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2 min read

Torben Frigaard Rasmussen Appointed New TimeXtender Chairman

Aims to Accelerate Company’s Global Market Presence

AARHUS, Denmark & BELLEVUE, Wash. – October 2020 –  Torben Frigaard Rasmussen has been appointed Chairman of the Board of TimeXtender, a global software company enabling instant access to any type of data in the organization to support advanced analytics and artificial intelligence (AI).

The appointment of Torben Frigaard Rasmussen comes after TimeXtender has achieved significant growth in recent years. Compared to the first half of 2019 alone, TimeXtender has seen 70% growth in new customers in 2020 alone, while increasing from 20 employees in 2015 to 45 employees worldwide today.

Torben Frigaard Rasmussen is a former CEO of E-conomic and has board experience with several IT and tech companies such as Mobile Industrial Robots, Sigma Estimates and Esoft. He has international experience in the United States and as Chairman he will play an active role in helping TimeXtender with its further growth journey.

A few perspectives from Torben Frigaard Rasmussen and CEO and Founder Heine Krog Iversen:

“I look forward to bringing my extensive experience of tech companies, growth and internationalization into play in the work of professionalizing TimeXtender further. The company has great growth potential with a unique product and a strong corporate culture, and TimeXtender is an important player in an extremely competitive data management market. Many companies have a lot of data, but they have yet to be able to handle it in a way that creates value – TimeXtender’s product does this in a unique way,” says Torben Frigaard Rasmussen.

“As a natural step for any growing business, it is necessary to professionalize the company in all aspects. Therefore, bringing a highly competent and professional chairman like Torben Frigaard Rasmussen on board is an extremely important step for us,” said TimeXtender’s CEO and Founder Heine Krog Iversen.

“Torben brings a tremendous knowledge from the IT sector, and as an investor and active board member has experience from a number of successful companies in the IT and robot field. In addition, I am convinced that his entrepreneurial background, combined with his experience from international sales and software companies, will be an important asset in realizing our ambition to become a market leader in the global data management market in 10 years’ time,” concluded Krog Iversen.

TimeXtender Facts:

  • TimeXtender was founded in 2006 by Anne and Heine Krog Iversen.
  • Today, the company is co-headquartered in Denmark and the United States, with a presence in several European countries as well as Australia and New Zealand.
  • TimeXtender helps their customers optimize data usage.
  • In 2017, the company switched its business model to a subscription-based solution.
  • For 2020 to date, the company has seen 70 percent growth in new customers. Management expects further growth for the rest of 2020.

About TimeXtender

TimeXtender and our integrated data management platform empowers customers with instant access to data, enabling them to make quality business decisions with data, mind and heart. We do this for one simple reason: because time matters. A Microsoft Gold Certified Partner, TimeXtender serves its 3,000+ customers, from mid-sized companies to Fortune 500, through its global network of partners. TimeXtender was founded in 2006 and is privately owned, with headquarters in Denmark and the U.S. and regional presence around the world.