as an IT sub-supplier which provides external archiving and storage of electronic data in order to protect companies against data loss due to any cause. According to Børsen, Front-Safe has over 1,000 Danish customers which makes the Århus firm one of the top three players in the market.
 
In 2008/2009 Front-Safe increased its gross profit by 161% to DKK 7.3m (USD 1.37m) in comparison with the previous year. Profit before tax was DKK 3m (USD 562,197) compared with DKK 129,000 (USD 24,174) in 2007/2008. Revenue data was not published.
 
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