Leading IT consulting provider focused on Digital Transformation launches as “twoday”
Copenhagen, Oct. 25.
The Custom Solutions division of business software provider Visma has successfully spun off from its parent as a leading Nordic IT consulting provider focused on Digital Transformation. Following completion of the transaction on 30th September, the new company has officially launched under its standalone brand “twoday” and will employ more than 2,200 highly skilled professionals across 30 offices in the Nordics and Lithuania focused on custom software and app development, GovTech, analytics, cybersecurity and cloud. Set to be one of the largest tech launches in the Nordics over the last decade, twoday provides cutting-edge digital solutions to more than 8,000 customers in the private and public sector. The company is headquartered in Copenhagen, Denmark and led by former divisional director Carsten Boje Møller, who has assumed the role as CEO of twoday.
A Nordic powerhouse poised for growth
twoday’s origins date back to Visma’s 2010 acquisition of Sirius IT. Based on its long-term track record of organic and acquisition-led growth, the company has developed into one of the largest IT consulting companies in the Nordics, with over €300m sales and €50m EBITDA. “With the strategic and financial backing of CVC Capital Partners (CVC), one of the world’s leading investment firms, twoday is well-positioned to continue its growth journey, with ambitious growth plans to triple in size over the coming five years, organically and through acquisitions”, says its CEO Møller. The company currently operates across Denmark, Norway, Finland, Sweden and Lithuania, some of the world’s most technologically advanced societies, while also contemplating expansion into adjacent geographies where it can leverage the know-how from its core markets.
Employees become owners
As a Digital Transformation powerhouse, twoday has the ambition to be the employer of choice for talent across the Nordics and beyond. As a people business with an entrepreneurial culture, twoday is looking to grow by investing in the best tech talent to develop innovative digital solutions that address the most pressing challenges of its customers and society. “Our philosophy is that we must offer meaningful work and contribution to society, exciting projects and technologies. The right company values and good incentives are also very important to attract and retain the best people”, says Møller. While boasting high levels of employee satisfaction and engagement (eNPS > 60), twoday is now also introducing an investment program giving employees the opportunity to become shareholders, allowing them to share in the success of the company as owners.
New identity symbolises partnership and innovation
twoday symbolises the close partnership between the company’s customers, stakeholders and society, with the goal of developing best-in-class digital solutions for today and the future. twoday also symbolises cooperation and equality as important values for twoday and its customers. “In addition, we want the name to reflect that we are always available to our clients; that we are present, efficient and deliver on time”, says Line Hermansen Sulejewski, Brand and Communication Director in twoday's group management.
About twoday
twoday is a leading IT consulting provider focused on Digital Transformation across the Nordics, delivering mission-critical technology and data-driven solutions to more than 8,000 public and private sector customers. Leveraging the know-how of its over 2,200 technology specialists, twoday works in close partnership with its customers to deliver innovative solutions that transform businesses and societies. As spin-off from business software provider Visma, the company builds on a long-term track record of organic growth and M&A that it aims to accelerate as a standalone company. twoday is owned by its employees and funds advised by investment firm CVC Capital Partners.
About CVC Capital Partners
CVC is a leading private equity and investment advisory firm with a network of 25 offices throughout Europe, Asia and the US, with approximately €133 billion of assets under management. Since its founding in 1981, CVC has secured commitments in excess of €163 billion from some of the world’s leading institutional investors across its private equity and credit strategies. Funds managed or advised by CVC are invested in over 100 companies worldwide, which have combined annual sales of approximately €100 billion and employ more than 550,000 people. For further information about CVC please visit www.cvc.com. Follow us on LinkedIn.
Contact
Carsten Boje Møller, CEO of twoday. Mobile: +4521488431. Email: carsten.b.moller@visma.com.
Line Hermansen Sulejewski, Business Development Manager. Mobile: +4795763593. Email: line.hermansen.sulejewski@visma.com.
