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OMAHA, Neb.–(BUSINESS WIRE)–#DevOpsAgilityHealth®, the leading enterprise SaaS platform for measuring and accelerating Business Agility, announces the addition of Srikanth Victory to its executive team as CTO. As Chief Technology Officer, Srikanth will lead technology strategy and execution while operating the company’s platform and products. Srikanth is an industry thought leader, whose robust experience in leading large technology transformations, will strengthen AgilityHealth’s competitive advantage in Digital Transformation, Scalability, and Data Analytics. He will build and scale the company’s SaaS platform and take it to the next level of maturity–enabling the company to lead the market in enterprise Business Agility solutions.


Previously Srikanth was System Vice President at CommonSpirit Health for Digital Products Implementation, where he led the implementation of digital health initiatives. He played a vital role in supporting divisional business units through the implementation of digital products, developing roadmaps, technology builds, and change enablement–which led to accelerating deployment, user adoption, and scalability of digital and other capabilities.

In his previous roles, he delivered significant business outcomes with his expertise in software engineering, design, data, AI and analytics in retail (Walmart and Neiman Marcus) and consumer packaged goods (Kimberly Clark). His cross-industry experience in healthcare, retail, consumer, manufacturing, and e-commerce positions him for success in transforming and scaling the AgilityHealth platform.

Mr. Victory added, “At first glance at AgilityHealth, I immediately felt a sense of awe, and I believe it could become an indispensable platform for every organization trying to build highly productive Agile teams. With my experience in multiple industries, I see how it will fit into any market, industry, or domain. There has been tremendous growth in the product resulting in measurable business outcomes, accelerated Business Agility, and increased efficiency. For companies to avoid disruption, they will need to deliver at speed, be customer-centric and adopt new ways of working at scale. AgilityHealth is the platform that can enable that.”

Victory went on to say, “One of my favorite parts of this product is how it assesses the pulse of an organization by analyzing its performance in team health and maturity, team culture, agile talent and HR, DevOps practices, SAFe® (Scaled Agile® Framework), etc.”

CEO, Sally Elatta shared, “From the first meeting with Srikanth I knew I was speaking to a thought leader, he understood what AgilityHealth does and started to immediately vision what it can do, it was inspirational and I’m really happy he’s part of the team that gets to make that vision a reality.”

Srikanth is passionate about fostering human-centered digital and data-driven approaches through cultural change and is reshaping enterprise digital, technology, architecture, and software capabilities. Srikanth has two master’s degrees: one in Business Administration from Webster University, and another in Mathematics from the University of Madras (India).

About AgilityHealth®

AgilityHealth is the leading enterprise SaaS platform for measuring and accelerating Business Agility. The platform enables organizations to assess and mature their Agile teams, DevOps, Product, Portfolio, HR & Talent Agility across hundreds of technology and business teams using a combination of qualitative (maturity), quantitative (performance) and outcomes (OKR) metrics. It has the largest benchmark of enterprise agility data in the world and publishes research reports on agility industry trends.

Contacts

Sally Elatta
sally@agilityhealthradar.com
(402) 858-0529

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Dan Jones Named Chief Products Officer
Sean Ricker Named Chief Accounting Officer
André Hentz Named Chief Transformation Officer
Tony Barrett Named President & General Manager of Federal Markets

COLUMBIA, Md.–(BUSINESS WIRE)–$BBAIBigBear.ai (NYSE: BBAI), a leader in AI-powered analytics and cyber engineering solutions, today announced several senior leadership promotions that position the Company for success as a more scalable, profitable, and innovative business.

Dan Jones has been promoted to Chief Products Officer, leading all product management, user experience, and engineering functions for BigBear.ai’s SaaS platform and software applications. Reporting directly to BigBear.ai CEO Dr. Reggie Brothers, Jones takes over leadership of the Company’s technology strategy following the departure of Brian Frutchey, former Chief Technology Officer. Frutchey will serve as an advisor to BigBear.ai in support of key Federal Defense and Intelligence customers. Previously, Jones served as BigBear.ai’s Senior Vice President of Products.

Sean Ricker has been promoted to the newly created position of Chief Accounting Officer, reporting to Julie Peffer, Chief Financial Officer. Ricker will develop and deploy financial strategies that strengthen BigBear.ai’s financial position, streamline processes, ensure compliance, and facilitate the Company’s expansion into new areas. Previously, Ricker served as BigBear.ai’s Corporate Controller.

André Hentz has been named to the newly created position of Chief Transformation Officer, consolidating the Chief Operating Officer and Chief Administrative Officer positions. In this role, Hentz will drive organizational improvements and operational efficiency to support the Company’s strategic goals. He will also report to Dr. Brothers. Previously, Hentz served as BigBear.ai’s Chief Administrative Officer.

Tony Barrett has been named President and General Manager of Federal Markets, reporting to Dr. Reggie Brothers, Chief Executive Officer. In this role, he will lead the strategy and delivery of expert consulting and innovative, AI-powered analytics, cyber operations, and digital transformation solutions for BigBear.ai’s Federal customers. Additionally, Barrett will oversee the Company’s Federal business development efforts to deepen customer relationships and build new ones. Previously, Barrett served as the President of BigBear.ai’s Cyber and Engineering sector.

Dr. Brothers stated, “These appointments will strengthen our corporate transformation initiatives and help steer BigBear.ai to achieve efficient and sustainable growth, deliver value to our customers, and become a global leader in SaaS-based augmented analytics and cyber solutions.”

“Since he joined BigBear.ai earlier this year, Dan has demonstrated impressive skill in building the methodologies and standards needed to deliver scalable software and SaaS solutions to our growing customer base. His experience leading product teams for companies like Microsoft, Nordstrom, and Skytap will drive execution excellence in our product development and go-to-market strategies,” said Dr. Brothers. “We are also deeply grateful to Brian for his significant contributions to the formation of BigBear.ai and our technology vision. I’m pleased that Brian will continue to provide valuable insights and technical expertise as an advisor to BigBear.ai. His deep knowledge and understanding of Federal customers will continue to shape novel AI/ML solutions that supplement our broader capabilities.”

“Sean’s extensive experience developing and deploying financial strategies will help to strengthen BigBear.ai’s financial position, enhance reporting practices, and support our targeted expansion, and I know he will bring rigorous oversight to his role,” said Dr. Brothers. “André has delivered results overseeing business operations in large organizations for decades, and he will lead BigBear.ai’s transformation by streamlining our business processes and initiatives to align with our corporate objectives, positioning the Company for long-term scalable and strategic growth. Further, Tony’s deep experience navigating the Defense and Intelligence Community landscapes will enable us to refocus our Federal growth activities on higher-margin solutions-based work, ensuring our critical Federal business grows strategically and efficiently.”

Dan Jones Bio
Dan Jones is the Chief Products Officer at BigBear.ai. He has more than 20 years of product management experience, having most recently served as Senior Vice President, Products at Skytap, where he was responsible for product management, user experience, and product documentation. He previously held senior product and program management roles at Nordstrom, Microsoft, IBM, and HP. Jones received his Bachelor of Science at California Polytechnic University and MBA from Santa Clara University.

Sean Ricker Bio
Sean Ricker is the Chief Accounting Officer at BigBear.ai. In this role, he leads the organization’s accounting, finance, and systems functions. Sean brings extensive experience partnering with executive management to develop and deploy financial strategies that strengthen BigBear.ai’s financial position, improve performance, and expand into new areas. Before joining BigBear.ai, he served in accounting and reporting roles at Lockheed Martin Corporation and is a certified public accountant.

