March 2015
Financial advisor to the shareholders of CDRator in the sale to Enghouse Systems
ATRIUM has acted as exclusive financial advisor to the shareholders in CDRator A/S in connection with the sale of the company to the Canadian software company Enghouse Systems Limited.
CDRator has developed an end-to-end billing and customer care platform for mobile telecommunications companies and companies within machine-to-machine communications. From its headquarter in Ballerup, 130 employees serve the customer base in Europe, North America, Australia and Africa.
Enghouse provides enterprise software solutions to a variety of vertical markets. The company is listed on the Toronto Stock Exchange and had sales of approx. 1.2 bn DKK in 2013/14.
As a part of the Enghouse group, CDRator will benefit from a much larger geographical footprint, and the combination of the two companies will create significant cross-selling opportunities.
In the sales process, ATRIUM drew on its international network in the ADVIOR International to include a number of interested parties around the world.
"ATRIUM Corporate Finance has been a competent and professional advisor throughout the process, which for the company and owners was essential in creating the opportunity and ensuring the completion of the transaction. The ATRIUM team has been an excellent partner during the entire sales process"
Ib Kunøe, chairman of CDRator
