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Vitec Software Group AB

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Vitec Software Group AB
Vertical market software developer
Acquired 100% of Business Operations
M&V Software Oy
Software for parishes
Advised on Purchase of Company

M&V Software Oy acquired by Vitec Software Group AB

For the second time in 2019, IMAP Finland advised Vitec Software Group AB in its transaction in Finland when Vitec acquired M&V Software Oy, a vertical software developer for parishes known for its Katrina software product. Earlier in 2019, Vitec acquired Avoine Oy, a vertical software developer for smaller unions and local associations known for its Sence and Yhdistysavain software products. Both acquisitions well support Vitec’s growth plan, creating together close to 5 M€ revenue increase for Vitec’s year-on-year level with the majority being SaaS revenue.

 
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