André Hentz Bio
André Hentz is the Chief Transformation Officer at BigBear.ai, where he drives organizational improvements and operational efficiency. He also serves as a member of the Armed Forces Communications and Electronics Association (AFCEA) Homeland Security Committee, where he helps develop new ideas regarding challenges and capabilities that impact government, industry, and academia. Previously, André was the Chief Administrative Officer at BigBear.ai, where he oversaw risk management, facilities, and integration efforts. Before that, he was the Chief Operating Officer at NuWave Solutions, Deputy Under Secretary (Acting) for Science and Technology at the U.S. Department of Homeland Security (DHS), Chief Scientist at S&T, and Senior Leader and Science Advisor to the Under Secretary.

Tony Barrett Bio
Tony Barrett is the President and General Manager of Federal Markets at BigBear.ai. He manages a team of over 550 people whose work spans from the Department of Defense to the Intelligence Community. During his 34-year career as a military officer and industry executive, Tony has earned a reputation as an exceptional leader who collaboratively runs agile, data-driven, matrixed organizations that perform at elite levels, while maintaining a strategic focus on long-term growth. Before his current role, Tony was the President of the Cyber and Engineering Sector at BigBear.ai. As a combat veteran and 3rd generation Marine, Tony is focused on veterans’ health, and he serves as the executive sponsor and chairperson of BigBear.ai’s veteran Employee Resource Group, the Veteran’s Command Post.

About BigBear.ai
BigBear.ai delivers AI-powered analytics and cyber engineering solutions to support mission-critical operations and decision-making in complex, real-world environments. BigBear.ai’s customers, which include the US Intelligence Community, as well as customers in manufacturing, logistics, commercial space, and other sectors, rely on BigBear.ai’s solutions to see and shape their world through reliable, predictive insights and goal-oriented advice. Headquartered in Columbia, Maryland, BigBear.ai has additional locations in Virginia, Massachusetts, Michigan, Alabama, Pennsylvania, Utah and California. For more information, visit: https://bigbear.ai and follow us on Twitter: @BigBearai.

Contacts

Tyler Sigmon
BigBear.ai
443-430-2622
Tyler.Sigmon@bigbear.ai

Reevemark
Paul Caminiti/Delia Cannan/Pam Greene
212-433-4600
bigbear.ai@reevemark.com
OR
investors@bigbear.ai

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Combined businesses focus on practice management technology needs of mid-market law firms

AUSTIN, Texas & SAN FRANCISCO–(BUSINESS WIRE)–Actionstep, the cloud-based practice management platform for law firms, announces that it has acquired the legal software business, LawMaster. The transaction brings together two innovative practice management software companies serving the needs of mid-market law firms. The combined businesses will drive additional technology investment, consolidate many years of learnings in legal tech and provide existing LawMaster customers with extended cloud technologies.

The deal combines more than 50 years of pioneering legal tech development and legal sector knowledge. Together, Actionstep and LawMaster provide a scaled legal tech company with plans to further invest in technology specifically for mid-market law firms.

Actionstep has accelerated its growth in the legal practice market globally with its market leading and powerful cloud-based offering, providing a highly adaptable, all-in-one practice management platform. In 2020, Actionstep received a significant investment from Serent Capital to support the company’s global expansion. With almost 20,000 daily subscribers, Actionstep has achieved significant scale and continues to invest in the development of its technology for the growing mid-market segment.

Stewart Lynn, Partner at Serent Capital added, “We have been tracking LawMaster for a number of years, so when we had the opportunity to bring together LawMaster with Actionstep we immediately saw the opportunity to create an industry-leading platform.”

LawMaster’s customer base of nearly 4,000 daily subscribers is made up of many prestigious Australian firms in the upper mid-market. LawMaster’s primary product is a feature-rich, highly configurable legal practice management solution. Prior to the deal, LawMaster has been investing in cloud technologies and successfully launched Mattero, a strong cloud-based practice management system for smaller practices.

The combination of LawMaster and Actionstep means the new business services over 11,000 subscribers in Australia alone.

