In an awkwardly worded description, Columbus IT reported that “It has also been decided to terminate the agreement with the Italian franchise partner as the number of activities has not been sufficient.”  For the nine months, EBIDTA plunged while revenue had risen 2.3 percent. EBIDTA in the most recently ended quarter was about $36,500, down from $3.3 million a year earlier. Nine-month revenue was roughly $114.2 million, up from $111 million in last year’s corresponding period. All figures were translated from Danish kroner based on yesterday’s exchange rate. Revenue growth was reported for Russia, the United States and Norway, but numbers were not broken out. It’s hard to shake the feeling Columbus IT will eventually concentrate on its To-Increase software operations. In the first half of 2010, the company sold reselling operations in Mexico, Costa Rica, Colombia, Brazil, Chile, Germany and Switzerland to Alfapeople. The financial reports mentioned a rebranding project which supports the development of verticals as a factor in increasing costs.