Total Specific Solutions has acquired Prime from Innofactor, the B2B solution provider in the Nordics

  • Mar 31, 2021 Finland Back to all transactions Innofactor, the leading Nordic B2B Microsoft solutions provider, sells its resource management software solution division, Innofactor Prime, to Total Specific Solutions (“TSS”). TSS expands its position in the region with now four companies in Finland and eleven in the Nordics.

    Innofactor Prime is a flexible solution that enables parishes and local governments to optimize and effectively manage their organization's resources. The solution features various tailored and ready-made modules ranging from invoicing, calendar management, graveyard management, ERP to e-Services and more. It is cloud-based, giving users the freedom to work from any location and using any type of device.

    Mika Savolainen, General Manager at TSS: "We are excited to welcome a new company to TSS Finland. The Prime solution is used by clients in several verticals, but their main focus is on the vertical of religious organizations in Finland. In this vertical, they are one of the leading companies in Finland. The solution has been developed in close cooperation with their clients. This fits the TSS vision on best practices for software companies. Innofactor focuses on the Microsoft ecosystem's Business-to-Business solutions and reviewed its portfolio. This led to them searching for a new owner for Prime. Prime with its customer-driven approach and focus on specific verticals matched with us. TSS is a perpetual owner with independent business units and believes in software for life.
    I am looking forward to working with Managing Director Tiina Korolainen and her team."

    Tiina Korolainen, Managing Director of Prime: “My team and I are looking forward to this new step. It will be exciting to be part of one of Europe’s leading vertical market software groups, TSS. It will be interesting to learn new ways to run a vertical market software (VMS) company and be part of a dedicated Finnish group. I believe it will be a good step for our product, clients, and team."

    Sami Ensio, President and CEO Innofactor: "We were reviewing our offering portfolio, and Prime business no longer fit our strategic core focus to deliver Microsoft-based B2B solutions and services across the Nordics. In TSS, we found a new owner with a focus on country-specific mission-critical software. Prime is well aligned with this focus, and we feel very confident about its future as an independent business unit of TSS. We see this as the best outcome for Prime customers and employees, as well as Innofactor shareholders. Personally, this was a big decision for me since Prime has been part of Innofactor for over 20 years, from the first days of the company. I am extremely happy that we found a good home for Prime at TSS."

    Prime

    Prime is the division that provides the resource management solution of Innofactor, the Modern Digital Organization in the Nordics for Microsoft based B2B solutions. Prime focuses primarily on religious organizations but has other public and private companies in their portfolio as well. Currently, Prime is based in Espoo, Finland. More information on the website: http://www.prime.fi

    Innofactor

    Innofactor is the leading driver of the modern digital organization in the Nordic Countries for its about 1,000 customers in commercial, public and third sector. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor has over 500 enthusiastic and motivated top specialists in Finland, Sweden, Denmark and Norway. In 2016–2020, the annual growth of Innofactor's net sales has been approximately 8.3%. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ Helsinki Oy. https://www.innofactor.com
    #ModernDigitalOrganization #PeopleFirst #CreatingSmiles

    If you are an owner of a Vertical Market Software company and you would like to know more about joining TSS, please contact:

    Robin Myntti
    M&A TSS
    Phone: +358 407076363
    Email: r.myntti@tss-vms.com
    www.prime.fi Share: