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We are happy to announce that as of 2020-01-14 the Gothenburg based investment company JCE became new majority shareholder in Systemite AB. This strengthens the foundation for Systemite’s continued expansion by getting a financially strong majority owner, as well as adding competencies to the owner group and board of directors. At the same time Systemite becomes part of a larger context in the JCE company portfolio. The mission for Systemite remains unchanged – to be a leading supplier of information management solutions to product developing organisations around the globe, and we are excited about continuing to execute our plan in this new context.

Press release

Gothenburg, Sweden - January 15th, 2020

JCE acquires Systemite AB – creator and owner of SystemWeaver

JCE acquires a majority stake in Systemite AB, a Nordic leading software company providing a cutting edge platform for complex product development that allows developers, managers and organizations to gain increased control of their information flows. The founders will remain as minority owners and will continue to be active in the company. Systemite AB, founded in 2000 and based in Gothenburg Sweden, has since inception had an early understanding of what the future of product development would look like, i.e. comprehending the core needs; collaboration, adaptability and scalability, in order to manage the high complexity of development information.

“Systemite AB has a great track record since the start and it is clear that their software will be critical for organization wanting to keep control in ever more complex product development. With their capabilities, bridging traditional ALM, PLM and MBSE systems they have unique position on the market. The ambition is now to continue to grow the business in Europe and rest of the world together with the founders and existing management team”, says Carl Backman, CEO of JCE.

“With JCE as our new majority owner we see a bright future. Continuing our track record of building world class product, and at the same time getting access to a larger network of specialists and industry experts. These will be important factors in how we build our organization and bring our product SystemWeaver into the future”, says Åsa Pahne, CEO of Systemite AB.

The investment in Systemite AB is an important step in JCEs ambition of building a strong portfolio within the enterprise software segment.

For further information, please contact:

Carl Backman, CEO JCE Tel: +46 703 97 90 05 carl.backman@jcegroup.se

Åsa Pahne, CEO Systemite AB +46 708 12 96 84 asa.pahne@systemite.se

Claes Anderson, Co-Founder Systemite AB +46 709 11 87 00 claes.anderson@systemite.se

About JCE
JCE is a privately owned, diversified investment company based in Gothenburg. JCE has a strong history of creating successful companies since its inception in 1971 and today has more than 5,000 employees around the world through its holdings. JCE invests in both listed and unlisted companies and has a broad investment portfolio with companies including professional services, software, manufacturing and more. www.jcegroup.se

About Systemite AB
Systemite provides the first high performance open platform for component-based systems development within the area of computer based systems. Based in Gothenburg, Sweden, Systemite and the SystemWeaver platform contributes to higher product quality and possibilities to rationalize the design process, as well as improved information maintenance and better project management. www.systemweaver.se

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