TARGIT Appoints New CEO

The Danish based software company TARGIT has appointed Jakob H. Kraglund as the new CEO. Jakob is 53 years old and has previously been CEO in software companies such as Traen and Cambio Healthcare Systems, as well as Partner and Country Managing Director in the global consulting firm Accenture. 

 

As of 20 April 2020, Jakob H. Kraglund will join TARGIT as the new CEO. TARGIT is based out of Aalborg, Denmark, and is one of Northern Europe’s leading software companies within Analytics and Business Intelligence (BI), having more than 6,000 customers and 500,000 users across 50 countries. Jakob H. Kraglund will replace Leif Vestergaard, who has filled the role since 2017.

 

“Intelligent use of data is vital for companies’ value creation and competitiveness. TARGIT develops software that enables this strategic focus, and has a huge potential that I am pleased to ensure is realized”, commented Jakob H. Kraglund, CEO in TARGIT. The task at hand is clear: The core focus is to continue and expand the company’s position as the leading independent provider of BI-software in TARGIT’s existing markets, as well as determine and executive on the strategy for the next phase of the company’s development, with a specific focus on industry-specific solutions in existing and new markets.

 

Jakob H. Kraglund elaborates that ”the market for Analytics and BI solutions is developing rapidly and offers many opportunities for a company like TARGIT. It will be crucial to establish a clear direction and focus in our strategy and to translate the strategy into concrete actions and results based on TARGIT’s market leading software and skilled employees.”

 

For the past 12 years, Jakob H. Kraglund has mainly worked as CEO for software companies in Denmark and abroad. Most recently, he has had the position as CEO of Mobylife, and was previously CEO for Traen and Cambio Healthcare Systems.


Regarding the election of Jakob H. Kraglund, Claus Thorsgaard, Chairman of the Board of TARGIT, says: ”Jakob H. Kraglund is a highly experienced business manager, and with his many years of experience from the consulting industry, among others as Partner and Country Managing Director at Accenture, as well as his extensive experience from Enterprise Software companies such as Traen and Cambio Healthcare Systems, he is well positioned to take responsibility for the next phase of TARGIT’s journey towards establishing itself as the leading player within BI and ‘Augmented Analytics’, with specific focus within selected industries”

 

 ”Leif Vestergaard has in recent years completed a professionalisation of the company, leaving TARGIT in good shape, which we are very pleased with”, says Claus Thorsgaard.

 

About TARGIT A/S

TARGIT is a leading provider of BI and Analytics software. On a daily basis, TARGIT assists more than 6,000 companies and organisations across 50 countries in making decisions and creating value based on complex data – with solutions that are cost-efficient and easy to implement. TARGIT has with more than 30 years of experience built a deep understanding of its customers, which is leveraged in combination with leading technologies in order to deliver robust solutions to a range of industries.

Originally published April 21, 2020. Updated April 22, 2020