From Damgaard to Microsoft
From Damgaard to Microsoft is a book about Damgaard Data, a company set up in 1984 by two brothers, 23-year-old Erik and 21-year-old Preben Damgaard. Less than eight years later, the company had an annual turnover of USD 12.5 million and employed 100 people.
In 1994, with the objective of bringing the company’s products onto the global market, IBM bought into Damgaard Data. This turned out to be a troublesome collaboration and in 1998, Erik and Preben bought out IBM’s share of the business.
In October 1999, Damgaard Data was listed on the Copenhagen Stock Exchange and within three weeks, its value soared to nearly USD 1 billion. Unfortunately, the excitement was short lived. Only a few months later, at the beginning of December, a sudden drop in revenue sent the share price plunging.
The company’s principal competitor, Navision Software, soon suffered a similar fate and the two companies decided to merge under the name Navision. The goal was to re-establish market trust by once again producing impressive growth and earning rates.
The strategy worked and in 2001 Microsoft called.
The book, more than 500 pages long, is a detailed account of the history of Damgaard Data. Based on more than 200 hours of interviews as well as on research into more than 1,000 internal and external sources, it is an in-depth analysis of the grit, perseverance and more than a little good luck necessary for entrepreneurial success.
Anyone, including those without a business background, interested in the corporate world or simply in a fascinating real-life story, is sure to enjoy this remarkable tale.
Going Global on a Shoestring
“Going Global on a Shoestring” is written for entrepreneurs that understand the need for and the enormous potential offered by fast global growth, but need a framework for making it happen. The objective of the book is to provide a repository of tested ideas for how to start global expansion on a small budget, with only very few people and from a juvenile position in your domestic market. The book is the recipe for rapid international growth on a shoestring.
“Going Global on a Shoestring” builds upon Alexander Osterwalder’s business model framework, several selected case stories from the software industry and the author’s experience with growing small information technology companies to global market leaders.