The initial public offering in WirTek was concluded on June 22, 2006 with a subscription of 541,303 new shares for gross proceeds of DKK 23.8 million (EUR 3.2 million). WirTek has gained more than 160 new shareholders.
After a successful initial public offering WirTek is now well positioned for the implementation of the company’s growth- and internalisation strategy which includes further expansion of our Romanian software development centre as well as establishment of sales- and project offices in several Western European countries.
First day of trading WirTek shares on the First North market place will be June 29, 2006.
WirTek is a hi-tech software development house with core competencies within embedded software, applications, and infrastructure with a focus on wireless communication. WirTek’s core customers include international telecommunications companies. WirTek has been profitable since it was founded in 2001. During the fiscal year 2004/05, revenue grew by 41 % and profit was up by more than 50 %.