Priveq Invest - 21 Grams acquires Addoro AB

21 Grams acquires Addoro AB

Newsdesk 24/2 15:35

21 Grams acquires 100% of the shares in Addoro AB, and all assets of Addoro Nordic AB, their Nordic distributor. The founding team and all employees of Addoro will join 21 Grams and the Addoro business will become a separate business unit at 21 Grams.

Addoro develops and markets a market leading cloud-based solution for document design and document distribution, where the user controls its business communications regardless of business systems and distribution channel.

The company was founded in 2009, originally as a spinoff of StreamServe AB, which later was acquired by Canadian software group Open Text (Nasdaq OTEX).

Addoro currently has over 500 customers in various segments and has been successful in solutions for example real estate. Clients include Brio, Office Depot, Canon and Ikano.

"- We are very pleased to add Addoro to the 21 Grams group. All members of their team has more than 15 years of experience in document management, and belongs to the absolute elite in software development and services in the area, "says Stefan Blomqvist, CEO of 21 Grams.

"- Addoro has developed well, but now need to get into a larger structure to take advantage of all market opportunities and take the company to the next level in terms of growth and internationalization," states Lars Granelli, CEO of Addoro AB.

"- With 21 Grams? size and position, we can scale up Addoro faster towards partners and major customers. We have worked successfully with 21 Grams for many years and now we build on this foundation together ", says Granelli.

?- For 21 Grams the acquisition of Addoro is a natural development that makes it easier for our customers to access our cost efficient physical mail solutions as well as the portfolio of digital options that are now available with e-invoicing, e-mail boxes, etc. in several countries. Addoro?s self-service feature makes it easier and cheaper for customers to design their own documents and keep them updated through a simple web interface. With Addoro 21 Grams also gets a new local office in Gothenburg close to our key customers in the region", concludes Blomqvist.

For more information:

Stefan Blomqvist, CEO, 21 Grams
Tel: +46 76 808 21 21
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