Itiviti and ULLINK complete merger
Itiviti AB has completed its merger with ULLINK as of 14 March 2018. The combined company now has annual sales exceeding USD200 million, 1,000 employees and local presence in major financial markets across Europe, Asia-Pacific and the Americas.
The intention to combine Itiviti and ULLINK was jointly communicated by the companies and owner Nordic Capital on 28 November, 2017.
The Board has appointed Torben Munch as Chief Executive Officer of the combined entity.
“Torben Munch’s leadership has been instrumental for shaping Itiviti’s organisation from a diverse group into a unified team and for developing a solid, coherent offering aligned with market requirements and individual customer needs,” says Per E Larsson, Chairman of the Board, Itiviti. “Torben has built a great team and has successfully applied a keen strategic vision coupled with a passion for customer satisfaction. Now as we unite the teams of ULLINK and Itiviti to reach for the next level, we are glad that Torben has accepted to lead the new combined team on this exciting mission.
"As ULLINK’s CEO Didier Bouillard has elected to leave the company I would like to thank Didier for his significant contributions, including his support for facilitating this merger. I wish Didier all the best in his future endeavours."
Munch says: “Entering a new phase as the head of Itiviti’s business, I am fortunate to lead an organisation with outstanding credentials, in terms of what ULLINK and Itiviti together bring to the table. With a new team taking shape from our combined pool of talents, I want to share our enthusiasm for this union with all our customers. Ultimately though, this merger will be judged by our delivery. Our products, solutions and the services we provide must validate that we are growing into an even more capable supplier and partner; one that can best satisfy the needs of the customers’ business, enabling their strategic initiatives as well as providing unfaltering daily support to sell-side and buy-side financial institutions. Knowing the eminent qualities of ULLINK and Itiviti, I have every reason to believe we are bound for success in this pursuit.”