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Software powerhouse is born

The Norwegian software companies Navision Software and Damgaard have decided to merge, creating a single business serving 120,000 installations with 2,000 partners and 1,000 employees in 25 countries.

Both companies produce business programs known as Enterprise Resource and Planning (ERP) systems. Navision has specialised in financial programs while Damgaard is best known as a supplier of production software. The name of the merged company, whose first year of revenue will total about USD 18 million (NOR 170 million), will be NavisionDamgaard AS.