WM-data

Infobox_Company
company_name = WM-data – a LogicaCMG company
company_type = Subsidiary
company_
company_slogan =
foundation = 1969
location = Sweden, Norway, Finland, Denmark
key_people = Börje Ekholm, Non-Executive Chairman Crister Stjernfelt, Chief Executive Officer
num_employees = ~9,000 (2006)
revenue = profit 10 billion SEK (2005)
industry = IT Services, Consulting
products = Business consulting, IT and value-added business process outsourcing, systems integration, telecoms products and solutions
homepage = [http://www.wmdata.com/ www.wmdata.com]
parent = LogicaCMG

WM-data – a LogicaCMG company is a Swedish IT consultancy company based in Stockholm, and since October 10, 2006, a subsidiary to LogicaCMG.cite web | title=WM-data is now a part of the international IT-services company LogicaCMG | author=Crister Stjernfelt | publisher=WM-data | url=http://www.wmdata.com/wmwebb/topArticleMainPage/topArticleMainPage.asp?TId=11&BId=84 | accessdate=October 16 | accessyear=2006] . It was quoted on the Stockholm Stock Exchange (SSE) as a member of the "A-list", but after LogicaCMG's acquisition, WM-data was dequoted. The company is active in the Nordic countries, including Sweden, Norway, Denmark and Finland, and has around 9,000 employees. There are local offices in Estonia and Poland as well. In 2005, it realised a turnover of 10 billion SEK (1.4 billion USD; 1.1 billion EUR).

History

WM-data was founded by Thord Wilkne and Hans Mellström (the W and M in the company's name) in 1969 in Stockholm, Sweden. Today the company is one of Sweden's leading IT company and has regional offices in numerous cities located in the Nordic countries. The company offers overall solutions in IT related areas. It is divided in three branches: branding, specialist and infrastructure, where its main areas are the secondary sector of industry, commerce and logistics, bank, finance and insurance, telecommunications, public sector, medicine and health care, and utility.

Market

Its main market is the Nordic countries and its main customers are large companies and organisations. The Swedish branch stands for around 65 % of the turnover, Denmark 15 %, Norway and Finland around 10 % each.

Acquisitions

In May, 2005, WM-data acquired Atos Origin's operations in Sweden and Norway for approximately 1.33 billion SEK. The parties also agreed to an Enterprise Alliance Agreement to strengthen future cooperations. [cite web | title=WM-data acquires Atos Origin’s operations in Sweden and Norway | publisher=Waymaker.net | url=http://wpy.observer.se/wpyfs/00/00/00/00/00/05/C8/3B/wkr0001.pdf | format=pdf | accessdate=October 17 | accessyear=2006]

On August 21, 2006, British LogicaCMG announced their offer to acquire WM-data's entire share capital. [cite web | title=Statement of the Board of Directors of WM-data AB (publ) in relation to the public offer by LogicaCMG plc for the shares and convertible debentures of WM-data AB (publ) | author=WM-data AB (publ) Board of Directors | publisher=WM-data AB (publ) | url=http://www.wmdata.com/wmwebb/menu1/pressReleases/pressReleaseDocument.asp?id=2006082120290 | accessdate=August 22 | accessyear=2006] If the acquisition goes through LogicaCMG expects WM-data to be the company's fourth best "moneymaker" after Great Britain, the Netherlands and France. The Nordic region will compromise 23 % of the group's turnover and will be the largest geographic area.cite web | title=Norden mindre viktigt för brittiskt WM-data | author=Mats Brandon | publisher=IT.BRANSCHEN | url=http://itbranschen.idg.se/ArticlePages/200609/15/20060915134338_ITB642/20060915134338_ITB642.dbp.asp | language=Swedish | accessdate=September 19 | accessyear=2006]

On October 10, 2006, LogicaCMG announced that over 85 % of WM-data's shareholders agreed to sell their shares, which means that WM-data is, as of October 10, a subsidiary of LogicaCMG.

References

Notes

Web pages

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