Trifork A/S
Trifork purchases share in Orchestrate
Trifork A/S 31.05.2013 10:00 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Message No. 08/2013 Aarhus, 2013-05-31 10:00 CEST (GLOBE NEWSWIRE) -- Trifork has acquired a 2% ownership of the Cloud-hosting company Orchestrate. Orchestrate is a newly formed company with a business plan of supplying companies with complex cloud-services based on hosting of several Cloud-based backend systems combined by software, developed by Orchestrate. The customers will have a very simple interface to the use of the services - and will be able to build the use of these into all their applications. The ownership is obtained by a cash deposit of USDm 0.2. 'With this investment Trifork is very close to the development of cloud-services based on several of the platforms where Trifork has focus and severe expertise. At the same we feel that the founders has shown us a great business case that we are sure that they can realize with the energy that they are showing.', says Jørn Larsen, CEO, Trifork. 'We are very pleased to have Trifork on board as a partner in our new setup', says Antony Falco, CEO, Orchestrate and continues: 'The two companies, Orchestrate and Trifork, will collaborate across a number of fronts: building apps for customers, of course, but also in training and market outreach'. About Trifork Trifork was founded in 1996 and is listed on NASDAQ OMX in Copenhagen. It is an innovative software development company focusing on Mobile, Agile and Cloud. It develops and delivers business critical IT systems for several sectors including finance, healthcare, government, manufacturing and telecom. Trifork employs 235 people in 11 offices in Aarhus, Copenhagen, Esbjerg, London, Zürich, Amsterdam, Krakow, Stockholm and San Francisco. At the end of 2012 Trifork had a market value at DKKm 243 / EUR 33M, with a turnover of DKKm 223 / EURm 30. About Orchestrate Orchestrate was founded by Mr. Falco, who has a great experience in 'the world of Clouds'. Orchestrate provides an API service that eliminates the need to deploy databases when building new applications or adding new features to existing applications. A cloud-agnostic service, it unifies all the queries needed to build interactive applications through a single API, allowing developers to rapidly add location, search, activity streams, recommendation features and more. Kind regards, Board of directors, Trifork A/S Trifork A/S Margrethepladsen DK-8000 à rhus C, Denmark CVR-no. 20921897 ISIN DK0060102887 Shortname: TRIFOR Phone: +45 8732 8787 Fax: +45 8732 8788 Contact: CEO, Jørn Larsen Direct: +41 79 430 9697 E-mail: jla@trifork.com News Source: NASDAQ OMX 31.05.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Trifork A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0060102887 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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