M&A Deal Summary

Profit Software Acquires Evolvit Oy

On June 15, 2017, Profit Software acquired information technology company Evolvit Oy

Acquisition Highlights
  • This is Profit Software’s 1st transaction in the Information Technology sector.
  • This is Profit Software’s 1st transaction in Finland.

M&A Deal Summary
Date 2017-06-15
Target Evolvit Oy
Sector Information Technology
Buyer(s) Profit Software
Deal Type Add-on Acquisition

Target

Evolvit Oy

Espoo, Finland
Evolvit Oy offers IT solutions to financial sector and business intelligence services. Evolvit was formed in 2007 and is based in Espoo, Finland.

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Buyer(S) 1

Buyer

Profit Software

Espoo, Finland
Category Company
Founded 1992
Sector Information Technology
DESCRIPTION

Profit Software is an independent software and consultancy services vendor focusing on banks and insurance companies, also offering a wide range of expertise and services within business analytics and data management across multiple industries. Profit Software was formed in 1992 and is based in Espoo, Finland.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Finland) 1 of 1
Year (2017) 1 of 1
Mergr

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