This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Trifork Gets Share In Www.grabsteinfinder.de

AARHUS, Denmark, Oct. 8, 2012 (GLOBE NEWSWIRE) -- Trifork has acquired a 15% ownership of the online platform Grabsteinfinder.de. The ownership is obtained by a commitment of a dedicated 1,000 hours development budget from Trifork. Besides that Trifork will support the further development of the company in the future.

Grabsteinfinder.de has entered the German gravestone market and has built a strong network of stonecutters and suppliers of gravestones across Germany. Recently the platform was launched under www.grabsteinfinder.de .

"Grabsteinfinder.de has with its focus on the gravestone market and its innovative distribution approach a strong potential to transform the German gravestone market. The platform has experienced substantial growth since the start, and has managed to attract suppliers and stonecutters across all of Germany", says Attila Schunke, one of the founders of the company.

"Trifork is proud of being a technology partner of Grabsteinfinder.de. These young people have with their energy and enthusiasm convinced us that they had a great idea. An idea that could be realized with their innovative thinking together with Trifork's IT-know-how and expertise in building advanced online-solutions. The platform we now have helped to develop is seen as a starting point with possibilities to be an online-platform for many other services.", says Jorn Larsen, CEO, Trifork.

Jorn Larsen continues: "The acquisition is in line with the strategy of Trifork focusing on building close partnerships with our customers. As a co-owner of Grabsteinfinder.de we feel confident that Trifork will continue to provide the technology platform for the further growth of the company".

The content of this announcement will have no influence on the previously announced expectations for Trifork in 2012. Trifork expects for 2012 a total revenue of DKKm 230 and an EBITDA-result of DKKm 36.

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 180 people in 8 offices in Aarhus, London, Copenhagen, Zürich, Amsterdam, Krakow, Stockholm and San Francisco. At the end of 2011 Trifork had a market value at almost DKKm 256 / EUR 34M, with a turnover of DKKm 175 / EUR 23M.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,976.31 +263.65 1.49%
S&P 500 2,086.24 +25.22 1.22%
NASDAQ 4,947.4410 +56.2220 1.15%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs