KMD (company)

KMD (formerly Kommunedata which literally translates to 'municipality data'), develops IT solutions for Danish municipalities, government and others, as well as some branches of the army. Until 2009 it was owned by the municipalities' national association (Kommunernes Landsforening - KL), who sold the company to EQT Partners (85%) and Arbejdsmarkedets Tillægspension (15%).[1] In 2012 EQT Partners sold its stake in the company to the private equity company Advent International.[2] KMD acquired Banqsoft, a Nordic software company that specializes in financial services, in 2015.[3]

For other uses, see KMD (disambiguation).
KMD(Kommunedata)
TypePrivate limited company
IndustryInformation technology
Founded1972
Headquarters
Ballerup, Copenhagen
,
Denmark
Key people
Léo Apotheker(Chairman), Per Johansson (CEO)
ServicesIT solutions
RevenueDKK 4.7 billion (2013) (2013)
DKK 64 million (2013)
OwnersNEC
Number of employees
3,000 (2013)
Websitekmd.dk

Kommunedata was established in 1972 by a merger of municipal IT centres.

KMD currently employs over 3000 employees.[4]

In 2019, Japanese company NEC acquired KMD for 8 billion DKK.[5][6][7]

Subsidiaries
  • KMD BPO
  • KMD Medialogic
  • KMD Poland
  • KMD Sverige AB
  • KMD International
  • Axapoint Aps.

References
  1. "KMD-salg godkendt trods forbehold". 2 March 2009.
  2. "KMD".
  3. "Banqsoft sold to KMD".
  4. "Fakta". www.kmd.dk. Archived from the original on 2011-03-16.
  5. "NEC acquires the largest Danish IT company, KMD".
  6. "KMD to be acquired by NEC Corporation".
  7. "NEC Acquires the Largest Danish IT Company, KMD". www.morningstar.com. Archived from the original on 2018-12-27.


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