Profit Software, a leading Nordic provider of system solutions and services to insurers, banks and financial institutions, has appointed Niklas Midby as its Chairman.
Niklas brings deep board leadership experience in the Nordic financial services industry including Chairman roles with Swedish platform for digital mortgage lending stoEr, the first purely digital bank in Norway Sbanken, life insurance specialist investor Resscapital, Nasdaq OMX, and others.
Niklas will contribute to Profit Software his experience of supporting companies in entering new markets, including while on the board of OX2 (a leading European wind power developer from Sweden) as well as the spin-off of the Norwegian operations of Swedish Skandiabanken into publicly listed Sbanken. Niklas’ leadership will be an asset for Profit Software, whose strategic priority is to broaden its offering of products and services to the financial industry both organically and through acquisitions, most recently resulting in the successful acquisition of Kaakontieto, a provider of information systems to the financial sector.
Commenting on the appointment, Niklas Midby said: “I am thrilled to become Chairman of Profit Software and to have the opportunity to lead the Board in a period of such great momentum. In particular I am looking forward to working closely with the management team led by the Company’s CEO Ilkka Starck and the Volpi Capital team to build out the business across the Nordics.”
Ilkka Starck, CEO of Profit Software, said: “I am delighted with the appointment of Niklas as Chairman. With his deep network and significant experience he will be able to add value from day one and we at Profit Software look forward to working with him and Volpi to execute on our ambitious growth plan and expand our footprint internationally.”
Marco Sodi of Volpi Capital added: “We are excited to partner with someone as senior and well-respected as Niklas Midby. His impressive background and successful track record of leading growing businesses within the financial services industry will help to further reinforce Profit Software’s role as a leading Nordic fintech house.”
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