M&A Deal Summary

Basware Acquires Contempus AS

On September 5, 2008, Basware acquired software company Contempus AS from Affecto Oyj for 85M NOK

Acquisition Highlights
  • This is Basware’s 2nd transaction in the Software sector.
  • This is Basware’s 4th largest (disclosed) transaction.
  • This is Basware’s 1st transaction in Norway.

M&A Deal Summary
Date 2008-09-05
Target Contempus AS
Sector Software
Buyer(s) Basware
Sellers(s) Affecto Oyj
Deal Type Divestiture
Deal Value 85M NOK

Target

Contempus AS

Oslo, Norway
Contempus AS is a provider in the development and implementation of electronic document management solutions and the operations are focused around its proprietary contempus software products.

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Buyer(S) 1

Buyer

Basware

Espoo, Finland

website

Category Company
Founded 1985
Sector Internet Software and Services
DESCRIPTION

Basware Corp. is a provider of networked purchase-to-pay solutions, e-invoicing and innovative financing services. Basware was founded in 1985 and is based in Espoo, Finland.

DEAL STATS #
Overall 2 of 9
Sector (Software) 2 of 4
Type (Divestiture) 1 of 2
Country (Norway) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-10 Digital Vision Technologies

United Kingdom

Digital Vision Technologies Ltd. is a software solution consultancy specializing in data capture and invoice automation.

Buy €9M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-01 TAG Services Pty

Chatswood, Australia

TAG Services Pty Ltd. is an IT services company provides invoice solutions.

Buy AU$2M

Seller(S) 1

SELLER

Affecto Oyj

Helsinki, Finland

website

Category Company
Sector Information Technology
Employees1,018
DESCRIPTION

Affecto Oyj is a provider of Business Intelligence solutions in the Northern Europe.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
Country (Norway) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Component Software Group ASA

Oslo, Norway

Component Software Group ASA is a provider of business intelligence solutions in the Scandinavian market, headquartered in Oslo, with subsidiaries in Denmark and Sweden. Company business idea is to aid its clients in turning large amounts of data into valuable information and knowledge that can be used in daily management.

Buy -
Mergr

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