On June 10th 2016, Palette acquired Business Solutions from KIBI. Through this acquisition, Palette becomes the market leader in the Nordics. The deal will also strengthen the position on the world market.
KIBI Business Solutions has many small and medium-sized enterprises and service bureaus in their customer base. They have 22 employees spread across offices in Stockholm, Oslo and Copenhagen.
KIBI Business Solutions’ customer segment will complement Palette’s existing customer base, which mainly consists of medium-sized businesses and larger companies.
– A bigger company means more opportunities. This acquisition gives us broader expertise within Electronic Invoicing in general and in the public sector specifically. In addition, we expand our product portfolio with Enterprise Content Management, something Palette has not had before, said Lars Ola Petters, CEO of Palette.
The common competence of Palette and KIBI Business Solutions will bring many advantages and customer benefit. We will continue to offer the best solutions to the market and be a confident supplier for our customers.
For further information, read the press release here.
Following the acquistion, KIBI Business Solutions changes name to Palette Business Solutions. Palette Business Solutions will remain a separate business unit within Palette Software.