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Innofactor Oyj Acquires Microsoft Project and Project Portfolio Management Solutions Business from Tietotalo Infocenter Ltd


Friday, 30 Nov 2012 01:30am EST 

Innofactor Oyj announced that it has signed an agreement on acquiring the Microsoft project and project portfolio management solutions business from Tietotalo Infocenter Ltd. The business is based on Microsoft Project solutions and includes the development of project management processes and supporting tools as well as consulting services. The transaction will enter into force on December 31, 2012 and the acquired business will be consolidated into Innofactor’s financial figures from January 1, 2013 onwards. The Sales of the acquired business on the current year 2012 is expected to be approximately EUR 0.5 million. Tietotalo Infocenter’s personnel in the acquired unit are transferred into Innofactor as existing employees. The purchase price is paid in cash from Innofactor’s cash funds. 

Company Quote

1.02
-0.01 -0.97%
29 Aug 2014