The two companies will continue to operate as separate businesses with David Toohey, the founder and CEO of LawMaster continuing to lead LawMaster. David has spent over 40 years developing market leading, functionally rich technology for law firms. This transaction gives LawMaster customers and team members an opportunity to be part of a global business and an exciting future technology investment plan.

The new business will work closely with all LawMaster customers to ensure the continuation of Blue Ribbon quality service and understand their current and future technology requirements.

David Hepburn, Global President of Actionstep commented, “We are excited to join forces with LawMaster, this brings together two amazing companies in the legal tech space, positions us for further growth and will fuel major technology investment to benefit the legal industry. Our priority as a business is to ensure our combined customers enjoy using our software – both day to day and in support of their future business plans.”

David Toohey, CEO, LawMaster commented, “Today begins an exciting new chapter and we are thrilled to be joining the Actionstep team. As ever, we will remain focused on our customers’ needs and building market leading and innovative technology. Under one company with one set of values and a shared roadmap, the unified team can focus on propelling our customers’ businesses to new heights.”

About Actionstep

Actionstep is a fast-growing, dynamic SaaS business with a global customer base and team. Actionstep provides an adaptable, all-in-one legal practice management platform for modern mid-market law firms. Built in the cloud, with workflow at its heart, Actionstep streamlines legal productivity at every step.

Actionstep gives law firms all the tools needed to run a firm with clarity and confidence by combining Matter Management, CRM, Document Assembly & Storage, Time & Billing, Trust & Office Accounting, Reporting and much more in one complete system.

With unlimited scope to adapt and evolve, Actionstep’s legal practice management software takes law firms every step of their journey as thriving legal practices. www.actionstep.com

About LawMaster

The LawMaster group has developed and supports two leading legal practice software products – LawMaster® and mattero™, which provide management solutions for different practice needs.

LawMaster® offers a comprehensive practice management software solution for high volume, commercial legal enterprises. LawMaster®’s fully integrated, intelligent functionality, designed for complex and interrelated matter management, improves visibility and automates administrative tasks to upgrade law firm performance and productivity.

mattero™ provides an intelligent mobile solution that simplifies matter management to maximise performance and legal-life balance. The mattero™ cloud-based tool easily adapts as caseload grows or practitioners may transfer their database to LawMaster® if a larger scale solution is required. www.lawmaster.com.au/

About Serent Capital

Serent Capital invests in growing businesses with compelling solutions that exceed customer needs. As businesses grow and evolve, the opportunities and challenges they face change with them. The principals at Serent Capital have firsthand experience navigating growth through their experiences as CEOs, strategic advisors, and board members to successful businesses. Serent leverages their expertise and capital to help growing businesses thrive. For more information on Serent Capital, visit www.serentcapital.com.

Contacts

Kathleen Rochard
Kathleen.Rochard@SerentCapital.com
www.SerentCapital.com

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Zook brings more than 20 years’ experience helping customers grow and adopt cloud-first strategies

CAMBRIDGE, Mass.–(BUSINESS WIRE)–InterSystems, a creative data technology provider dedicated to helping customers solve the most critical scalability, interoperability, and speed problems, today announced Andy Zook as the new Head of North America Sales. Zook brings more than 20 years of global technology sales experience spanning 14 countries. At InterSystems, Zook will play a crucial role in the next phase of the company’s growth as it meets evolving data management needs for organizations across the globe.

As the world continues to face a perfect storm fueled by supply chain disruption, geopolitical tension, and economic uncertainty, it’s critical that organizations across industries have access to unified, clean, and actionable data to drive better outcomes. As a results-oriented sales leader who is also relentlessly focused on helping customers achieve their desired outcomes, Zook’s impressive background in collaborating with internal cross-functional stakeholders to bring new solutions to the market will be vital to ensuring partner success.

“Andy brings a humble, collaborative leadership style that focuses on developing people and helping them achieve success,” said Paul Grabscheid, Vice President of Strategic Planning at InterSystems. “Along with his interpersonal skills and unique leadership style, Andy has a proven track record for accelerating customer success. He will play a critical role in helping InterSystems, and its partners, meet growing demand for data management and integration solutions across healthcare, finance, manufacturing, supply chain markets, and more.”

