EG acquires ØS Indsigt and strengthens its position in the public sector
Today, EG announces the acquisition of the financial management system ØS Indsigt. The system, previously owned by a group of municipalities and regions, has been developed and operated by EG since 1998. The acquisition supports EG's strategy of being the preferred provider of industry-specific standard software for the public sector.
With the acquisition of ØS Indsigt, EG strengthens its position as one of the leading software providers for the public sector. Today, EG offers a wide range of software solutions for payroll and rostering, self-service, and industry-specific solutions tailored especially for municipalities and regions.
“With the acquisition of ØS Indsigt, we take even greater responsibility to ensure that municipalities and regions continue to have access to a future-proof financial system.
We can now offer our customers an integrated solution combining payroll, rostering, and financial management. This creates greater competition in the public market and strengthens EG's position as a provider of business-critical software designed in collaboration with the public sector,” says CEO Mikkel Bardram, EG.
From municipal ownership to commercial development
ØS Indsigt was originally developed in 1977 when a group of municipalities and counties joined forces to create a financial management system that met the public sector’s needs for financial management. Since 1998, EG has been a central partner in the system's development.
“I am pleased that we now have a secure, flexible, and market-adapted system that we can offer to even more municipalities and regions,” says Executive Vice President Johnny Iversen, Healthcare & Citizen Welfare, EG.
The Owners’ Support for the Sale
The ownership group behind ØS Indsigt has unanimously supported the sale to EG:
“As the ownership group behind ØS Indsigt, we are very satisfied that the sale to EG ensures the continued development of the system. We have had a long and successful collaboration with EG, and we are confident that their deep knowledge and understanding will enhance the development of ØS Indsigt,” says Johnny Olesen, Chair of the ØS Indsigt Ownership Group.
Continued Development on Commercial Terms
ØS Indsigt a reliable and well-proven financial solution for municipalities and regions, continuously expanded with new modules over the years.
“The demands for security, quality, and development of a financial management system like ØS Indsigt are constantly increasing. Financial management is essential for efficient operations, and therefore we must be able to offer municipalities and regions precisely a system like ØS Indsigt, which meets their daily needs.
With EG as the owner, the close dialogue with the current customers will naturally continue, and we see great opportunities to leverage new technologies such as AI in the system's ongoing development. We look forward to offering ØS Indsigt to even more municipalities and regions on competitive and commercial terms,” says Senior Vice President Rasmus Dalby Martinussen, Payroll, Rostering & Finance, EG.
About ØS Indsigt
ØS Indsigt is a modern, modular, and corporate financial management system that integrates with other external specialized systems such as BI/LIS and E-commerce. The system supports key financial functions, including budgeting, asset accounting, vouchers, chart of accounts, and payments. ØS Indsigt is used by two regions and 12 municipalities.
About EG
EG creates software made for you – built specifically for your industry, by peers from your industry, and backed by EG's scale for stability, innovation, and security. EG employs over 2,400 people and in 2023 Group revenue reached DKK 2.3 billion.
We are committed to advancing industries by tackling challenges like resource use, efficiency, and sustainability.
Read more: About EG
Further information
Spokesperson
Mikkel Bardram, CEO
Press Contact
Tine Rasmussen, Head of Corporate Communications
tiner@eg.dk
+45 2969 0677