Frank Mogensen
About

Twenty-six years, three companies, one habit.

I look at what a business is counting and ask whether it is the right unit. Three times that turned into a company, and all three were sold.

Frank MogensenFrank Mogensen
Copenhagen

Alpha IT Group · founded September 1999 · sold 2007

By the late nineties companies were paying more for IT every year and could not say what the next year would cost. Infrastructure was configured by hand, by consultants, by the hour, so the bill grew with the complexity rather than with the value.

We built an automated hosting platform, and then sold something nobody was selling yet: infrastructure and operations at a fixed rate per employee per month. Per-seat pricing, roughly a decade before the industry settled on it. The platform existed to make the pricing possible, not the other way round.

Mondo acquired it in 2007 and I stayed on as their chief technology officer.

Computerworld, June 2007
FoundedSept 1999
SectorHosting
RoleFounder, CEO/CTO
Sold2007, Mondo A/S
PriceDKK 30M

Voopii · founded 2013 · sold 2014

Mobile data roaming was priced so badly that most companies simply switched it off when their people travelled. They had bought a capability and then instructed staff not to use it, which is the clearest signal a market can give that its pricing is wrong.

We assembled a global roaming service across several operators, so a company could work at local rates anywhere in the world, and sold it to enterprises and airlines. Twelve people, and €4M of revenue in the year it was sold. Gigsky acquired it in 2014 and I ran their EMEA operations afterwards.

Founded2013
SectorTelecoms
People12
Revenue€4M in the exit year
Sold2014, Gigsky

Cloudeon · founded 2016 · sold 2021

Consulting for large enterprises, I kept meeting the same thing. It took three to five years to get from an idea that would help a customer or an employee to something actually running in production. By the time it arrived the idea was outdated, and the person who had it had usually left the company.

That is not a delivery backlog. It is an operating model with a cycle longer than the shelf life of its own ideas. Fixing it needed cloud as the foundation and a different way of working on top, which we built, and then ran, for large enterprises. Days or weeks instead of years.

TDC took a 40% stake two years in. I was chief executive from the start; about a year before the sale I handed that over and became chief technology officer, in order to build the Lithuanian organisation myself: fifty people across Vilnius and Kaunas doing 24×7 operations, cloud service development and SaaS innovation.

Devoteam acquired the company in 2021, at around a hundred people across four offices in two countries. I stayed as CTO of Devoteam M Cloud Denmark until mid-2022.

DLA Piper, Aug 2018 · Computerworld, Sept 2021
Founded2016
People~100
Offices4, two countries
Revenue€14M a year at exit
RaisedTDC, 40%, 2018
Sold2021, Devoteam

The complete record

Everything, in order, including the parts that did not work.

Taken from my own LinkedIn entries rather than rewritten. A nomination committee builds this table by hand from the same source, so here it is already built — with the gaps left in, because a record without them is the one worth doubting.

  1. Sep 1999 – Jul 2007Alpha IT ApS — Founder, CEO and CTOSold to Mondo A/S, 2007Company
  2. Jun 2007 – Mar 2008Mondo A/S — Chief technology officerThe year after the sale, inside the buyerRole
  3. Apr 2008 – Oct 2013Enterprise and infrastructure architect, freelanceFive and a half years inside large enterprises. This is where the Cloudeon idea came from.Role
  4. Oct 2013 – Jul 2014Voopii ApS — Founding partner and CEOSold to GigSky Inc., 2014Company
  5. Aug 2014 – Mar 2015GigSky — Head of EMEA operationsRole
  6. Apr – Dec 2015Between companiesGap
  7. Jan 2016 – Aug 2020Cloudeon — Founder, CEO and CTOTDC took 40% in 2018Company
  8. Aug 2020 – Jul 2022Cloudeon, then Devoteam M Cloud Denmark — Founder and CTO, building the Lithuanian organisationHanded the chief executive role over a year before the sale, and stayed a year after itRole
  9. Jul – Dec 2022Career breakBreak
  10. Jan – Dec 2023CloudAjour — FounderClosed after a year. Not every one of them works.Company
  11. 2023 – 2024Copenhagen Business School — Executive board programme, examinedExam
  12. 2024Studying, and looking for the next problemGap
  13. Jan 2025 – Mar 2026Agencii (Agency AI Solutions) — Investor and chairman of the boardMy own money, up to $1MBoard
  14. Ended 2026Workofo — Board member and investorMandate endedBoard
  15. Jul 2026 – nowNordio AI — FounderIt has its own chief executive; I am not in daily operationsCompany

The parts that did not work

Not everything sold. CloudAjour was founded and closed within 2023. I stepped back for personal reasons, and there is also a break in the second half of 2022 for the same reason. I list both because they are on my public record and a committee will find them anyway, and because a career with three exits and no gaps in it has been edited. That period is behind me.

Since then

CBS Executive board exam

A six-month examined programme at Copenhagen Business School, 2023–24.

Agencii

Chairman and investor, 2025–26. Infrastructure for AI agents.

Workofo

Board member and investor. AI workforce scheduling.

Nordio AI

Helped start it. It has its own chief executive; I am not in daily operations.

BrainEon

A business memory that answers with its sources and says so when it does not know.

Education

Information Technology, Technical University of Denmark. Danish and English.