Zook comes to InterSystems after a 20-year career at analytics software company SAS where he was most recently the SVP of the Asia-Pacific region.

“While I am grateful for the last 20 years at SAS, I look forward to working alongside the executive team at InterSystems to meet the evolving data management needs of the modern enterprise,” said Zook. “InterSystems has an impressive commitment to customer success and I am excited to join the InterSystems team, supporting and enhancing those relationships.”

InterSystems assists millions of people in more than 80 countries with mission-critical data management decisions. As such, Zook’s commitment to customer success and extensive background in innovating new use cases and replicating them within any industry vertical is an essential skill that will help fuel growth for InterSystems and its partners.

Zook is a graduate of the University of North Carolina – Kenan-Flagler with a Master of Business Administration and a concentration in marketing and entrepreneurship. He also holds a Bachelor of Science in Economics with a minor in statistics from North Carolina State University. He has spent the last 20 years in Singapore but recently moved back to the United States with his family.

To learn more about InterSystems, its leadership team, and how InterSystems technology can help your organization drive better business outcomes through actionable data, visit: www.intersystems.com.

About InterSystems

Established in 1978, InterSystems is the leading provider of next-generation solutions for enterprise digital transformations in the healthcare, finance, manufacturing, and supply chain sectors. Its cloud-first data platforms solve interoperability, speed, and scalability problems for large organizations around the globe. InterSystems is committed to excellence through its award-winning, 24×7 support for customers and partners in more than 80 countries. Privately held and headquartered in Cambridge, Massachusetts, InterSystems has 36 offices in 25 countries worldwide. For more information, please visit InterSystems.com.

Contacts

InterSystems PR:
Jackie D’Andrea
Inkhouse PR
intersystems@inkhouse.com
781-820-5476

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News Highlights:

  • Top leadership viewed Home Connectivity Alliance’s first C2C interoperability demo, a symbol of the cross-industry support for the alliance
  • HCA brings together companies facing the same challenges and provides a path to safe and secure interoperability of connected home products, regardless of manufacturer
  • Manufacturers in the connected home ecosystem are encouraged to join the alliance now to help shape the future of C2C interoperability for the home

BERLIN–(BUSINESS WIRE)–Home Connectivity Alliance (HCA), an organization dedicated to the development and promotion of safe and secure interoperability across long-life appliances, HVAC systems and TVs within the connected home ecosystem, welcomed top leadership from its member companies this week at IFA 2022 in Berlin, Germany.

“The commitment of all of our member companies, both present at IFA and supporting virtually, is a strong example of our continued momentum,” said Yoon Ho Choi, Home Connectivity Alliance President. “This unprecedented alliance of industry leaders from competing companies shows the cross-industry support of HCA’s mission. The technical demonstration at IFA proves we are on the right path towards C2C interoperability and we invite all other connected home manufacturers to join us now.”

Leaders from Arçelik, Electrolux, GE Appliances, LG Electronics, Samsung, and Vestel gathered to view the live demonstration at IFA 2022 at the Home Connectivity Alliance technology showcase. All leaders from member companies provided the following statements:

“At Arçelik, we are dedicated to a sustainable, connected future and have long been at the forefront of innovation in the seamless smart home experience. In this ever-expanding connected home environment, collaboration is essential to simplify control and improve the customer experience while maintaining the safety and security of digital homes. This is why Arçelik is a proud founding member of the Home Connectivity Alliance with the ultimate aim of setting industry standards, as manufacturers, to bring the quality of life at home to a new level. Coming together at IFA this year, we are excited to showcase our collective expertise in facilitating cloud-to-cloud interoperability of smart home devices across brands to simplify control and improve the customer experience while maintaining the safety and security of digital homes.”

