BCCAB has entered into a new assignment taking on the interim role as acting General Counsel / Head of Legal for the Extenda Retail Group.
B:son Corporate Consulting AB har ingått ett uppdragsavtal för stöd till Extenda Retail AB avseende interim senior legal counsel för att stötta juristfunktionen och verksamheten i övrigt. Uppdraget har påbörjats den 15 februari 2021.
Extenda Retail har sitt ursprung i sammanslagningen mellan Visma Retail och Extenda – två ledande retail tech-bolag som tillsammans kan erbjuda en bred portfölj lösningar för detaljhandeln. Utbudet sträcker sig hela vägen från kassalösningar (point of sale) och tech-verktyg i butik, till lageroptimering, back office och ERP. Vi är stolta över vår omfattande kundbas som sträcker sig över hela Norden och vidare ut i Europa. Våra lösningar används idag i över 35 länder, en siffra som ständigt växer i takt med våra kunder.
Extenda Retail is a global software provider to retailers. By clever use of technology, we create solutions for the next generation of retail experience. We are proud of our extensive client base of leading retailers spanning 35+ countries and counting. Our software enables smooth transactions, operations, and customer journeys and we specialise in the industries of Grocery, Pharmaceutical, Convenience & fuel, and Fashion & specialised trade.
Experienced investors and a triple Vasaloppet champion invest in fast-growing startup — oversubscribed despite Corona
Race.se has in a short time become Sweden’s largest endurance race platform and in the last six months has expanded the business to 29 countries. Now Race 2 Race AB, the company behind Race.se, closes an oversubscribed investment round in the middle of the ongoing Corona pandemic. The company strengthens its balance sheet with over SEK 5mn and is preparing to continue the growth journey with the goal of becoming the choice for race participants in the world.
We are extremely proud of our growth journey so far and it feels incredible to be able to close an investment round in these times. It’s been a tough job, but we’ve had the support of our investors throughout the process. Now we can focus on developing our business and our international expansion, says Johan Jakobsson, CEO of Race 2 Race AB.
In addition to existing investors, the company also brings in several well-known investors and sports profiles including the triple Vasaloppet winner, Daniel Tynell, and the newly started co-investment risk company Cross Nordic Capital, which is a network of experienced angel investors from Keiretsu Forum Nordics. The co-investment risk company invests in early stages in startups with great potential where they can take an active role and utilize the network’s competence network.
Race.se is on an impressive journey with rapid development, growth, international expansion and, above all, a great potential in the business model. From the first meeting, the revenue model has been clear and the go-to-market strategy as well. In addition to investing in financial resources, we will also actively contribute expertise to help the company during the growth journey, says Anette Nordvall Managing Partner at Cross Nordic Capital.
Despite the pandemic leaving deep footprints in the endurance race industry, Race.se has been able to adapt to the situation by quickly opening up the platform for virtual races. Among other things, the platform can boast of being a partner to Sweden’s largest virtual race, Coronamilen, with almost 9500 participants.
Race.se is a digital platform for endurance races where the company has the ambition to build the world’s best community for race participants. The platform has in a short time expanded to all the world’s continents with global agreements with, among others, the triathlon series, the XTRI World tour, and the world series within Swimrun, ÖTILLÖ. The service is currently taking entries for over 700 races and will have over 100,000 registrations through the system by 2020.
Johan Jakobsson, CEO Race 2 Race AB
Tel: 46 (0) 708–88 52 62
Mycronic moves up to Nasdaq Large Cap
WED, DEC 18, 2019 09:00 CET
Mycronic AB (publ) will on January 2, 2020 be moved up from Nasdaq Mid Cap to Nasdaq Large Cap.
Mycronic is currently listed on Nasdaq Mid Cap, a segment for companies with a stock market value between 150 MEUR and 1 billion EUR. After having had an average stock market value of above 1 billion EUR during November two years in a row, Mycronic will according to Nasdaq rules be moved up to Nasdaq Large Cap from January 2, 2020.
