Enfo to acquire Rongo and expand its operations in BI and analytics
IT service company Enfo Oyj will acquire the Finnish expert company Rongo Oy, which specialises in business intelligence and analytics solutions.
Through the transaction, 75 experts in information management will transfer to Enfo. The merger will strengthen Enfo’s strategy, with the aim of growing into a significant solution supplier for the digital era in the Nordic countries.
Rongo, which made it onto the Deloitte Technology Fast 50 list of growth companies last year, has solid experience in information management and how information can enable more effective business operations. The company has grown profitably, despite the challenging market situation in Finland. Its customers mainly include large and medium-sized Finnish companies that operate internationally.
Until now, Enfo has focused on IT and financial process services in Finland. Enfo is now expanding its offering to target similar overall solutions for business needs at Finnish customers. Rongo’s special expertise in BI and analytics complements Enfo’s current service range in Finland in both the outsourcing of financial processes and IT.
Enfo Group’s BI and analytics operations have grown steadily in Sweden since the company started offering services in this business area four years ago. Combined with the Rongo acquisition, Enfo will be among the largest BI and analytics businesses in the Nordics. Analytics is one of the main trends in the IT market, and a major reason for the enlargement in the Finnish market.
“This transaction clearly shifts our focus in Finland towards being a solution supplier. We have been looking for a proper partner, and we selected Rongo as the best option in the field of BI and analytics. We will continue our investments in BI and analytics services in the Nordics, and our objective is to be among the largest specialised suppliers in all of our operating countries,” says Tero Kosunen, SVP for Business Development at Enfo.
“This is a great alliance – our businesses complement one another perfectly and there are clear synergies on the customer competency, technology and marketing sides. Enfo has already succeeded excellently in integrating consulting businesses, and we look forward to being a key part of a complete Enfo solutions offering,” says Sami Kähkönen, Managing Director of Rongo.
The companies are not disclosing the purchase price. The transaction leaves Enfo with 885 employees – 425 in Finland and 460 in Sweden.
For additional information, please contact:
Tero Kosunen, SVP, Business Development, Enfo Oyj, tel.: +358 50 444 1200. Email format: firstname.lastname@example.org
Sami Kähkönen, Managing Director, Rongo Oy, tel.: +358 40 547 6478. Email format: email@example.com
Distribution: main media and www.enfo.fi
Rongo is a Finnish expert company specialising in information management. We help organisations in the management, processing and utilisation of information in their operations. Our services range from data storage and the management of big, master and business data to performance management and preventive analytics. Rongo employs 75 professionals. Established in 2006, the annual turnover of the solvent and growing company is EUR 9.1 million (in 2014). www.rongo.fi .