ARHUS, Denmark, June 10, 2011 (GLOBE NEWSWIRE) -- Erlang Solutions is the only company providing global support for Erlang/OTP, an open source technology from Ericsson AB. Erlang/OTP is a key foundation technology for many companies including: Basho, VMware, Ericsson, Facebook, Nokia, Motorola, Amazon.com, and the Swedish bank Klarna. Erlang Solutions has several interesting products in the pipeline, and made a total 2010-revenue of DKKm 24 and an EBIT-result a little over DKKm 3. The company now has over 50 employees in UK, Sweden and Poland.
With the partnership Trifork and Erlang Solutions will both expand their international footprint, and leverage synergies in delivering global products and services, and the companies will be jointly represented in Aarhus, Copenhagen, Zürich, London, Stockholm and Krakow.
Through the acquisition Trifork and Erlang Solutions will be able to deliver end to end solutions in telecommunications, messaging, payment systems and process control.
Summary
- When completed, the transaction is expected to have the following effect on Trifork's financial performance in 2011:
- Trifork expect the revenue for the Fiscal year 2011 to increase from DKKm 170 to DKKm 180.
- Trifork will acquire fifty percent of the shares in Erlang Solutions, which will continue to trade as an independent business.
- Trifork will acquire fifty percent of the shares in Erlang Solutions, which will continue to trade as an independent business.
"We will jointly pursue new market opportunities across the board," said Joern Larsen, CEO, Trifork A/S. "Building on our recent acquisitions, including Basho Technologies, Trifork is expanding its presence in Europe and the US. Erlang Solutions is the market leader in Erlang and the opportunity to cross-sell our training and conference offerings has phenomenal potential. Trifork will continue to grow as a family of companies keeping their uniqueness to the market intact because smaller companies are agile and as a family we will be greater than the sum of the parts."
"Trifork has a strong track record in delivering end to end solutions using best of breed technology and processes," said Stuart Whitfield, CEO Erlang Solutions. "Erlang Solutions will complement this by capitalizing on its expertise in Erlang to deliver highly scalable, reliable and distributed systems."
Regards,
The board of directors for Trifork A/S
About Erlang Solutions Ltd
Erlang Solutions specialises in supporting businesses with the creation, integration, delivery and lifetime support of products and services based on the Erlang programming language (a programming language that is very strong in handling concurrency and performance in large scale solutions). The company have customers from small developers to several Fortune 500 corporations. For further information please visit .
Trifork CEO Jorn Larsen, +45 4072 8483
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