ProData Consult adds investment from Polaris.
ProData Consult, a Copenhagen, Denmark-based independent consultancy focused on business and IT consultants, announced it has entered into an agreement with Polaris Private Equity to acquire a majority shareholding in the company.
The financial details of the deal remain undisclosed. Prior to this deal, the company has been owned by a group of leading employees and board members.
ProData Consult, founded in 1994 and led by CEO Søren Rode, provides high-end business and IT consultants to its clients and has a large network of competent and experienced IT specialists. The company saw 30% yoy revenue growth in 2017, with DKK 910M based on the company’s core business, in particular to clients within financial services.
ProDataConsult’s successful Polish ‘nearshoring-as-a-service’ solution (‘NaaS’), which provides Scandinavian clients access to Polish IT consultants with strong specialist competencies, continued the strong development in 2017 with growth exceeding 40%. The group has activities in Denmark, Norway, Sweden, Poland, Germany and the Netherlands.