We would like to inform you that we have completed Project Venice today. This means that NPM has increased its shareholding in TICC to 85% and that the TICC founders and certificate holders have been able to sell their existing shares and certificates. At the same time a refinancing of TICC took place and the split-off from Conceptsales has also been formally effected. With this transaction, we round off a period in which the company has developed very quickly and in which it has sometimes been very exciting, but above all, in which a very solid foundation has been laid for further growth. With the QBS Group, 1ClickFactory, SalesValue and the strong (investment) commitment from NPM we will be able to execute on our strategic bets in the years to come. TICC will therefore be a stable and innovative employer and an organization that will provide products and services to enable the digital transformation for small to medium businesses in Europe.
We want to thank NPM for the trust they have placed, the founders of the company for all the energy and dedication they have put into the company to bring it here, but above all we want to thank you for your commitment and contribution over the years. We look forward to working with you to lead TICC through the next phase of growth with the same amount of energy, entrepreneurial spirit, pleasure and dedication. It is a great challenge to be able to contribute to the digitization of our daily life and work and also to learn from all the challenges and opportunities that this offers us.