Gabler – one of the leading independent commercial providers of pension and asset management in Norway – has high ambitions for the Nordic Market with an acquisition-based growth strategy. Investing in a new solution for investment management will ensure further scalability and broad business support out of the newly-established office in Copenhagen.
Gabler, who serve over 400,000 pension entitlements with a combined capital under advice of NOK 110 billion, took an important step towards fulfilling their Scandinavian ambition with the establishment of Gabler Denmark earlier this year. With the choice of a new investment management platform, Gabler is taking another important step forward. After a thorough screening of the market, Vitec Aloc, one of the Nordic region’s leading software companies for asset management solutions, and their market-compliant solution, PORTMAN, were chosen as the new supplier.
“With PORTMAN, we get a flexible, scalable and not least cost-effective SaaS solution that matches our ambitions. PORTMANs modular concept makes it possible for us to cover the requirements and business needs we currently have as a service provider for pension and insurance companies and large asset managers, including funds and family offices, while also being geared towards the future, as it can easily be expanded with more modules when the need arises. Vitec Aloc is also based in and focused on the Nordic region, which is important to us as they are close to our market and to us as a Scandinavian company,” says Gabler Denmark.
The solution, which is expected to be put into operation at the start of the new year, will initially handle the management of a Danish Life and Pension investment portfolio. After this, the PORTMAN solution is expected to be implemented in Norway to support Gabler’s Asset Management business. The project in Denmark has started and is being led by Thomas Skou, who as of 1 August 2022 has been in the role of Chief Capital Markets Officer.
“We are very pleased that Gabler has chosen PORTMAN as part of their ambitious strategy, and we’re looking forward to a long-term and close collaboration. For us, choosing us as a provider demonstrates our elevated value proposition, where we have been successful in recent years in becoming a real alternative to the larger global providers that are otherwise typically chosen within the capital markets field,” says Mikkel Rahbek Brunse, CEO of Vitec Aloc.
Vitec is a market leader in Vertical Market Software in the Nordic region. We develop and supply standard software to different industries. Vitec’s growth strategy is to acquire software companies that are established in the market and that are also well run. The group’s overall processes, in combination with our employees’ in-depth knowledge of the client’s local market, create good conditions for improvements and continued innovation. Vitec has 1,050 employees, is listed on Nasdaq Stockholm, and had a revenue of SEK 1,571 million in 2021. Learn more about Vitec at www.vitecsoftware.com.
If you have any questions, or would like to know more, please contact Mikkel Rahbek Brunse, CEO, at +45 29997160 or send us an email.
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