Itadel A/S
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Itadel A/S - overview
Established
2000
Location
-, -, Denmark
Primary Industry
IT Infrastructure
About
Itadel A/S is a Danish IT solutions provider specializing in digital transformation, cloud services, and IT security for small and medium-sized enterprises. Founded in 2000 in Denmark, Itadel A/S has evolved in the technology landscape, with its recent strategic shift involving the merger with ITM8 Holding A/S completed in late 2021. This move is aimed at enhancing customer service and focusing on digital transformation initiatives. The company operates from its headquarters in Denmark and has been involved in three deals, with the latest occurring on May 18, 2021.
Itadel A/S offers a comprehensive set of IT solutions designed for small and medium-sized enterprises, including digital transformation services, artificial intelligence (AI) integration, IT security solutions, cloud services, and enterprise resource planning (ERP) systems. The company collaborates with various sectors, including retail, utilities, and finance, and maintains partnerships with major organizations like Microsoft to broaden its service reach across Denmark and other European markets. In the most recent year, 2020, Itadel A/S generated revenue of USD 51. 12 mn and reported an EBITDA of USD 1.
39 mn. The company's financial structure mainly relies on long-term partnerships with clients, focusing on subscription models and direct service agreements tailored to the unique needs of small and medium-sized enterprises. Following the merger with ITM8 Holding A/S in May 2021, Itadel A/S aims to enhance its customer service offerings and concentrate on digital transformation efforts. The company plans to expand into additional European markets, aiming for significant growth in 2022 and beyond, leveraging the synergies created by the merger.
The rationale for this merger highlights a commitment to improving customer service and digital transformation, which will guide the firm’s strategic initiatives in the coming years.
Current Investors
Itadel A/S / ITM8 Holding A/S
Primary Industry
IT Infrastructure
Sub Industries
Offshore IT Services/IT Outsourcing, Website Hosting, IT Infrastructure
Website
www.itadel.dk
Verticals
Cloud Computing
Company Stage
Merged
Total Amount Raised
Subscriber access only
Itadel A/S - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 |
|---|---|---|---|---|---|
| Revenue (USD) | 448,177,000 | 470,509,000 | - | - | - |
| % Revenue Growth (YoY) | - | 5.0% | - | - | - |
| EBITDA (USD) | 62,129,000 | 71,719,000 | - | - | - |
| Operating Income (USD) | (17,366,000) | (7,581,000) | - | - | - |
| Operating Margin | (3.9%) | (1.6%) | - | - | - |
| % EBITDA Margin | 13.9% | 15.2% | - | - | - |
| NET Income (USD) | (12,693,000) | (3,966,000) | - | - | - |
| % Net Margin | (2.8%) | (0.8%) | - | - | - |
Itadel A/S - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Announced | Itadel A/S / ITM8 Holding A/S | - | ||||||||
| Merger | Completed | Itadel A/S, ITM8 Holding A/S | - | ||||||||
| Trade Sale | Completed | Itadel A/S | - | ||||||||
| Buyout | Completed | Itadel A/S | - |
Displaying 1 - 4 of 4
Itadel A/S - employee data
Itadel A/S - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Member Board Of Directors | BM |
BM Board Member
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