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Davinci sells majority stake in IT-service provider Rely

Amsterdam, February 8, 2017 - On the 6th of February Davinci and Claranet reached an agreement on the sale of Davinci’s majority stake in IT-service provider Rely. The sale of its stake in Rely fits Davinci’s strategy which has  a clear focus on providing its own software services to banks for providing and managing consumer credit and mortgages.

Focus on our own software services

Rely is an ambitious organisation with a big potential for growth with regards to office automation and managed hosting. For Rely’s further growth, Davinci is not the most suitable shareholder. Roderick Weerman, Managing Director of Davinci explains the sale of the majority stake: “Over the years we have been focusing more and more on the area of lending, credit management and related business processes and membership organizations. The majority stake in Rely no longer fits into our strategy which is focused on our own software services from the cloud for providing and managing consumer credit and mortgages and CRM software for membership organizations.”