News

Columbus has divested the subsidiaries in Estonia and Lithuania. The divestment is part of Columbus’ Focus23 strategy to strengthen Columbus’ focus on larger companies in key markets.

Today, Columbus has published the annual report for 2020 - a year where the company demonstrated the ability to act in the changing market conditions. Revenue decreased by 6% but with a rapid adjustment of the cost base, its was possible to increase normalized EBITDA margin to 7.3%. 2020 was also the year, where we launched our new growth strategy, Focus23. The new strategy focuses on digital advisory of larger customers in key markets and consequently it was decided to divest the software company To-Increase and the Private Cloud business.

Columbus has been named Global Partner 2020 of the Year by Medius, thanks to strong sales and satisfied customers.