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Addedo and Pointer enter into a Strategic Partnership Agreement.

2007-02-21 : Stockholm, Sweden

Addedo recently entered into a strategic partnership agreement with Pointer to deliver CPM (Corporate Performance Management) solutions for the European market. Together the two organizations will become a competitive player with close to unique delivery capability within BI (business intelligence) and CPM, with the ambition to grow across Europe.

Under the agreement, the two firms will cross-market services to provide the best solutions for their clients. With direct access to a greater array of services, both firms are optimistic about the possibilities for their customers and see this arrangement as a precursor to mutual benefit and future growth.

A group of Senior Financial Consolidation consultants are transferring from Pointer to Addedo, at the same time as Pointer keep and strengthen their current customer relations. This move deepens Addedo’s competence yet more within this market. Addedo and Pointer will cooperate around sales and delivery of a combined CPM offer.

“This is an important step for Pointer to reach out and establish ourselves on the European market” says Hellen Wollin Lidgard, Managing Director of Pointer. She continues “we see great synergies in the contacts and relations of Addedo in places like North America, Switzerland and the UK together with Pointer’s leading CPM competence.

“Through this cooperation with Pointer, we will strengthen our offering to Group Finance and deepen our competence to better address the challenges of the CFO and Office of Group Finance. In addition we will improve on our market position in Sweden. Together Addedo and Pointer will be able to offer complete CPM solutions to our customers,” says Johannes Westergärden Managing Director, Addedo Group.

About Pointer

Pointer is a Swedish market leading supplier of consulting services within decision support and business performance management. Among the customers are Electrolux, Länsförsäkringar, Skandia, TeliaSonera and V&S Group. Pointer is since July 2007 a part of Bisnode – Europe’s leading publisher of digital business information, with services in credit, market and product information. Bisnode has operations in 19 countries and 2500 employees.

About Addedo

Addedo is an independent consultancy. Our consultants work for the CFOs and Group Finance function. We identify and implement improvements in partnership with our clients. Through information technology and process changes we help transform these improvements into better corporate performance. We serve a large client base ranging from emerging businesses to the largest Fortune 3500. Common for many of our clients is that they want to improve and support their reporting and consolidation process.

Addedo has offices in Sweden and Switzerland and the UK. This is where the bulk of our customers are located, even though many of our consultants are engaged in projects throughout Europe.

We strive to be the pan European consultancy partner to Group Finance.

Hellen Wohlin Lidgard, MD, Pointer AB, hellen.wohlin@pointer.se

+ 46 73 625 51 00 (mobile) .

Johannes Westergärden, MD Addedo Group, johannes.westergarden@addedo.com

+46 70 3217733 (mobile)

Addedo har implementerat en lösning som vi så länge drömt om. Med en knapptryckning allokeras data från källsystemet enligt vissa nycklar och importeras in i Cognos Controller. Vi kan nu lägga vår tid på analyser istället för att stansa data. Vårt nästa steg är att hämta in mer information. Både jag och rapportörerna ser fram emot att kunna göra det.”

-Tomas Cederholm, Group Accountant

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