Vitec Software acquires 4.8% stake in Nordkap

Vitec Software Group subsidiary Malmkroppen has acquired a 4.8% stake in real estate treasury management platform Nordkap.

Sweden-based Nordkap provides real estate companies with a platform to improve controls over their financial position via reports and analysis among other things.

Founded in 2011 offers software to support various industries including auto, education, publishing, real estate, finance and insurance, pharmacy, and more.

The company operates in Sweden, Denmark, Finland, Norway and Estonia.

Malmkroppen CEO Patrik Fransson said, ?Nordkap is a young software company with a great opportunity for continued growth, for a long time to come. We have always liked companies that have a strong niche proposition.

?Nordkap has that proposition, and they have already acquired a leading position in Sweden. We hope that we can contribute with knowledge about the software industry but also about the real estate industry, in which we have been active for many years.p>

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