Cinnober expands in Umeå — moving to new Utopia city mall

Press releases - 2013.10.24

Cinnober, a global supplier of financial technology, is now an established actor in Umeå with expansion plans on the agenda. Since the company acquired Japanese Nomura’s development company in 2012, the need for a larger office has become more prominent. A rental contract has now been signed with the Baltic Group and, during the first half of 2014, moving boxes will start being shipped to the new, centrally-located city mall, Utopia.

“The location is perfect, the new modern office mirrors our wishes for functionality and a multi-facetted environment,” says Jonas Engman, CEO of Cinnober North. “The new brighter office of almost 1,300 square meters will provide greater opportunity for future expansion. Here we can offer employees an office of the future with flexible and ergonomically-tailored workplaces, many spontaneous meeting areas, a quiet zone and inspiring common areas.” 

The new city mall, which covers an entire residential block, is being built in stages and should be completed by the end of 2014. It will include shops, a food court, a hotel, offices and terrace houses on the top — a 3D property formation. The number of visitors to the mall has been forecast to be about five million a year.

“The move is a part of Cinnober’s offensive investments, which include prioritizing a strategic location and an inspiring working environment. We offer a fun, interesting and challenging workplace with all the best conditions. Our vision includes employees who really long to be at the office on a Monday morning,” comments Veronica Augustsson, CEO for the parent company Cinnober Financial Technology. “Having new and larger premises is part of the investment in Umeå, as is our new trainee course, cinCube, and the initiative to build a financial IT cluster in the region.

Cinnober is a world-leading supplier of financial technology for exchanges, clearing houses and banks. Their client list consists of major global players with extreme demands on reliability and performance, including BM&FBOVESPA, Deutsche Börse, Dubai Gold & Commodities Exchange, the London Metal Exchange, LME Clear, MarkitSERV and the Stock Exchange of Thailand.

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