History and Key Events
Trifork was founded in Denmark in 1996. Between 2007 and 2014, Trifork shares were listed on Nasdaq Copenhagen. At the beginning of 2014, the headquarters was moved to Schindellegi, Switzerland, and Trifork Holding AG was established as the holding company of the Trifork Group. As part of this reorganization, Trifork was delisted from Nasdaq Copenhagen.
Trifork’s milestones and entry into new markets have been supported by the following significant acquisitions:
In 2011, Trifork acquired a controlling stake in Erlang Solutions Ltd., headquartered in London, in order to expand Trifork’s presence to Stockholm, London and Krakow and offer its customers end-to-end solutions in telecommunications, messaging, payment systems and process control.
In 2012, Trifork acquired Orange11, headquartered in Amsterdam. Orange11 was renamed to Trifork right after the acquisition. The product offering complemented that of Trifork and enabled Trifork to expand in the Dutch market.
In 2015, Trifork acquired control of Open Credo Ltd. , headquartered in London, expanding the Trifork’s footprint in the United Kingdom. Trifork acquired all remaining shares in 2016.
In 2016, Trifork acquired an 88% stake in Netic A/S, headquartered in Denmark. The acquisition enhanced Trifork’s capacity to deliver ongoing operational support to its customers.
In 2018, Trifork acquired 51% of Invokers A/S, headquartered in Copenhagen, in order to kick-start the Trifork Smart Enterprise business area and give Trifork the ability to deliver solutions integrating SAP-backend with mobile front-end, and to increase focus on Design Thinking. In 2019, all remaining shares were acquired and the company was renamed to Trifork Smart Enterprise.
In 2020, Trifork acquired a 70% stake in Nine A/S, a Danish next-gen IT company, strengthening and anchoring Trifork’s role as a provider of software development services to the Danish public sector, thereby increasing the diversity of the customer and revenue mix.