WM-data
From Wikipedia, the free encyclopedia
| WM-data – a LogicaCMG company | |
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| Type | Subsidiary |
| Founded | 1969 |
| Headquarters | Sweden, Norway, Finland, Denmark |
| Key people | Börje Ekholm, Non-Executive Chairman Crister Stjernfelt, Chief Executive Officer |
| Industry | IT Services, Consulting |
| Products | Business consulting, IT and value-added business process outsourcing, systems integration, telecoms products and solutions |
| Revenue | ▲ 10 billion SEK (2005) |
| Employees | ~9,000 (2006) |
| Parent | LogicaCMG |
| Website | www.wmdata.com |
WM-data – a LogicaCMG company is a Swedish IT consultancy company based in Stockholm, and since October 10, 2006, a subsidiary to LogicaCMG.[1]. It was quoted on the Stockholm Stock Exchange (SSE) as a member of the A-list, but after LogicaCMG's acquisition, WM-data was dequoted. The company is active in the Nordic countries, including Sweden, Norway, Denmark and Finland, and has around 9,000 employees. There are local offices in Estonia and Poland as well. In 2005, it realised a turnover of 10 billion SEK (1.4 billion USD; 1.1 billion EUR).
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[edit] History
WM-data was founded by Thord Wilkne and Hans Mellström (the W and M in the company's name) in 1969 in Stockholm, Sweden. Today the company is one of Sweden's leading IT company and has regional offices in numerous cities located in the Nordic countries. The company offers overall solutions in IT related areas. It is divided in three branches: branding, specialist and infrastructure, where its main areas are the secondary sector of industry, commerce and logistics, bank, finance and insurance, telecommunications, public sector, medicine and health care, and utility.
[edit] Market
Its main market is the Nordic countries and its main customers are large companies and organisations. The Swedish branch stands for around 65 % of the turnover, Denmark 15 %, Norway and Finland around 10 % each.
[edit] Acquisitions
In May, 2005, WM-data acquired Atos Origin's operations in Sweden and Norway for approximately 1.33 billion SEK. The parties also agreed to an Enterprise Alliance Agreement to strengthen future cooperations.[2]
On August 21, 2006, British LogicaCMG announced their offer to acquire WM-data's entire share capital.[3] If the acquisition goes through LogicaCMG expects WM-data to be the company's fourth best "moneymaker" after Great Britain, the Netherlands and France. The Nordic region will compromise 23 % of the group's turnover and will be the largest geographic area.[4]
On October 10, 2006, LogicaCMG announced that over 85 % of WM-data's shareholders agreed to sell their shares, which means that WM-data is, as of October 10, a subsidiary of LogicaCMG.[1]
[edit] References
[edit] Notes
- ^ a b Crister Stjernfelt. WM-data is now a part of the international IT-services company LogicaCMG. WM-data. Retrieved on October 16, 2006.
- ^ WM-data acquires Atos Origin’s operations in Sweden and Norway (pdf). Waymaker.net. Retrieved on October 17, 2006.
- ^ WM-data AB (publ) Board of Directors. Statement of the Board of Directors of WM-data AB (publ) in relation to the public offer by LogicaCMG plc for the shares and convertible debentures of WM-data AB (publ). WM-data AB (publ). Retrieved on August 22, 2006.
- ^ Mats Brandon. Norden mindre viktigt för brittiskt WM-data (Swedish). IT.BRANSCHEN. Retrieved on September 19, 2006.