– Hakan Bulgurlu, CEO Arçelik

“As a founding member of the Home Connectivity Alliance we are thrilled that we have reached this first important milestone together with our fellow alliance members. Together we can enable products in homes from multiple brands to connect and work seamlessly together and deliver ease of use and convenience for consumers. We look forward to taking the next steps with HCA in Home energy management to enable more sustainable experiences in homes all over the world.”

– Jonas Samuelson, CEO Electrolux

“As a leader in smart home appliance technology and a founding member of the Home Connectivity Alliance, GE Appliances looks forward to helping make the vision of the true smart home a reality. Bringing together global brands across multiple product categories will help create an evolving ecosystem of offerings that will be able to meet the future demands of consumers in today’s rapidly changing world. With an extensive portfolio of smart products and a strong presence in the new construction market, we look forward to bringing together all the smart devices in a home through our SmartHQ application and cloud-to-cloud interoperability.”

– Kevin Nolan, President and CEO of GE Appliances

“As a founding member, Haier is proud to participate and enable Home Connectivity Alliance to present the interoperable demo from scratch in a short time period. It reflects the excellent effort and wide consensus among the member companies. We look forward to connecting Haier Smart Home ecosystem with the global ecosystem partners to enrich the smart home experience for our consumers. We believe that HCA will continue to innovate and fill the gap of IoT industry in the future.”

– Li Huagang, President of Haier Smart Home Co., Ltd.

“LG Electronics has joined the Home Connectivity Alliance as a board member to help provide more choice and convenience to consumers, and to play a leading role in the continuing evolution and strengthening of the smart home ecosystem. We are currently expanding our lineups of ThinQ-enabled appliances while also accelerating the interoperability of our smart home platform with solutions from other HCA-member brands.”

– Lyu Jae-cheol, President of the LG Electronics Home Appliance & Air Solution Company

“Resideo’s work with the Home Connectivity Alliance and other partners who manufacture long-life appliances, HVAC systems and consumer electronics will help ensure safe and secure interoperability of devices across the connected home ecosystem,” said Jay Geldmacher, President and Chief Executive Officer, Resideo Technologies, Inc. “Many homeowners already have smart appliances installed in their homes with many more years of service left and HCA will enable a cloud-to-cloud connection for those appliances to bring greater value in their connected homes. Resideo is motivated to partner with industry leaders and innovators to deliver comfort, safety and energy solutions that help protect what matters most.”

– Jay Geldmacher, President and Chief Executive Officer, Resideo Technologies, Inc.

“Samsung is a founding member of the Home Connectivity Alliance and looks forward to connecting the wide range of global brands through SmartThings to bring seamless experiences for our consumers. This effort will enable not only the new devices but the devices that are already in our homes and expand the convenience to include other global brands, reflecting the real homes of our consumers. HCA can serve as a platform for innovations in home energy management, resulting in a more sustainable world for everyone.”

– JH Han, Samsung Electronics Vice Chairman & CEO

“As a founding member of the Home Connectivity Alliance, Trane Technologies delivers seamless home comfort experiences accelerated through partnerships in the smart home ecosystem. By offering interoperability with Trane and American Standard HVAC systems with other devices in the home, we help consumers make smarter choices about energy usage, which positively impacts their experience as well as the environment.”

– Jason Bingham, President of Residential HVAC and Supply, Trane

Noting that they joined the HCA Board of Directors with the goal of providing users with greater convenience and more options, Turan Erdoğan, Vestel CEO, said: “We are creating a joint communication infrastructure in order to help end users run on a single mobile app the smart products of each and every HCA member. At Vestel, we are also assuming a pioneering role in smart city and smart home platforms with artificial intelligence software and our IoT competencies. We believe that joining the Home Connectivity Alliance will be a driving force for us. This invaluable membership will allow us to reinforce our current position while continuing to take responsibility in setting the standards in the field of IoT, which still has a lot of room for improvement.”

