WM-data
Encyclopedia
WM-data was a Swedish
IT consultancy company based in Stockholm
, and was completely incorporated by Logica on February 27, 2008. The company was quoted on the Stockholm Stock Exchange
(SSE) as a member of the A-list, but after LogicaCMG's acquisition, WM-data was dequoted. The company was active in the Nordic countries
, including Sweden
, Norway
, Denmark
and Finland
, and had around 9,000 employees. There were local offices in Estonia
and Poland
as well, which are now Logica offices. In 2005, it realised a turnover
of 10 billion SEK
(1.4 billion USD
; 1.1 billion EUR
).
ing, specialist and infrastructure
, where its main areas were the secondary sector of industry
, commerce
and logistics
, bank
, finance
and insurance
, telecommunications, public sector
, medicine
and health care
, and utility
.
The company was acquired by Logica PLC in 2006.
's operations in Sweden and Norway for approximately 1.33 billion SEK. The parties also agreed to an Enterprise Alliance Agreement to strengthen future cooperations.
In August, 2006, British
LogicaCMG announced their offer to acquire WM-data's entire share capital
. Later, in October, WM-data became a subsidiary
of LogicaCMG after 85% of the shareholders agreed to sell their shares. At the time the Nordic region compromised 23% of the group's turnover and was the largest geographic area.
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....
IT consultancy company based in Stockholm
Stockholm
Stockholm is the capital and the largest city of Sweden and constitutes the most populated urban area in Scandinavia. Stockholm is the most populous city in Sweden, with a population of 851,155 in the municipality , 1.37 million in the urban area , and around 2.1 million in the metropolitan area...
, and was completely incorporated by Logica on February 27, 2008. The company was quoted on the Stockholm Stock Exchange
Stockholm Stock Exchange
The Stockholm Stock Exchange is a stock exchange located in Stockholm, Sweden. Founded in 1863 it is the primary securities exchange of the Nordic Countries....
(SSE) as a member of the A-list, but after LogicaCMG's acquisition, WM-data was dequoted. The company was active in the Nordic countries
Nordic countries
The Nordic countries make up a region in Northern Europe and the North Atlantic which consists of Denmark, Finland, Iceland, Norway and Sweden and their associated territories, the Faroe Islands, Greenland and Åland...
, including Sweden
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....
, Norway
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
, Denmark
Denmark
Denmark is a Scandinavian country in Northern Europe. The countries of Denmark and Greenland, as well as the Faroe Islands, constitute the Kingdom of Denmark . It is the southernmost of the Nordic countries, southwest of Sweden and south of Norway, and bordered to the south by Germany. Denmark...
and Finland
Finland
Finland , officially the Republic of Finland, is a Nordic country situated in the Fennoscandian region of Northern Europe. It is bordered by Sweden in the west, Norway in the north and Russia in the east, while Estonia lies to its south across the Gulf of Finland.Around 5.4 million people reside...
, and had around 9,000 employees. There were local offices in Estonia
Estonia
Estonia , officially the Republic of Estonia , is a state in the Baltic region of Northern Europe. It is bordered to the north by the Gulf of Finland, to the west by the Baltic Sea, to the south by Latvia , and to the east by Lake Peipsi and the Russian Federation . Across the Baltic Sea lies...
and Poland
Poland
Poland , officially the Republic of Poland , is a country in Central Europe bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus and Lithuania to the east; and the Baltic Sea and Kaliningrad Oblast, a Russian exclave, to the north...
as well, which are now Logica offices. In 2005, it realised a turnover
Revenue
In business, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. In many countries, such as the United Kingdom, revenue is referred to as turnover....
of 10 billion SEK
Swedish krona
The krona has been the currency of Sweden since 1873. Both the ISO code "SEK" and currency sign "kr" are in common use; the former precedes or follows the value, the latter usually follows it, but especially in the past, it sometimes preceded the value...
(1.4 billion USD
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
; 1.1 billion EUR
Euro
The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...
).
History
WM-data was founded by Thord Wilkne and Hans Mellström (the W and M in the company's name) in 1969 in Stockholm, Sweden. In 2008 the company was one of Sweden's leading IT company and had regional offices in numerous cities located in the Nordic countries. The company offered overall solutions in IT related areas. It was divided in three branches: brandBrand
The American Marketing Association defines a brand as a "Name, term, design, symbol, or any other feature that identifies one seller's good or service as distinct from those of other sellers."...
ing, specialist and infrastructure
Infrastructure
Infrastructure is basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function...
, where its main areas were the secondary sector of industry
Secondary sector of industry
The secondary sector of the economy or industrial sector includes those economic sectors that create a finished, tangible product: production and construction.-Function:...
, commerce
Commerce
While business refers to the value-creating activities of an organization for profit, commerce means the whole system of an economy that constitutes an environment for business. The system includes legal, economic, political, social, cultural, and technological systems that are in operation in any...
and logistics
Logistics
Logistics is the management of the flow of goods between the point of origin and the point of destination in order to meet the requirements of customers or corporations. Logistics involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and...
, bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
, finance
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
and insurance
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...
, telecommunications, public sector
Public sector
The public sector, sometimes referred to as the state sector, is a part of the state that deals with either the production, delivery and allocation of goods and services by and for the government or its citizens, whether national, regional or local/municipal.Examples of public sector activity range...
, medicine
Medicine
Medicine is the science and art of healing. It encompasses a variety of health care practices evolved to maintain and restore health by the prevention and treatment of illness....
and health care
Health care
Health care is the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in humans. Health care is delivered by practitioners in medicine, chiropractic, dentistry, nursing, pharmacy, allied health, and other care providers...
, and utility
Utility
In economics, utility is a measure of customer satisfaction, referring to the total satisfaction received by a consumer from consuming a good or service....
.
The company was acquired by Logica PLC in 2006.
Market
Its main market was the Nordic countries and its main customers were large companies and organisations. The Swedish branch stood for around 65% of the turnover, Denmark 15%, Norway and Finland around 10% each.Acquisitions
In May, 2005, WM-data acquired Atos OriginAtos Origin
Atos S.A. is an international information technology corporation which operates in 42 countries worldwide, with over 78,500 employees...
's operations in Sweden and Norway for approximately 1.33 billion SEK. The parties also agreed to an Enterprise Alliance Agreement to strengthen future cooperations.
In August, 2006, British
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
LogicaCMG announced their offer to acquire WM-data's entire share capital
Share capital
Share capital or issued capital or capital stock refers to the portion of a company's equity that has been obtained by trading stock to a shareholder for cash or an equivalent item of capital value...
. Later, in October, WM-data became a subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
of LogicaCMG after 85% of the shareholders agreed to sell their shares. At the time the Nordic region compromised 23% of the group's turnover and was the largest geographic area.