QVANTEL

Qvantel appoints Ove Anebygd as the new CEO for the company. Qvantel has grown significantly in the last year, increasing its revenue from 28 million euro in 2015 to an estimated over 40 million euro in 2016. The company has also grown its headcount from 280 to almost 500 in one year. Qvantel anticipates rapid growth in the coming years, too.

Ove Anebygd joins Qvantel from Ericsson, where he has held several executive positions in the last 20 years in the telecommunications sector. Most recently he has acted as the Vice President & Head of Product Area Digital Business Systems.

"The Board is pleased to announce the appointment of Ove Anebygd as CEO. The change is effective in early 2017. He brings his strength and insight of the telecommunications business to our already skilled Management Team. For two decades, Ove has gathered valuable experience with our customer segment. He has a proven track record of successfully creating new business and leading people," says Matti Roto, Chairman of the Board.

"I am excited to join this rapidly growing company and I believe Qvantel has a bright future ahead. I am honored by the appointment, and I am committed to contributing my best to set the company on an even steeper growth curve. We are well positioned on the market to help customers with digital transformation," says Ove Anebygd.

Qvantel offers Business Support Solutions (BSS) to Communication Service Providers globally. In 2016, the company has signed a partner agreement with Ericsson. Qvantel offers a full stack BSS solution to its customers. The company provides its solutions to Vimpelcom, Yoigo and DNA, among others, helping operators and other customers in their digital business transformation. To execute its growth strategy, Qvantel actively recruits talented ICT professionals and also pursues growth through acquisitions.

Current CEO Karri Linna will remain in the company as COO.

"Mr. Linna has led the company in its growth since 2015 and excelled in his task. In his time, the company has made its business scalable, enabling strong growth. Qvantel has increased significantly its revenue and hired almost 200 new talents. I want to thank Karri for all his efforts and dedication to the company during his time as CEO. I’m pleased that Karri will continue in Qvantel in his new position," Matti Roto says.

"One of my missions as the CEO was to get the company on a growth track and renew the way we think about our business. It feels good to be able to hand over the company to Ove in this exciting growth phase, and I will support him in every way to help him excel as the new CEO. I wish him success in his new position," Karri Linna says.

Qvantel is a leading supplier of cloud-based Business Support Solution (BSS) services. With offices in India, Sweden, Estonia, Switzerland, Spain, USA and headquarters in Finland, our fast-growing company helps telecom operators maximize their business efficiency and provide unrivalled customer experience. Qvantel is identified on London Stock Exchange’s 1,000 Companies to Inspire Europe 2016. Changing the game for you.

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View source version on businesswire.com: http://www.businesswire.com/news/home/20161204005111/en/

Contact:

Qvantel
Gia Forsman-Härkönen
Head of Communications
gia.forsman-harkonen@qvantel.com
Telephone: +358 50 324 3078

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