We have advised Procuritas and its portfolio company Frendy, a Finnish IT services platform backed by Procuritas’ funds, on the acquisition of Wisdomic, an IT services company. Frendy made its first add-on acquisition, three months after the company’s creation through the acquisition of 12 businesses. The acquisition of Wisdomic brings Frendy’s combined turnover to around €50m with 220 employees.
Wisdomic is a Finnish IT services company employing around 60 people with offices in Kaarina, Vantaa and Seinäjoki and a data centre in Vantaa. Its offering is focused on cyber security services, cloud and data centre solutions, equipment, and user support services, as well as IT infrastructure maintenance and monitoring.
