Digia Plc and Avarea Oy signed an agreement on 14 March 2018, through which Digia Plc will acquire Avarea’s entire share capital. This acquisition is the next step in Digia’s strategy implementation, in which data utilisation and modern analytics are in a key position.
Specialising in advanced analytics solutions, Avarea’s net sales came to some EUR 3.6 million at the end of their financial year on 30 September 2017. Before the deal is completed, Avarea will separate its product business into a company of its on, and this product business will not be part of the deal. There are 41 analytics specialists working in Helsinki in the business that will be transferred to Digia.
“By combining the expertise of Avarea and Digia, we will create to our customers a unique and comprehensive set of services for data integration, analytics, artificial intelligence, machine learning and data visualisation. In December 2017 we acquired Integration House and this acquisition is the logical step in our strategy implementation. I warmly welcome all Avarea’s excellent experts to our team to a fantastic journey into the future,” says Timo Levoranta, Digia’s President and CEO.
“The outlook in our sector is very good, and companies’ and organisations’ digitalisation and analytics investments keep growing at a high rate. Together with Digia, we can create to our customers entities in which we combine data and create business innovations by means of analytics in order to serve decision-making better. Digia convinced us with their vision, solutions and expertise, which complete well what Avarea has to offer. We are convinced that Avarea can offer Digia’s customers considerable benefits in terms of analytics and data utilisation,” says Päivi Karesjoki, Avarea’s CEO.
“Our customers’ services both create and utilise data at an increasing rate. API management, advanced analytics and artificial intelligence are already used as a matter of course. By joining our forces, we will boost our expertise in areas of increasing demand, such as data and analytics solutions based on modern cloud architecture. Avarea’s excellent expertise in customer analytics, profitability management and IoT solutions combined with Digia’s comprehensive services especially in terms of online trading and ERP create more and more value to our customers and give Digia a significant competitive edge,” says Teemu Virtanen, Senior Vice President, Integration and Information Management, Digia.
The parties have agreed that the sale will be completed on 29 March 2018 and that the sales price will not be disclosed. The acquisition does not affect the employment of Avarea Oy’s personnel.
Teemu Virtanen, Senior Vice President, Integration and Information Management, Digia Plc
Tel. + 358 (0)40 849 1159
Päivi Karesjoki, CEO, Avarea Oy
Tel. + 358 (0)40 90 222 12
Digia in brief
Digia is a profitably growing IT service company that helps its customers harness digitalisation opportunities. As a visionary pioneer, Digia develops and innovates solutions that support business operations together with its customers. We adapt our expertise to their specific industries to help them develop digital services, manage operations and utilise information. We employ over 1,000 experts in Finland and Sweden. We are expanding our international presence together with our customers. Digia’s net sales in 2017 totaled EUR 96.2 million. The company is listed on Nasdaq Helsinki (DIGIA). www.digia.com
Avarea in brief
Avarea creates business innovation to its customers through analytics. We focus on customer analytics, profitability management, and IoT solutions. Our service concept offers a cost-effective analytics that is easy to adopt. This is provided by top experts in advanced analytics. Avarea’s net sales came to about EUR 3.6 million in the financial year that ended on 30 September 2017.www.avarea.fi