About Us
  • Our service
  • Organization
  • Corporate Governance
  • Investor Relations
  • More
    • MediaNews
    Private equity fund VEX invests in software company Annata
    14.01.2022

    Private equity fund VEX invests in software company Annata

    Frá vinstri: Björn Gunnar Karlsson, Birgir Ragnarsson, Jóhann Ólafur Jónsson (Eigendur og stjórnendur Annata), Ármann Andri Einarsson, fyrirtækja- og fjárfestingarbankasvið Arion banka, Benedikt Ólafsson, Trausti Jónsson, Sigurður Tómasson (Framtakssjóðurinn VEX I) - myndFrá vinstri: Björn Gunnar Karlsson, Birgir Ragnarsson, Jóhann Ólafur Jónsson (Eigendur og stjórnendur Annata), Ármann Andri Einarsson, fyrirtækja- og fjárfestingarbankasvið Arion banka, Benedikt Ólafsson, Trausti Jónsson, Sigurður Tómasson (Framtakssjóðurinn VEX I)

    The private equity fund VEX and co-investors recently reached an agreement on the acquisition of up to a 50% share in the software company Annata, and the transaction will be completed at the beginning of February. Before the acquisition Annata was wholly owned by employees who will continue to lead the company’s future development.

    Annata is an international software company headquartered in Iceland. Annata’s story is part of the strong growth which has taken place in the software industry in Iceland in recent years. The company was founded 20 years ago and to this day it is still run by its founders. The company has approximately 200 employees across 13 countries. Annata develops and delivers business software for companies in the automotive and equipment industries based on Microsoft Azure solutions. Annata has entered into long-term subscription agreements with many of the largest manufacturers and distributors within these two industries.

    Corporate Finance at Arion Bank advised VEX on the transaction. Arion Bank wishes to thank VEX and Annata for their efforts over the last few months and offers its congratulation on the deal to all those involved.