Ordina sold Finext to management and employees

Ordina sold its wholly owned subsidiary Finext to approximately 70 professionals working at Finext. The sale of Finext was prompted by Ordina’s strategic choice to focus fully on its core activities in the areas of consulting, ICT and outsourcing. As an independent entity, Finext now has a solid foundation for further growth in line with its own strategy.

Finext is specialised in making tangible improvements to its customers’ financial functions. Customers consult Finext for improving organisational control, cost control, transparency and risk management. In 2010, Finext employed about 110 people and reported a revenue of EUR 14 million.

With over 3,300 employees, Ordina aims to improve the business processes of Dutch and Belgian enterprises. Ordina offers advisory services, develops supporting applications and provides outsourcing services, including IT. In 2010, Ordina reported a revenue of EUR 436 million. Ordina N.V. was incorporated in 1973. Ordina N.V. shares are quoted on Amsterdam’s Euronext Stock Exchange.

PhiDelphi Corporate Finance acted as advisor to Ordina.

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