Riada has been acquired by Eficode

January 2021 — 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.

Our role in the transaction

Oaklins’ Swedish team was engaged to run a structured sale process and advised the seller throughout the transaction.

Service

M&A sell-side

Parties

“I am delighted to have found the right strategic buyer for Riada that will contribute to accelerating the company’s growth. The combination of Riada’s expertise within Atlassian’s products and Eficode’s knowledge within DevOps, managed services and agile services gives Riada a very strong platform for the future.”

Tommy Nordahl

Founder, Riada AB

Talk to the deal team

Adel Koubaa

Managing Partner

Stockholm, Sweden
Oaklins Sweden

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Lars Gustafsson

Partner

Stockholm, Sweden
Oaklins Sweden

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