Codima opens office in Copenhagen

Philadelphia-based Codima Inc. said today that it is opening an office in Copenhagen.

The company develops and markets software that helps organizations manage IT networks.

Codima said that the office in Denmark will be part of its Swedish-based operations.

Denmark, one of Europe's most innovative IT communities, saw an increase of 36 percent in voice over Internet protocol landline subscriptions in the first half of 2008 over 2007, according to the Danish IT and Telecom Agency as cited by Codima in a release.

The company, which also has operations in London, Johannesburg, Munich, Paris, Sydney and Tokyo, trades over the counter. Its price has ranged from 5 cents to $9.20 in the last 52 weeks.