Vitec expands its credit facility

Vitec Software Group AB (publ) expands its credit facility in Nordea and SEB with SEK 1 000 million to SEK 2,500 million

“Through the credit facility, we secure capital that allows us to continue our long-term strategy to grow through acquisition of well-established vertical software companies,” says Olle Backman, CEO of Vitec Software Group.

For more information, please contact

Olle Backman, CEO, Vitec Software Group AB (publ), mobile +46 70 632 89 93
Patrik Fransson, Investor Relations, Vitec Software Group AB (publ), mobile +46 76 942 85 97

About Vitec

Vitec is market leader for Vertical Market Software in the Nordic region. We develop and deliver

standard niche software. Vitec grows through acquisitions of well-managed and well-established

software companies. The Group's overall processes together with the employees' in-depth knowledge

of the customer's local market enables continuous improvement and innovation. Vitec has 1,020

employees, is listed on Nasdaq Stockholm, and had net sales of SEK 1,571 million in 2021. Find

more at www.vitecsoftware.com.