M&A Deal Summary

F24 Acquires Blue Idea

On July 20, 2023, F24 acquired internet software and services company Blue Idea

Acquisition Highlights
  • This is F24’s 4th transaction in the Internet Software and Services sector.
  • This is F24’s 1st transaction in Denmark.

M&A Deal Summary

Date 2023-07-20
Target Blue Idea
Sector Internet Software and Services
Buyer(s) F24
Deal Type Add-on Acquisition

Target

Blue Idea

Silkeborg, Denmark
Blue Idea is a regional SaaS provider for service notification in the Nordics. The company develops and sells its proprietary mass notification software solution which enables customers to inform and alert specific customers, employees, or citizens quickly and efficiently through SMS as well as other communication channels. Blue Idea is based in Silkeborg, Denmark.

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Buyer(S) 1

Buyer

F24

Munich, Germany

Category Company
Founded 2000
Sector Internet Software and Services
Revenue 6M EUR (2014)
DESCRIPTION

F24 is a Software-as-a-Service (SaaS) provider for Business Resilience by supporting companies and organizations through all areas of resilience. Solutions cover business messaging and service notification, emergency and mass notification, incident and crisis management, as well as governance, risk and compliance. It supports customers in virtually every sector ranging from energy, healthcare, industry, finance, IT, tourism, and aviation to a wide variety of public organisations. F24 was founded in 2000 and is based in Munich, Germany.


DEAL STATS #
Overall 5 of 5
Sector: Internet Software and Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 5 of 5
Country: Denmark M&A 1 of 1
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-21 FramWeb

Trondheim, Norway

FramWeb is a regional mass alerting provider in Emergency Notification and Crisis Management in Norway and expands its market presence in Scandinavia significantly. The company's products are present in almost every municipality in Norway providing important service messages within water supply, waste management, and other municipality services. FramWeb is based in Trondheim, Norway.

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