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QBIM

qbim.se

Founded Year

2013

Stage

Acquired | Acquired

Valuation

$0000 

About QBIM

QBIM helps businesses develop by providing them with data-driven business intelligence software.On April 17th, 2020, QBIM was acquired by SpectrumOne for $1.3M.

Headquarters Location

Magasin 2

Karlstad, 652 19,

Sweden

+46 0733 322 922

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Latest QBIM News

SpectrumOne AB announces the acquisition of the data analytics and consulting company Qbim AB - SpectrumOne

Apr 17, 2020

SpectrumOne Fri, Apr 17, 2020 14:30 CET SpectrumOne announces today the acquisition of the data analytics and consulting company Qbim AB. The purchase transaction is conducted via cash and shares, with no additional share issue to current shareholders. Qbim deliver and implement an automated solution allowing for the easy combination of various different data sources. Based around this, Qbim provide their clients with highly sophisticated Business Intelligence and Analytics. Qbim have successfuly delivered many projects with well-known international companies. Qbim have demonstrated increases in revenues and is today a highly profitable company with very competitive net margins. Qbim have a core focus on the following key areas: Software as a Service (SaaS) - Qbim provide their clients with a monthly reporting solution delivering key updates on their business Advanced Analytics and Visualization - Using historical customer and transactional data, Qbim deliver predictability patterns coupled with advanced insights to their clients across various industries Data Warehouse – ERP - With on demand consulting, Qbim have the capacity to operate projects, supplementing their client’s IT departments. Enabling the creation of smart data stores, creating connections between various systems and specific modules within BI. Implement & Support - Qbim deliver world class support and technical maintenance, supporting daily operations, needs analysis and project management. These areas serve to enable IT and Business working together with a successful BI in place. SpectrumOne will now gain access to a partner who can provide key services and resources across a wider range of services, boosting delivery capacity and excellence, whilst enabling advanced innovation within our business. As part of SpectrumOne, both companies will strengthen their abilities around the development and delivery of custom solutions in Data Management, Analytics and Business Intelligence. Qbim will continue to operate under their existing brand for the time being. SpectrumOne will work closely with management to further strengthen financial capacity, increase growth and accelerate profitable business. SpectrumOne CEO Hosni Teque-Omeirat stated “Acquiring Qbim has been a long term-goal for us. Combining the two organizations will enable us to have an excellent execution partner, further allowing us to stay on top regarding our development of the Market. Qbim has demonstrated tremendous performance power with many innovative projects, along with a business model we find very attractive, developing customer adopted software for their clients. I see a great opportunity for scaling this business, building on their success to reach further clients with existing offerings within Qbim’s portfolio. Additionally, many of Qbim existing client engagements are really spot on regarding enriching and visualization with the SpectrumOne platform.” Qbim CEO Mikael Hyensjö commented “Us having taken the opportunity to merge with SpectrumOne is a natural step on our growth journey. For many years we have developed and run the company in order to be best in class in what we do. On our journey we have developed exceptional solutions to our customers whilst staying ahead with our development. We have grown, created profitability since we started and managed to sign significant clients with whom we have created further valuable solutions. We have built a culture of delivering and are now in phase where we can now grow significantly. With the expertise in SpectrumOne we have the strength to do it faster and bigger.” Qbim is based in Karlstad Sweden from where they have aquired clients throughout Scandinavia. Having achieved a core competence with developing and implementing highly sophisticated BI and Analytics platforms. Qbim has engaged in several projects with the higher education system in Sweden and has showed a tremendous capacity to solve their client’s data needs. Qbim has 8 employees and forecasted to have a revenue of about SEK 7.0 million and a profit of about SEK 1.5 million for the fiscal year that ends in March this year. Acquisition terms Under the share purchase agreement Spectrumone AB will acquire 100% of the shares in Qbim from the existing owners for a total purchase price of SEK 13,280,000. The purchase price will be settled by SEK 8,000,000 in cash and 5,280,000 in shares by setting off a sales credit of the same amount in SpectrumOne at a subscription price of SEK 1.50 per share. The cash part of the purchase price will be settled in two equal instalments. The first instalment is to be settled on the closing of the transaction together with the share consideration on closing date April 30, 2020,  while the second instalment and the share consideration will be settled on or before April 30, 2021. In addition, an additional purchase price amounting to 75 % of the profit growth between March 31, 2020 to March 31, 2021. The shares to be issued as consideration are subject to a lock up clause for a period of 12 months. In addition, the new 3,520,000 shares will be registered after the record date for the warrants described in a pressrelease earlier today and thus not eligible for participating in the said warrants issue. For further information contact: Telefon: +46 8 503 015 50  ca@mangold.se  www.mangold.seSpectrumOne  AB (publ) is obligated to publish this information under the EU Market Abuse Regulation. The information was provided by the above contact person's auspices, for publication on April 17, 2020 at 2.30 p.m. CET. About SpectrumOne SpectrumOne is a leading technology company delivering an advanced Data Management, Analytics & Communications platform suite. Offered in a SaaS online service shipping with rich market data from various professional providers, SpectrumOne provides a unique solution to many leading actors across industry segments in various countries. Enabling clients with fast and easy  access to data insight and visualisation coupled with powerful search, segmentation and mapping features. SpectrumOne allows data to be quickly enabled and operationalised, driving activities from customer communication to data science supporting business analysis, strategy and growth. All of which can be enabled literally the same day with immediate results. SpectrumOne´s headquarters are based in Stockholm, Sweden, responsible for Nordic sales and strategy, with additional sales and business development located in Oslo, Norway. The technical services and development center is located in Brussels, Belgium, with branch offices in France and Western Norway. SpectrumOne is listed on Nasdaq First North Growth Market in Stockholm and Merkur Market in Oslo. About Us About SpectrumOneSpectrumOne is a leading technology company delivering an advanced Data Management, Analytics & Communications platform suite. Offered in a SaaS online service shipping with rich market data from various professional providers, SpectrumOne provides a unique solution to many leading actors across industry segments in various countries. Enabling clients with fast and easy access to data insight and visualisation coupled with powerful search, segmentation and mapping features. SpectrumOne allows data to be quickly enabled and operationalised, driving activities from customer communication to data science supporting business analysis, strategy and growth. All of which can be enabled literally the same day with immediate results.SpectrumOne´s headquarters are based in Stockholm, Sweden, responsible for Nordic sales and strategy, with additional sales and business development located in Oslo, Norway. SpectrumOne is listed on Nasdaq First North Growth Market in Stockholm and Merkur Market in Oslo.

QBIM Frequently Asked Questions (FAQ)

  • When was QBIM founded?

    QBIM was founded in 2013.

  • Where is QBIM's headquarters?

    QBIM's headquarters is located at Magasin 2 , Karlstad.

  • What is QBIM's latest funding round?

    QBIM's latest funding round is Acquired.

  • Who are the investors of QBIM?

    Investors of QBIM include SpectrumOne.

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