Formpipe: Tieto acquires Norwegian competitor
Research Note
2015-06-25
09:38
This morning, IT consultant firm Tieto announced its acquisition of Norwegian Software Innovation, a provider of Enterprise Content Management solutions similar to Formpipe. The acquisition multiples are in the range of Formpipe's valuation, and it will be interesting to see what synergies the company can leverage. In this sector, it can be of help to have an established consulting organization that sells the acquired firm's software products in through its existing customer relations.
AS
Alexander Sattelmaier
Disclosures and disclaimers