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New majority owner for the Nordic region’s largest open source IT company

Redpill Linpro Group, the Nordic region’s leading IT company within open source, has a new owner. As of September 18, the Neqst group is the new majority owner of Redpill Linpro and Varnish Software. The previous owner, Sixth AP Fund, has in turn become an investor in Neqst and continues to have a continued significant ownership in the companies, although now indirectly.

“Redpill Linpro first came to Neqst’s attention about two years ago, and we immediately saw the potential in the company,” says Erik Fröberg from Neqst. Since then, discussions have been on-going with management and shareholders regarding future strategies and the future of the company with a new owner.

In addition to Erik Fröberg and Jonas Fredriksson, Neqst is backed by a number of entrepreneurial families that have been successful within the IT industry over the past 30 years. “We are convinced that with our collective competence and network we can contribute to continued positive growth for Redpill Linpro and Varnish Software,” says Erik Fröberg.

The companies’ future strategy is, first, that Redpill Linpro will continue to grow and expand its successful offering and concept within open source in the Nordic region, as well as offer cost-effective, secure and high-quality services to existing and new customers.

At the same time, Varnish Software will continue its global expansion. “2013 has been a fantastic year for Varnish Software thus far. We have won acknowledgement from the market and analysts, and now have significant sales momentum, not least in the US, which is a key market for us. With a new, active owner, we will be able to continue this expansion even better,” says Lars Larsson, CEO of Varnish Software.

“At Redpill Linpro and Varnish Software, we are very glad to have a strong owner with both resources and the same enthusiasm as ourselves for open source and the advantages it provides for our customers,” says Anders Liling, CEO of Redpill Linpro. “Our concept and offering is the result of all of our colleagues’ commitment, energy, competence and drive to show the market that we have a better alternative to offer than the ‘closed world’. We now have the opportunity to take Redpill Linpro and Varnish Software into a new future – and to lift the companies to the next level.”

For more information please contact:

Anders Liling, CEO Redpill Linpro, tel: +46 70 603 36 30, anders.liling@redpill-linpro.com

Lars Larsson, CEO Varnish Software, tel: +46 79 603 36 32 , lars.larsson@redpill-linpro.com

Erik Fröberg, Neqst, tel: +46 708 83 77 88, erik.froberg@neqst.se

Jonas Fredriksson, Neqst, tel: +46 708 725 097, jonas.fredriksson@neqst.se