Over the last few years, cBrain has established a solid foothold in Germany as a supplier for one of the largest German authorities. With this reference, cBrain has a strong position with potential for further growth in Germany. To stimulate growth, cBrain has taken a new step by entering into a partnership with Nortal.

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cBrain continues to maintain solid international growth.

In the first quarter of 2021, cBrain achieved a total revenue growth of 30% which could be attributed to increased exports and increased sales of software subscriptions. Thus, exports accounted for more than 20% of the total revenue in Q1, which is a significant increase compared to last year where exports accounted for 14% of the year's total revenue.

cBrain expects to be able to maintain good international growth based on its employees. However, cBrain also sees opportunity to accelerate growth by collaborating with partners who can support expansion and implementation of F2.

It is based on this premise that cBrain has entered into a partnership with Nortal.

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Nortal has offices in Europe, USA, and the Middle East, and the company employs 1,000 experts specializing in strategy consulting and software. At the same time, Nortal has documented its strength as a supplier to the public sector through a number of projects, and Nortal is thus a fitting partner for cBrain.

Initially, cBrain has completed training and certification of a group of Nortal's employees in Germany. Thereby, Nortal can support the work in expanding and implementing F2. Both with new and existing customers in the German market.

It is natural for both Nortal and cBrain to initiate the partnership in Germany. Nortal has a strong position in the German market where the company is growing rapidly. At the same time, cBrain has in recent years established a solid foothold in Germany as a supplier for one of the largest German authorities. With this reference, cBrain has a strong position with potential for expanding its business in the Germany market.

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The partnership between Nortal and cBrain is based on the success and position which cBrain has achieved in Denmark, and Nortal sees a great potential for F2 in the German market.

According to United Nations, Denmark is the world's leading country in E-government. In parallel, cBrain has successfully changed the traditional approach to public digitization by delivering solutions based on standard software instead of large tailor-made solutions. More than 75 Danish authorities today use F2 as their digital platform, including 16 out of the 20 Danish ministries.

At the same time, the public sector in German is facing an extensive digital transformation. However, in Germany, as with many other countries, there is a growing fear of long-term and complex IT projects. Therefore, there is considerable interest in reusing cBrain's experience in public digitization based on standard software.

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Through a certification and collaboration with Nortal, cBrain has taken a new and exciting step towards continued international expansion.

With best regards,

Per Tejs Knudsen, CEO

Inquiries regarding this notice may be directed to:

Ejvind Jørgensen, CFO, cBrain A/S, ir@cbrain.com, +45 2594 4973

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cBRAIN A/S published this content on 10 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 June 2021 10:35:02 UTC.