Commercial Off-The-Shelf (COTS) software
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cBrain aims to create and lead two new global solution niches
Globenewswire· 2025-04-29 13:19
Core Insights - cBrain is adjusting its growth strategy to capitalize on the rapid shift towards Commercial Off-The-Shelf (COTS) government software, aiming to lead in two new global solution niches: Paperless Ministry and Environmental Permitting [1][11]. Group 1: Growth Strategy - The company is extending its growth strategy by focusing on two market niches with global potential, leveraging its strong financial position to build dedicated units for these areas [2][13]. - cBrain's long-term growth strategy is centered on serving large government clients, ensuring sustainable growth through long-term software subscriptions, and accelerating international growth via the F2-for-Partners concept [12]. Group 2: Market Development - cBrain has successfully developed its F2 Digital platform in Denmark and internationally, with significant projects including the F2 solution for the Danish Ministry of Resilience and Preparedness, which was ready to go live in just three weeks [3][15]. - The F2 platform has been successfully implemented in various agencies, including the Danish Energy Agency, where it automated nearly 70% of applications for a subsidy program [4][10]. Group 3: International Expansion - cBrain is expanding its presence in Germany and Romania, with successful deployments of the F2 platform for public pensions and a new national platform for citizen pensions, respectively [5][6]. - The company is testing its Paperless Ministry initiative in Europe and Africa, with a pilot project in Kenya demonstrating the rapid deployment of the solution [18][19]. Group 4: Environmental Permitting Initiative - cBrain is positioning its F2 Environmental Permitting solution as a strategic offering, responding to the growing importance of environmental assessments in infrastructure projects [20][21]. - The company has collaborated with the Danish Environmental Protection Agency to develop a solution that streamlines the permitting process, which has been recognized in a White House report as an effective tool [22][23]. Group 5: Financial Guidance - cBrain maintains its financial guidance for 2025, expecting revenue growth of 10-15% and Earnings Before Tax (EBT) of 18-23% [25]. - The company has allocated approximately 4 million Euro for one-time costs related to market expansion, which are included in the financial outlook for 2025 [27].