Trifork Sell Its Shareholding in Next Step Citizen A/S to Syd Energi Holding A/S

AARHUS, Denmark, Jan. 22, 2014 (GLOBE NEWSWIRE) -- Next Step Citizen A/S in Esbjerg is a start-up company founded by Syd Energi Holding A/S and Trifork A/S to target the market for digital welfare solutions (commonly known as Telemedicine solutions). The company was founded in the fall of 2012 and now has developed a Telemedicine IT-platform that enables inter-sectoral collaboration in regard to performing care of patients in their own homes. The platform has been developed in collaboration with the Municipalities in Esbjerg and Horsens and is now implemented in pilot-installations at both locations. Trifork has been responsible for the development of the platform.

The parties that founded the company have decided to simplify the ownership structure in order to ensure 100% focus on the future development of the company. This is done by Trifork selling its shareholding to Syd Energi (SE) and afterwards continuing as subcontractor with the responsibility for the further development of the platform.

Next Step Citizen will continue to focus on delivering attractive Telemedicine solutions to the regions and municipalities in Denmark and will intensify its focus on this marked.

The transfer of shares takes place in best understanding between the parties. The agreement gives Trifork the opportunity to use the developed integration platform in projects internationally and outside of the domain of Next Step Citizen in Denmark.

Joern Larsen, CEO of Trifork, states: "We look forward to continue the work as software development partner for Next Step Citizen and to introduce the Telemedicine solutions on to new markets."

Niels Duedal, CEO in SE, states: "Next Step Citizen has established a platform for growth and we look forward to focus even more on developing digital products and services to the municipalities and regions in Denmark.

The sale will have no significant impact on the financial results of Trifork.

About Trifork

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, Zurich, 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.

Kind regards,

Board of directors, Trifork A/S

Trifork A/S


DK-8000 Arhus C, Denmark

CVR-no. 20921897

ISIN DK0060102887

Shortname: TRIFOR

Phone: +45 8732 8787

Fax: +45 8732 8788


CEO, Joern Larsen

Direct: +41 79 430 9697


Source:Trifork A/S