The agreement with Initto has been finalized as part of Saxo Bank’s strategy of ongoing support and speed up of the development of the trade systems of the company. Initially developers and teams of the size of 50-100 people globally are established, but the long-term plan is to expand the pool of employees attached to Saxo Bank significantly as soon as the business can absorb the expansion. These new developers hired by Initto will work for the development and strengthening of Saxo Bank’s products and services, as well as act as a new complete platform for Saxo Bank’s IT tasks. Alongside the client relation, Saxo Bank buys 40 % of Initto’s stocks.

Since the establishment of Initto, the company has grown with a yearly average of 50 % and expects to improve the services even more with the support from Saxo Bank as a strong financial partner. Initto will simultaneously continue to develop software and deliver services for existing clients.

In the years to come Initto will work closely with Saxo Bank to increase the value of the services both Saxo Bank and Initto offer their own clients. Saxo Bank’s ambition is to continuously deliver services of top-quality, and Initto will in the future help Saxo Bank achieve this goal. Initto’s own present and future clients will likewise gain from the cooperation and Saxo Bank’s commitment as a client and a stockholder.

Read the entire press release here.