Riada has been acquired by Eficode
Riada AB has been acquired by Eficode Oy. Through the acquisition of Riada, Eficode strengthens its growth within the Atlassian software ecosystem and in the adoption of agile and DevOps practices and tools. Combined, Eficode and Riada become the undisputed leader in the Atlassian market in Northern Europe.
Riada, founded in 2005, is a market leader in Atlassian consulting and the provider of managed services for Atlassian software in Sweden. The company provides all Atlassian applications and agile services tailored to the customer’s needs. The offering ranges from expert consulting and hosted solutions to training and license sales. Headquartered in Stockholm, Sweden, Riada serves customers in the Nordics within a broad number of industries such as banking, public sector, IT and technology, automotive and security. Riada’s revenues amount to approximately US$17 million.
Eficode is a company offering products and services within DevOps, software design and development and application management. It is headquartered in Helsinki, Finland, and operates in seven different European markets. Eficode employs approximately 400 professionals.
Oaklins’ Swedish team was engaged to run a structured sale process and advised the seller throughout the transaction.
Founder, Riada AB
Talk to the deal team
Helmes has acquired Lithuanian software developer TeleSoftas
International digital innovation company Helmes has acquired a 70% stake in Lithuanian software engineering firm TeleSoftas. The investment aligns with Helmes’ strategy to become the largest digital innovation company in the Baltic Sea region.Learn more
IDL Precision Machining has been acquired by Cadrex Manufacturing Solutions
The shareholders of IDL Precision Machining (IDL) have sold the company to Cadrex Manufacturing Solutions (Cadrex).Learn more
Ricotto has been acquired by Sitra Group
Ricotto S.r.l. has joint Sitra Group, a Belgium-based and PE-backed international logistic and transportation group.Learn more