”It is of course really stimulating to become a Large Cap company and at the same time a confirmation of Mycronic’s successful strategy. We will continue along this path, which includes improving the EBIT margin in Assembly Solutions and at the same time maintain and broaden our strong position in Pattern Generators”, says Anders Lindqvist, CEO at Mycronic.
For additional information, please contact:
Acting Director Investor Relations
Tel: +46 70 558 39 19
The information in this press release was published on December 18, 2019 at 9:00 a.m.
Mycronic AB is a Swedish high-tech company engaged in the development, manufacture and marketing of production equipment with high precision and flexibility requirements for the electronics industry. Mycronic headquarters are located in Täby, north of Stockholm and the Group has subsidiaries in China, France, Germany, Japan, Singapore, South Korea, the Netherlands, United Kingdom and the United States. Mycronic AB (publ) is listed on NASDAQ Stockholm. www.mycronic.com
B:son Corporate Consulting AB har ingått ett samarbete med high-tech-företaget Mycronic AB (mycronic.com) om att stödja juristfunktionen på huvudkontoret i Täby, Stockholm.
Mycronic ligger i framkant av elektronikindustrin och skapar världsledande produktionsutrustning för elektronik- och bildskärmstillverkning samt kapsling av elektroniska komponenter. Mycronic finns i mer än 50 länder, har 1 300 anställda och är noterat på NASDAQ, Stockholm, Mid Cap.
”Vi har fått hjälp av Erik i några ärenden vi haft och nu senast hjälpte Erik oss med avtal i samband med att vårt företag förvärvades.
Vi har förlitat oss helt på Eriks kunskaper och kompetens.
Erik är väldigt effektiv och noggrann, det har även varit viktigt för Erik att vi har förstått alla delar i ett komplicerat avtal och vi har känt oss väldigt trygga genom hela processen.”
Taking a look at the THE 2017 ALTERNATIVE LEGAL SERVICE STUDY
As the legal profession continues to evolve and in-house counsel seek partners to assist them in creating value within their enterprise, more and more companies are turning to Alternative Legal Service Providers (ALSPs). When I saw earlier this month that Thomson Reuters, along with Georgetown University Law Center’s Center for the Study of the Legal Profession and the University of Oxford Saïd Business School, published a comprehensive study on Alternative Legal Service Providers, I was curious to hear their findings.
The study shows that 60% of corporate legal departments already work with ALSPs, while another 14% are planning to do so within the next 12 months. Even more interesting than the continued adoption of ALSPs were the reasons why in-house counsel chose to work with ALSPs: expertise, flexibility, and cost.
While the three biggest reasons in-house counsel value ALSPs is likely not all that surprising to most in the industry, the ranking of those reasons may raise a few eyebrows. Many legal professionals might expect cost reduction to be the primary driver of ALSP adoption but, in fact, the most cited reason for use of ALSPs was “access to specialized expertise not available in-house.” This aligns with the evolving role of ALSPs in corporate legal departments, more closely tied to helping solve strategic business problems and adding new capabilities, rather than simply augmenting existing capabilities at a lower cost. Closely following expertise, the second most cited reason to work with ALSPs was “to meet peak demand without having to increase permanent headcount.” Helping to reduce costs, although still an important consideration, ranked as only the third most cited reason why in-house counsel choose to work with ALSPs.
The findings are consistent with what we see at Axiom, where we work with well over half of the Global Fortune 100. While some clients initially turn to Axiom as a potential avenue to reduce outside legal spend, the value proposition becomes increasingly driven by the in-house expertise of our 1,100 person global attorney team (~80% of whom worked in-house prior to joining Axiom), our use of technology, and our business intelligence. Combining that expertise with the flexibility of a variable resourcing model seems to be working for our clients, which probably explains why 95% of our business is repeat.
Leading, innovative legal departments have already begun a material shift to Alternative Legal Service Providers. We may have to wait until next year’s study for confirmation, but the ability to supplement in-house teams’ expertise and bandwidth in a flexible, cost-effective manner is a competitive advantage that is so compelling that it would only make sense for the pace of that shift to continue to accelerate.