Huddlestock Fintech

Regulatory Filings • Aug 22, 2024

Huddlestock signs Consulting agreement with new Danish customer

Huddlestock signs Consulting agreement with new Danish customer

22.8.2024 07:00:00 CEST | Huddlestock Fintech AS | Non-regulatory press releases

Huddlestock, a leading provider of investment technology and services through

its two business areas Investment-as-a-Service (IaaS) and Consulting (Visigon),

has entered into an agreement to provide consulting services to a new

undisclosed wealth management customer located in Denmark. The Visigon team will

support the customer in technology and business processes, and the agreement is

a result of combined sales efforts across IaaS and Consulting.

"I am very pleased to see how our combined organization now works structurally

towards our common growth ambitions," says Leif Arnold Thomas, CEO of

Huddlestock. "Our company has been through a period of high M&A-activity, and in

the first half of 2024 we spent a lot of effort to identify and utilize synergy

potentials. Cross-selling activities across the group's combined customers is

one key element for our combined success."

Visigon currently delivers professional services to leading tier-one banks and

financial institutions in Sweden and Denmark. Leveraging its extensive

experience, the team will guide the wealth management industry in aligning its

processes and technology with the high standards of its existing customers.

Huddlestock operates in a self-reinforcing growth market characterized by an

increasing number of investment platforms, more investors, and evolving investor

preferences. The IaaS-platform is set to be the company's main growth driver,

give customers access to investment tools and expertise without the need for

extensive infrastructure or in-house resources and quickly deploy modern and

cost-effective financial services solutions.

Within its existing geographies in Norway, Sweden and Denmark, Huddlestock sees

a large untapped potential for the group's combined technology and services. The

company pursues this both by upselling and cross-selling to existing customers

across the groups divisions, while it is continuously pursuing new customer

wins.

CONTACTS

* Leif Arnold Thomas, Chief Executive Officer, Huddlestock Fintech AS, +47 982

15 520, leif.thomas@huddlestock.com

ABOUT HUDDLESTOCK FINTECH AS

Huddlestock is an innovative technology software provider through its

Investment-as-a-service offering, with full operational service support and a

leading financial Consultancy services business. We deliver innovative and

sustainable technology and operational solutions to companies offering financial

products and services.

Find out more at huddlestock.com - https://www.huddlestock.com/

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17848032/18209720/4869/Download%20announce

ment%20as%20PDF.pdf

240822_Huddlestock signs Consulting agreement with new Danish customer.pdf -

https://kommunikasjon.ntb.no/ir-files/17848032/18209720/4868/240822_Huddlestock%

20signs%20Consulting%20agreement%20with%20new%20Danish%20customer.pdf