Eficode Oy acquired Danish Vidhuset A/S

Eficode Oy acquired Danish Vidhuset A/S

Eficode Oy continues to grow through internationalization by acquiring Danish Videnhuset A/S. The acquisition strengthens Eficode’s Autonomy Corporation related software product business. Through acquisition Eficode expands its operations to Denmark and UK and the Company becomes the largest implementation partner and reseller of Autonomy Corporation’s products and related products in Nordic countries. Autonomy Corporation, owned by HP, develops solutions for the automation of information management and business processes of organizations. After the acquisition Eficode is able to offer its products in every Nordic country and UK.

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Seller: 
Videnhuset A/S
Industry: 
ICT / Technology
Buyer: 
Eficode Oy
Industry: 
ICT / Technology

Eficode Oy continues to grow through internationalization by acquiring Danish Videnhuset A/S. The acquisition strengthens Eficode’s Autonomy Corporation related software product business. Through acquisition Eficode expands its operations to Denmark and UK and the Company becomes the largest implementation partner and reseller of Autonomy Corporation’s products and related products in Nordic countries. Autonomy Corporation, owned by HP, develops solutions for the automation of information management and business processes of organizations. After the acquisition Eficode is able to offer its products in every Nordic country and UK.

“The goal of this transaction was to enhance our business opportunities. We try to find volume from other Nordic countries and UK, because in Finland the Autonomy business is quite limited due to the size of the market. A presence in Denmark and UK is a buzzing opportunity to increase the international dimension of our other business areas. Our aim is to deliver “Eficode-like” learning orientated and fresh business culture to new markets”, envisions Eficode’s owner and CEO Risto Virkkala.

Videnhuset A/S is a Danish consultant company that advises, develops, implements and trains its customers in data management and communications solutions. The company has specialized in the implementation and resale of Autonomy software products. Videnhuset’s customers are both private and public companies.

Eficode Oy is year 2005 formed IT-company that creates tailored software realizations and projects. Eficode’s services cover the whole life cycle of a project from planning to implementation of the software and support services. In 2011 Eficode’s turnover increased to 5 M€ and company’s personnel to 70.  Eficode’s offices are located in Helsinki, Jyväskylä, Beijing, St. Petersburg, Copenhagen and London. 

ProMan acted as Buyer’s financial advisor during the acquisition process.