– Turan Erdoğan, Vestel CEO

Member support
HCA was launched in 2022 by leading manufacturers in the connected home space to foster innovation and provide consumers with safe, interoperable appliances in the connected home. HCA now includes 13 brands and features member companies American Standard Heating and Air Conditioning, Arçelik, The Electrolux Group, Haier, GE Appliances, Samsung, Trane Residential, and Vestel. HCA recently welcomed LG Electronics and Resideo as its newest members.

Join Home Connectivity Alliance
Connected home manufacturers are encouraged to join HCA now to be part of the future of C2C interoperability. To learn more about the Home Connectivity Alliance, membership benefits and how to join, visit www.homeconnectivityalliance.org.

About Home Connectivity Alliance
The Home Connectivity Alliance is a member-driven organization dedicated to the development and promotion of safe and secure interoperability across long-life appliances, HVAC systems and TVs within the connected home ecosystem. For more information, visit www.homeconnectivityalliance.org.

Contacts

For more information, please contact:
Liz Nardozza / Kevin Gaboury
Home Connectivity Alliance PR
Telephone: +1 503.313.4309
Email: hca@nereus-worldwide.com

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  • Fabasoft AG takes over the majority of the shares in the company by means of a share purchase and capital increase
  • 4teamwork AG with its headquarters in Bern and locations in St. Gallen and Luzern is specialised in digital business processes in the public administration

LINZ, Austria–(BUSINESS WIRE)–Fabasoft AG today signed a purchase and participation agreement for the acquisition of a majority stake in 4teamwork AG, based in Bern. After full implementation of the contract, Fabasoft AG will hold 70% of the shares in the new Fabasoft 4teamwork AG.

The participation will take place in several steps. First, the indirect acquisition of existing shares of 21.7% from the previous majority shareholder is planned. At the closing, a capital increase is to take place, which will increase Fabasoft AG’s share in 4teamwork AG to approximately 58.5%.

This is to be followed by a merger with Fabasoft Schweiz AG, which in turn will result in Fabasoft AG holding a 70% stake in the new Fabasoft 4teamwork AG.

The closing of the transaction is subject to customary closing conditions and is expected to occur in mid-October 2022. Work on the implementation of the Closing Conditions is already in progress.

The previous CEO of 4teamwork AG, Dr. Pascal Habegger, will retain a 30% stake in Fabasoft 4teamwork AG and will promote further expansion in his existing role.

Software company with a focus on the digital transformation in the public administration
4teamwork AG was founded in 2003 and has become established as one of the key IT service providers for the public administrations of cantons, towns and municipalities in Switzerland under the leadership of the IT specialist and renowned expert for cloud and e-government solutions, Dr. Pascal Habegger.

The company currently has more than 30 employees at three locations and recently achieved a turnover of approximately four million francs.

“Its great expertise in the digital transformation combined with local sales and management capacities make 4teamwork AG the ideal solution partner in the Fabasoft Ecosystem for business activities in Switzerland”, explains Dipl.-Ing. Helmut Fallmann, CEO of Fabasoft AG, who is more than pleased with the potential for growth on the Swiss market with its new strategic partner. Fabasoft is also present in the Swiss canton administration with its software products for digital administrative work.

“Fabasoft is technologically and strategically very well positioned and rightly enjoys a high reputation as a leading European software company and highly certified cloud service provider. Together with the innovative technologies of Fabasoft and the high market presence of 4teamwork, we will be able to perform even better on the Swiss market in the interests of our customers”, says Dr. Pascal Habegger, expressing his confidence in the success of the joint strategic orientation with Fabasoft.

About Fabasoft

Fabasoft is one of the leading software product companies and cloud service providers for digital document, process and records management in Europe. With a unique, powerful ecosystem, Fabasoft implements customer-specific business applications and industry solutions. Numerous well-known private enterprises and public-sector organisations have trusted in the quality and experience of Fabasoft for more than three decades.

Contacts

Klaus Fahrnberger, Investor Relations Manager
E-Mail: ir@fabasoft.com, Telephone: +43 732 60 61 62

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