FotoWare has acquired Buildpix AB to enhance its Digital Asset Management capabilities and strengthen its position in the media and retail sectors in Sweden.
Information on the Target
FotoWare, founded in 1997, is a prominent provider of Digital Asset Management (DAM) solutions, specializing in helping organizations manage, organize, and share their digital assets effectively. Since becoming part of the Viking Growth investment in June 2020, FotoWare has been focused on enhancing its offerings by seeking complementary acquisitions that broaden its capabilities and market reach.
The recent acquisition of Buildpix AB represents a significant step in this direction. Buildpix, established 18 years ago, has carved out a niche in delivering DAM solutions particularly within the media and retail sectors. The integration of Buildpix is expected to bolster FotoWare's existing customer base while enhancing service delivery in Sweden.
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Industry Overview in Sweden
The digital asset management industry in Sweden is witnessing rapid growth driven by an increase in content production across various sectors. As businesses aim to manage their media files strategically, the demand for sop
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