Transaction

Clearwater advises Abry-backed Confirma Software on the acquisition of Tietoaika Oy

Transaction

Abry-backed Confirma Software acquired Tietoaika Oy

Buy-side

Undisclosed

Role

Adviser to Abry-backed Confirma Software on the acquisition of Tietoaika Oy

Sector

Tech & Tech Services

Region

Finland

We have advised Abry-backed Confirma Software on the acquisition of Finnish developer of residential real-estate management solutions, Tietoaika Oy.

Confirma Software was founded by Abry Partners, a US-based private equity with deep sector knowledge in business and information services, in May 2019. Confirma Software has a strategy to continue to grow in the Nordic market through the acquisition of Nordic enterprise software companies with established market positions, serving the Nordic SME market or the public sector.

Confirma now acquired Tietoaika Oy, a leading developer of residential real-estate management solutions. The company was established in 1987 and has more than 250 customers. The Domus ERP solution is among other things an invoicing and accounting system, while the Huoneistotieto.fi solution is an information platform for owners, residents and board members in building societies.

The Clearwater Finland team has been advising Confirma Software and Abry Partners since Confirma’s first acquisition and acted as the exclusive financial advisor for Abry Partners also in the acquisition of Tietoaika Oy.

Illustration for Tietoaika Confirma

Clearwater’s effort was once again of the highest quality and enabled us to complete the transaction efficiently. Their contacts and knowledge of the Nordic software sector has proved instrumental for us in realising the growth strategy.

Jarle Mørk, CEO, 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.

Juha Raunio, Managing Partner, Clearwater Finland

Advisers

Transactions