The leading Nordic technology investor Eqvitec Technology Fund III has entered into an agreement to invest into a Norwegian company, KSD Software Norway AS.

KSD Software is a software company providing solutions for customs clearance and external logistics systems in transportation, retail and trading industries. Main international products are called “Customs World Wide” (CWW), “Transport, Logistics, Administration” (TLA) and “Edicom Transport” (ET). Companies like Adidas, Bahco, DHL, Helly Hansen, and IKEA (among others) use KSD’s products on international basis. KSD is a market leader already in Scandinavia.

“Eqvitec is experienced VC firm with wide knowledge and competence in the technology industry. Located in Finland and Scandinavia which is our home market – and also with Eqvitec’s international network – they are able to contribute considerably in the coming years. KSD Software is in position to be one of the major players in customs handling and logistics in Europe - and with a new established company in US and further plans for Far East, we have a lot of possibilities and challenges to handle in the way forward. We really look forward to work together with Eqvitec to develop KSD Software further the coming years” says Svenn Widerberg, CEO in KSD Software. 

  “KSD Software is one of the most exciting growth companies in the Nordics today. The company has already proven to have world class competence in automated customs and logistics systems by serving some of the world’s most demanding customers who rely on KSD’s products in order to keep their edge in the increasingly competitive environment. Companies are facing more and more challenges with increasing volumes in world trading, this is the market that KSD is addressing”, states Partner Jukka Jokinen from Eqvitec Partners, the advisor of Eqvitec Technology Fund III.
   
ABOUT THE COMPANIES:
KSD Software Norway AS is a software system provider in automated customs clearance, transportation, forwarding and logistics industries. Headquartered in Oslo, the group employs about 100 employees and has regional offices in Great Britain, Germany, France, Benelux and new established company in USA in addition to its offices in eight cities around the Nordic countries. The company has been privately owned having a AAA credit rating from Dun and Bradstreet. For further information, visit www.KSDSoftware.com .

Eqvitec Partners Oy is one of the largest technology focused venture capital and private equity firms in Northern Europe. The company was founded in 1997 and employs 15 investments professionals in Helsinki and Stockholm. Eqvitec Partners currently advises five funds with a total capital base of 440 million euros. The funds invest in technology companies in all phases from start-up to buyouts. At the moment the funds have investments in 40 companies and have carried out 35 exits. More information can be found at www.eqvitec.com.

For further information, please contact:

Svenn Widerberg, CEO, KSD Software Norway AS
Tel. +47 93 24 86 73, email: svenn.widerberg(at)ksdsoftware.com

Jukka Jokinen, Partner, Eqvitec Partners Oy
Tel. +358 50 562 3623, email: jukka.jokinen(at)eqvitec.com