4 April 2019

Vitec Software Group hires Olle Backman as new CFO

Vitec has appointed Olle Backman as the new Chief Financial Officer (CFO). Olle has a solid background as recent CEO of Eitech AB and CFO for a larger business area within Vinci Energies Norden, the listed French group that acquired Eitech 2018.

- I am very pleased to welcome Olle to Vitec. Olle has a solid financial background combined with long experience of leadership. Olle has worked in both small and large companies in both listed and private environments, as CFO and CEO. He has an experience that fits well into our group with many smaller operational units but which together constitute a significantly larger business, says Lars Stenlund CEO, Vitec .

- I have followed Vitec ever since its introduction in the Innovation Market in 1998 and I am impressed by the company's development. For me, it is important that the company's values are in line with my own. It has been a thorough process from both sides and I feel safe in my choice, and look forward to becoming a part of Vitec,”says Olle Backman.



For more information, please contact

Lars Stenlund, CEO Vitec Software Group AB (publ), mobil. +46 70 659 49 39



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. Our 650 employees are based in Denmark, Finland, Norway and Sweden. Vitec is listed on Nasdaq Stockholm and had net sales of SEK 1 017 million in 2018. Find more at www.vitecsoftware.com.