Mercur takes up investment from Sobro

Mercur, a Stockholm, Sweden-based developer and supplier of business management and decision support solutions, announced that it sol a 58% equity package to the Swedish investment company Sobro.

Financial details of the transaction remained undisclosed. The company's management remains as a significant owner and the operational activities are not changed by the new ownership structure.

Mercur, led by CEO Ulf Alkelin, built a proprietary product, Mercur Business Control application, delivering business management and decision support solutions used, for example, for budget, forecast, reporting, analysis and target management. The company has annual sales of approximately SEK 70 million ($7.3M).