The logotype used back in 1996)

Araneum. It was made public on 29 July 2002 that TietoEnator, the Finnish/Swedish IT-company, have signed an letter of intent to buy Araneum. Araneum is the leading Danish that was the result of a merger 1. January 2000 between Netbureauet and Araneum. I founded the latter together with Alexander Aghassipour in March 1995. The agreement was reported among other places in an article in ComputerWorld online.

I have signed an NDA that prevents me from giving any detalis of the agreement. I can, however, assure that I am very pleased with the fact that it now seems that TietoEnator will take over Araneum and continue it. This is a very good solution for Araneum as a company, customers, employees and creditors. It probably will not surprise anyone that we the founders and shareholders will not be gilded in this deal. Times have changed oh so much since back in 1999/2000 where a webagency at Araneum’s size could be valued at almost 0.5 billion Danish (papermoney) kroner.