Trifork Labs acquires 40% of Develco with focus on the Smart Building business area

Acquisitions

Summary

Aarhus, 30 September, 2021 - Trifork, a provider of NextGen IT-services and solutions, has through its Labs business made a financial investment in Develco, that develops solutions within IoT (Internet of Things), wireless communication and embedding software in electronic devices, thereby supporting Trifork’s Smart Building business area. Trifork and Develco have been working together for several years, creating the perfect cohesion between hardware and software, namely user-friendly and safe solutions to operate the products. Develco develops products based on electronics and embedded software, wireless communication technology and IoT solutions combined with strong project management. As part of its innovation program, Trifork produces technical content in collaboration with hundreds of tech-experts from the leading universities and startups. With the GOTO brand and its YouTube tech-channel, Trifork serves a world-wide tech community of more than 240,000 people and with more than 25 million views since its inception.

Classifications

industries
Fintech & Banking
applications
Web and Content Management

AskAI Classifications

Labels
Embedded Software Development Internet of Things (IoT) Product Development

Linked Companies

Develco
$1M to $5M
Trifork A/S
$50M to $100M