Transaction

Clearwater advises Abry-backed Confirma Software on the acquisition of Finnish enterprise software company SKJ Systems

Transaction

Confirma Software acquired SKJ Systems

Buy-side

Undisclosed

Role

Adviser to Confirma Software on the acquisition of Finnish enterprise software company SKJ Systems

Sector

Tech & Tech Services

Region

Finland

We have advised Abry-backed Confirma Software on the acquisition of Finnish enterprise software company SKJ Systems.

Confirma Software was founded by Abry Partners, a US-based private equity with deep sector knowledge in business and information services, in May 2019. The company has a strategy to consolidate enterprise software companies with specialised offerings for SME customers throughout the Nordic countries.

Confirma now acquired SKJ Systems, a Finnish provider of Point-of-Sales (POS) systems under Jeemly and Flowvy brands. Confirma will integrate SKJs POS systems with its current ERP solutions offering.

Illustration for SKJ Confirma Software

Advisory work by the Clearwater Finland team was of the highest quality and enabled us to complete the transactions efficiently and expectedly. Their contacts and knowledge of the Nordic software sector have been instrumental for us in realising the growth strategy.

Jarle Mørk, CEO of Confirma Software

These transactions are good examples of our unique cross-border buy-and-build capability that benefit both our private equity and industrial clients. The value-add to our customer from this type of work is significantly higher than in traditional M&A advisory. We are currently working on Nordic basis in other segments as well.

Juha Raunio, Managing Partner, Clearwater

Advisers

Transactions