ITM8 Holding A/S
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ITM8 Holding A/S - overview
Established
2003
Location
Herning, -, Denmark
Primary Industry
IT Infrastructure
About
Based in Denmark, ITM8 Holding A/S specializes in providing comprehensive IT solutions, including Cyber Security and Business Systems, tailored to meet the needs of small and medium-sized enterprises across Europe. ITM8 Holding A/S, located in Herning, Denmark, was founded in 2003 by Troels Gammelgaard. The company focuses on delivering IT solutions, including Cyber Security and Business Systems. In May 2021, ITM8 merged with Itadel A/S to enhance customer service offerings and focus on digital transformation.
The current CEO is Søren Frandsen. The company has completed a total of 3 deals, with the most recent deal occurring on May 18, 2021. ITM8 offers a wide array of IT solutions designed for small and medium-sized enterprises. Their primary offerings include Cyber Security services, such as the NIST Framework and Cyber Defence Center, aimed at protecting businesses from cyber threats.
Additionally, ITM8 provides Business Systems solutions, which encompass ERP, CRM, and Business Intelligence tools that help streamline operations. Furthermore, the company specializes in IT Infrastructure and Operations, offering services like IT Outsourcing, Backup, and Disaster Recovery to ensure operational continuity. Their target markets include the UK, Denmark, and Sweden, catering primarily to businesses seeking robust IT support. In the most recent year, ITM8 reported a revenue of USD 149.
53 mn and an EBITDA of USD 23. 09 mn for 2023. The company operates on a B2B model and generates revenue through service subscriptions and partnerships with its clients, typically involving upfront fees and ongoing service agreements. ITM8 plans to enhance its offerings and expand its market presence following its merger with Itadel A/S in 2021.
This merger will allow the company to strengthen and expand its customer service capabilities while focusing on digital transformation. The company is looking to introduce new products and services in the near future, although specific timelines have not been disclosed. ITM8 aims to penetrate new markets across Europe, with a clear focus on regions that show potential for growth.
Current Investors
Adelis Equity, Itadel A/S / ITM8 Holding A/S
Primary Industry
IT Infrastructure
Sub Industries
Consulting Services, Offshore IT Services/IT Outsourcing, IT Infrastructure, IT Security/Cybersecurity, Analytics & Performance Software
Website
www.itm8.com/
Verticals
Cloud Computing
Company Stage
Mature
Total Amount Raised
Subscriber access only
ITM8 Holding A/S - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Announced | Itadel A/S / ITM8 Holding A/S | - | ||||||||
| Trade Sale | Completed | Itadel A/S | - | ||||||||
| Merger | Completed | Itadel A/S, ITM8 Holding A/S | - | ||||||||
| Add-on | Completed | Improsec A/S | - | ||||||||
| Add-on | Completed | Miracle 42 A/S | - |
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