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Press release 2022-03-29

Sitevision joins forces with IK Partners for continued growth

Sitevision welcomes IK Partners as a new minority owner and partner to further develop its offering and expand internationally.

– IK Partners has previously made successful journeys with similar companies. Together, we will develop and establish Sitevision internationally so that we can continue to be the best platform for our customers, says Anders Korsvall, CEO of Sitevision.

Sitevisions huvudkontor i Örebro

Since 2009, Sitevision has been ranked as Sweden's most popular CMS for websites and intranets, according to the independent analysis company Web Service Award. Sitevision is used by more than half of Sweden’s municipalities, at the same time as the number of customers in the private sector has increased steadily in recent years.

Strenghtening its position in Nordics

Sitevision is investing in international expansion and bringing in a partner to accelerate. In the first phase, Sitevision will consolidate its position in the Nordic region among public and private actors and then scale up its international presence.

Following a rigorous process where the company met several potential partners, the choice fell on IK Partners, which specializes in internationalizing and developing technology-oriented growth companies. IK Partners acquires its share from the founders Anders Korsvall, Karl Eklöf and Niclas Hedlund, who continue to be majority owners and remain active in the company.

– We have been developing Sitevision for twenty years. With IK Partners, we gain relevant experience and expertise to take the next step. Their values ​​are in line with ours and they have both local presence in Sweden and an international platform, says Anders Korsvall, CEO of Sitevision and continues:

– IK Partners has made successful journeys with similar companies as ours. Together, we will develop and establish Sitevision internationally so that we can continue to be the best platform for our customers. We want to fulfill our brand promise "Tell your world" for customers all over Europe, says Anders Korsvall, CEO of Sitevision.

Rapidly changing market

The CMS market has changed rapidly in recent years and communicating effectively with customers and employees has never been more important. In conjunction with the founders, IK Partners will continue to invest in the company's technical platform, further strengthen its position among public and private customers in Sweden, and drive expansion in the Nordic region and internationally.

– Sitevision has established an exceptional reputation in Sweden as a supplier of a secure, user-friendly and very capable product offering. We look forward to working with the team to further develop the company's offering and to expand to nearby markets, says Carl Jakobsson, director at IK Partners.

EY was exclusive Corporate Finance Advisor to the three co-founders of Sitevision. Law firm Delphi was legal advisor.


For further questions, please contact:

Sitevision

Anders Korsvall
Phone: +46 (0)705687846
anders.korsvall@sitevision.se

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