Silkeborg Data A/S

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Silkeborg Data A/S - overview

Established

1996

Location

Aarhus, -, Denmark

Primary Industry

Software

About

Silkeborg Data A/S is a Danish company focused on delivering payroll and personnel solutions for the public sector, streamlining operations and enhancing administrative efficiency across governmental agencies and municipalities. Founded in 1996 and headquartered in Aarhus, Denmark, Silkeborg Data A/S specializes in payroll and personnel management solutions. The company was acquired by EG A/S (EDB Gruppen) in October 2015. The CEO is Johnny Iversen.


Silkeborg Data specializes in providing flexible payroll and personnel solutions tailored for the public sector in Denmark. Their core offerings streamline payroll and personnel administration across all organizational levels, ensuring efficiency and compliance with regulations. These products address specific challenges in payroll processes and help clients effectively manage their workforce while minimizing administrative burdens. Silkeborg Data primarily serves public sector entities including municipalities and government agencies, with a focus on the Danish market, but may also extend to similar organizations in other Nordic countries.


In 2019, Silkeborg Data reported a revenue of USD 43. 13 mn, with an EBITDA of USD 10. 21 mn for the same year. The company generates revenue primarily through subscription-based models and service partnerships with public sector clients, engaging in long-term contracts to provide continuous support and updates for their payroll and personnel solutions.


Silkeborg Data A/S is focusing on enhancing its product offerings to better serve the public sector. Future plans include the development of new products aimed at increasing operational efficiency and compliance for clients. The company is also considering expanding its presence into other Nordic markets. The acquisition by EG A/S in 2015 may facilitate access to resources to support these initiatives.


Current Investors

Axcel, EG A/S

Primary Industry

Software

Sub Industries

Government, Recruitment/Executive Search, Accounting/Finance Software

Website

www.silkeborgdata.dk

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Silkeborg Data A/S - financials

Fiscal Year EndedDec 31, 2010Dec 31, 2011Dec 31, 2012Dec 31, 2013Dec 31, 2014Dec 31, 2015Dec 31, 2016Dec 31, 2017Dec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021
Revenue (USD)164,917,000204,231,000235,417,000251,017,000274,043,000261,802,000280,324,000261,461,000274,411,000---
% Revenue Growth (YoY)-23.8%15.3%6.6%9.2%(4.5%)7.1%(6.7%)5.0%---
EBITDA (USD)14,565,00026,304,00047,097,00036,928,00060,025,00032,514,00097,897,00050,491,00040,587,000---
Operating Income (USD)12,967,00024,574,00044,508,00029,038,00057,705,00026,089,00083,510,00031,054,00033,573,000---
Operating Margin7.9%12.0%18.9%11.6%21.1%10.0%29.8%11.9%12.2%---
% EBITDA Margin8.8%12.9%20.0%14.7%21.9%12.4%34.9%19.3%14.8%---
NET Income (USD)1,697,00023,484,00035,673,00022,053,00043,938,00020,383,00067,271,00031,300,00034,504,000---
% Net Margin1.0%11.5%15.2%8.8%16.0%7.8%24.0%12.0%12.6%---

Silkeborg Data A/S - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedAltiplan Aps-
Add-on, Trade SaleCompletedSilkeborg Data A/S-
BuyoutCompletedSilkeborg Data A/S-

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