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Itello Triple A-rated for top creditworthiness According to the latest quarterly rating review of the Swedish rating company Soliditet , Itello has been given a Triple-A rating for top creditworthiness. The rating implies, among other things, that a company’s key ratios shall be essentially higher than the trade average. Normally, Triple-A is only given to companies that have been active for more than ten years, but Itello got this top rating after only five years of operation. Jan Hedestam, Head of Marketing and Sales at Itello: - We are naturally proud of getting Soliditet’s highest rating after only five years of operation, since this means that we are carrying out our activities in a sound manner. - It is particularly gratifying that we have been able to do this in times of strong growth. Last autumn, Itello was ranked as the 2007 Rising Star by Deloitte and Svenska Riskkapitalföreningen (Swedish Venture Capital Association). Our growth continues, reaching 114 per cent in 2008 compared with 80 per cent in 2007. - Itello is focused on long-term and stable investments in the development of its business system, Inca. We have invested close to 300,000 man-hours in this. We do not see rapid growth as our primary goal, but rather as a result of our customers’ confidence and willingness to continue investing in our solutions and services. The key to our success is found in our employees’ unique trade experience and competence in the areas of mutual funds, insurance and pensions. Soliditet AB is the leading Nordic supplier of credit and business information and forms part of Bisnode AB which, in turn, is Europe’s leading provider of digital business information, offering services in the areas of credit, market and product information. Soliditet’s valuation methods for assessing both payment capacity and the willingness to pay help companies to make more profitable business decisions. Triple-A is the highest possible rating on a scale that starts at C. Inca in briefItello’s product, Inca, is a well-tested system that is built upon standardised operational processes which provide automatic support of pension, insurance and savings administration. It is a cost-effective alternative to in house-developed systems. Inca is continually adapted to new needs, for example in connection with the introduction of new rules and regulations. At present, Inca is used by Swedbank Försäkring AB, Aktiv Försäkringsadministration i Stockholm AB, Nordea Liv & Pension Försäkring Sverige AB (Nordea Liv & Pension), Nordnet Pensionsförsärkring AB (Nordnet Pension) and by Moderna Försäkringar Liv AB (Moderna Liv & Pension). For further information about Inca, the new standard system for pensions, insurance and mutual funds, kindly contact Itello at +46 8 508 922 00 or at info@itello.se |
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Itello AB Visiting address: Regeringsgatan 28, 3 tr. Mailing address: Regeringsgatan 28, 111 53 Stockholm. Tel: +46(8)-4109 40 00 Copyright (©) 2003-2011 Itello AB |
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