Columbus Global

Global-Columbus announces new Focus23 strategy; US organization changes to align with Focus23

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Minneapolis, Minnesota – 16 December 2020: Columbus has announced a new three-year strategy, Focus23, with the goal of further positioning the company as the digital trusted advisor for clients, driving increased customer value. For more information on Focus23, see link here: Focus23 strategy.

A customer-centric U.S. organization focused on SMB and Enterprise

With the launch of the Focus23 strategy, Columbus US is aligning the organization into two business units, with the following executive leadership changes:

  • Enterprise Division - focused on enterprise-size clients. Paul Gomez will serve as CEO and VP, Enterprise Division. Paul joined Columbus US in late 2019 as Vice President of Enterprise Delivery. Paul will continue building Columbus into a leading Microsoft Dynamics partner in North America, helping Enterprise clients in their digital transformation journey.
    “I am humbled and honored to be leading this dedicated and talented team. While 2020 has certainly brought unprecedented challenges, I’m extremely proud of how our team seamlessly adapted and shifted to empower our clients as they faced these challenges and continued onward with their digital transformation journeys” said Paul Gomez, CEO & VP, Enterprise Division. “The dedicated focus on digital advisory and consultancy that we initiated earlier this year was just the start. Our global Focus23 strategy is the next step, enabling us to stay closer to our clients and offer them our complete 9 Doors to Digital Leadership® solution portfolio, including Cloud ERP, Digital Commerce, Modern Workplace, Data & Analytics and Application Management.”
  • SMB Division - focused on small and mid-sized clients. Thomas Hauge will serve as VP of this division in addition to his current role as CFO for Columbus US. Thomas has been CFO since 2015. He joined Columbus in 1993 and from a leadership position quickly began the expansion of the organization throughout Europe and in 1999 established Columbus in North America, serving in executive leadership roles for Columbus US since then.
    “Attracting and retaining the best consulting talent to support our more than 1,300 SMB clients has been a key motivator in the 21 years that I’ve been with Columbus US,” said Thomas Hauge, CFO & VP, SMB Division. “With our Focus23 strategy, Columbus will be able to stay close to our valued SMB clients, advise and guide them with their cloud solutions and the rising demand for technology innovation, business intelligence and analytics, remote working, digitization to improve business sustainability.”

Dedicated focus on digital advisory and consultancy

With these changes, Columbus US is aligning into two distinct business units with a shared customer-centric focus on helping clients in their digital transformation journey. Coupled with the formation of a dedicated Digital Advisory Team earlier this year, clients can continue to expect industry and business process-focused advisors helping them drive Digital Transformation by helping them to create better business outcomes leveraging Microsoft technologies and moving to the cloud.

“A key priority in Focus23 will be to drive profitable growth by developing our business to become a more focused and simplified operation with increased customer centricity and a digital advisory approach,” said Hans Henrik Thrane, Interim CEO & Corporate CFO. “Columbus US customers can expect this focus on services and solutions that serve their specific industry and needs.”

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About Columbus Global

Columbus Global
Columbus Global
Lautrupvang 6
2750 Ballerup

https://www.columbusglobal.com

Columbus is a global IT services and consulting company specialized in digital transformation. Our more than 1,500 digital explorers collaborate with our customers in the manufacturing, retail & distribution, and food & process industries. We advise, implement and manage business critical solutions within Strategy & Change, Customer Experience, Digital Commerce, Data & Analytics, Application Management and Cloud ERP. Headquartered in Denmark, we have offices and partners worldwide - delivering locally on a global scale

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Latest releases from Columbus Global

New analysis of Columbus’ financial results for Q3 2023 and new strategy; New Heights4.12.2023 14:22:29 CET | Nyhed

The stock analysis firm, Aktieinfo, has just published an analysis of Columbus’ results for Q3 2023 and the newly published strategy - New Heights. The analysis concludes, among other things, that: "After ten consecutive quarters of growth and maintaining guidance for 2023 with organic growth expected to be between 8-12% and an EBITDA margin of 7.4-9.0%, Columbus concludes the strategic plan Focus23. All goals have been achieved. Now, new ambitious yet achievable goals are set for the period 2024-26, anticipating an annual average organic growth of 10% and a significant improvement in the EBITDA margin to 15% by 2026. Columbus is thus taking a step towards 'New Heights' for revenue, earnings, and stock prices." The analysis can we found here (in Danish): https://ir.columbusglobal.com/static-files/7dc8b8dd-b686-4a70-8dc9-5b93f513aaa5

Strong Q3 Interim Report, new ambitious growth targets for 2024-2026 and new focus on Life Science15.11.2023 09:18:19 CET | Pressemeddelelse

In the third quarter of 2023, Columbus once again delivered impressive organic top-line growth of 15% (excluding acquisitions and currency), and the increase in operating profit (EBITDA) was as much as 28%. Columbus has created a solid foundation for the upcoming strategy period – New Heights – which in particular will focus on boosting profitability with an EBITDA margin of 15% by the end of 2026. Columbus expects 10% compounded annual growth in 2024 – 2026.

New analysis of Columbus’ financial result for Q2 2023 published by Aktieinfo31.8.2023 12:16:10 CEST | Pressemeddelelse

The analysis concludes, among other things, that: Columbus delivers what is promised. Growth adjusted for acquisition and currency was achieved with 16% in the second quarter (19% adjusted for currency and including acquisitions) and 14% in the first half of the year. In the second quarter, Columbus managed to invoice 70% of the consultants' hours. This testifies increased efficiency, which is one of the goals of the Focus23 strategy. With the execution of the Focus23 strategy, Columbus appears stringent and focused on servicing the core customer group. The analysis can we found here (in Danish): https://ir.columbusglobal.com/static-files/96127943-4e58-4e34-97be-3790aa0f0a06

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