AARHUS, Denmark, Oct. 31, 2013 (GLOBE NEWSWIRE) -- Trifork has confirmed an additional 4% ownership of the shares in the Canadian company C4Media Inc. After this purchase Trifork now owns 9% of the total share-capital in the company. The ownership is obtained by a cash deposit of USDm 0.5.
Trifork has worked together with C4Media in several years where the Qcon-conferences and other events are planned and implemented in close corporation.
"Trifork is very happy that we now are even closer with C4Media and are of the belief that we in the future will be able to have even more mutual benefit from each others competences and knowhow", says Jorn Larsen, CEO, Trifork.
The content of this announcement will have no influence on the previously announced financial expectation for Trifork in 2013. Previously announced for 2013 is total revenue of DKKm 245 and an EBITDA-result of DKKm 32.
Trifork was founded in 1996 and is listed on NASDAQ OMX in Copenhagen. It is an innovative software development company focusing on Mobile, Agile and Cloud. It develops and delivers business critical IT systems for several sectors including finance, healthcare, government, manufacturing and telecom. Trifork employs 265 people in 12 offices in Aarhus, Copenhagen, Esbjerg, London, Zürich, Amsterdam, Krakow, Budapest, Stockholm and San Francisco. At the end of 2012 Trifork had a market value at DKKm 243 / EUR 33M, with a turnover in 2012 of DKKm 223 / EURm 30.
C4Media focuses on distribution of knowledge about innovative software development. This is done through their internet-based platform InfoQ and through IT-conferences. In many years Trifork has worked together with the company in developing and implementing the Qcon conferences.
With over 700,000 people visiting the InfoQ platform every month this is a unique platform to get in contact with a large amount of software developers.
Board of directors, Trifork A/S
DK-8000 Arhus C, Denmark
Phone: +45 8732 8787
Fax: +45 8732 8788
CEO, Jorn Larsen
Direct: +41 79 430 9697