View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 4, 2004

EDB business partner sells Polish venture

IT services provider EDB Business Partner ASA has sold its 51% stake in its Polish joint venture EDB Ster Polska to partner company Ster Projekt SA, just two years after setting it up.

By CBR Staff Writer

Oslo, Norway-based EDB teamed with Warsaw, Poland-based Ster Projekt to create the venture in November 2001 which was aimed at providing back office applications and related services to Poland’s financial services sector. EDB said that it would receive NOK 3.4m ($500,000) for selling its 51% stake.

The disposal follows EDB’s plan of pulling out of all its ventures outside the Nordic region. The company sold its Dutch subsidiary EDB MaXware Benelux to Clear2Pay in October 2003.

This article is based on material originally produced by ComputerWire.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.