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"We couldn't hope for a better partner than Catella", said Nils-Robert Persson, Chairman of Cinnober Financial Technology. "We have a high appreciation of each other's organisations and see each other as long-term partners".
For Catella this is a long-term investment, based on a strong belief in Cinnober's business idea and the company's continuous success.
"We have been impressed by the strong growth Cinnober has shown historically. The company has an excellent reputation and strong competence in providing platforms for financial transactions to customers all over the world", said Stefan Widenfeldt, CEO of Catella Capital, the asset management operations of Catella.
Cinnober Financial Technology AB
Cinnober Financial Technology AB was founded in 1998 with a vision to develop a flexible and fast platform for financial transactions, using the possibilities Java enables. Since then, the company has grown to employ over 80 persons.
Cinnober's major competence is in exchange systems, trading applications and Internet solutions. The company is and has been profitable since day one. Cinnober has a strong capital base and is well prepared for future development.
In December 2004 Cinnober was awarded "Super Gazelle" (Supergasell) of the year, being the fastest growing company in Sweden with a growth of 806% from 1999-2003.
Catella
Catella is a financial group focusing on asset management, financial advice and its own investments. By contributing both knowledge and capital, Catella is able to generate unique conditions for its customers.
During 2004, Catella acted as financial advisor in transactions with a combined transaction value of €5 billion. Catella Capital manages close to €2 billion on behalf of customers. In addition, Catella is the full or partial owner of some 50 companies with a total of approximately 2,500 employees.
Catella was founded in 1987 and currently has operations in eight European countries.
For further information please visit www.cinnober.com or www.catella.se.
