Penneo extends the agreement with Bankdata

Company Announcement No. 30-2022
Copenhagen, 4 November 2022

Penneo announces that it’s expanding the agreement with Bankdata, extending the usage of Penneo Sign to the private customers of Bankdata’s member institutions. 

In company announcement No. 32-2021, Penneo announced an agreement to roll out Penneo’s Sign software in the eight financial institutions of Bankdata and in Denmark. Bankdata now expands the collaboration, as Bankdata’s member institutions extend the usage to include signing for their private customers.

The expanded cooperation is of strategic importance and demonstrates execution of the strategy and strengthens Penneo’s position as a market leading Sign solution within financial industries.

Penneo’s CEO, Christian Stendevad, comments on the deal: “The expanded collaboration with Bankdata solidifies Penneo Sign’s market leading position in the financial industry. This is an exciting opportunity, and we look forward to helping Bankdata and their member institutions to provide a modern, improved experience to their private customers.”

The deal does not change Penneo’s ARR guidance for 2022 which continues to be 70-75m DKK (company announcement no. 29-2022).

Bankdata provides IT solutions to the financial sector and is owned by eight Danish financial institutions. Bankdata is one of the largest FinTech companies in Denmark with more than 700 employees.