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 EQT AB Group is a global investment organization founded in 1994. Its funds invest in private equity, infrastructure, real estate, growth equity, and venture capital in Europe, North America, and Asia Pacific. , EQT's assets under management ...

(85%) and

Arbejdsmarkedets Tillægspension Arbejdsmarkedets Tillægspension (ATP) is a supplementary (income-related) pension in Denmark ) , song = ( en, "King Christian stood by the lofty mast") , song_type = National and royal anthem , image_map = EU-Denmark.svg , map_caption ...

(15%). In 2012 EQT Partners sold its stake in the company to the private equity company

Advent International Advent International is a global private equity firm focused on buyouts of companies in Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, growth and strategic restructuring in five core ...

. ''Kommunedata'' was established in 1972 by a merger of municipal IT centres. KMD currently employs over 3000 employees. In 2019, Japanese company

NEC is a Japanese multinational information technology and electronics corporation, headquartered in Minato, Tokyo. The company was known as the Nippon Electric Company, Limited, before rebranding in 1983 as NEC. It provides IT and network soluti ...

acquired KMD for 8 billion DKK.

Subsidiaries

* KMD BPO * KMD Medialogic * KMD Poland * KMD Sverige AB * KMD International * Axapoint Aps.

References

External links

KMDs official website
Software companies of Denmark Software companies based in Copenhagen Companies based in Ballerup Municipality Danish companies established in 1972 1972 establishments in Denmark NEC Corporation {{Denmark-company-stub