Process

Cubescom Oy, together with Systeemiratkaisu Oy and Clearpulse AB, sold to Virnex Group backed by tech investors

Virnex Group Ltd has acquired the entire share capital of Cubescom Oy from the Swedish Leftinger & Johansson AB and the company’s CEO Tero Suominen. Cubescom specializes in business-critical ERP and digitization solutions. Moreover, the Company sells and maintains multiple own products including Clearpulse IT asset managemant software. Cubescom employs about 30 people and its turnover in 2020 was approximately €3,6M. Virnex Group aims to accelerate Cubescom’s growth by expanding its service offering by combining the companies’ diverse expertise.“We are excited about the deal and would like to warmly welcome all Cubescom employees as part of Virnex’s fast-growing team! We are looking for strong growth in Finland and the Nordic markets. The acquisition opens new opportunities for dozens of new customers in Finland, Sweden, and Norway. Cubescom’s subsidiary Clearpulse AB brings us an interesting product for managing IT software, licenses, and devices and at the same time a channel for IT services in Swedish municipalities”, says Johan Ekholm, CEO of Virnex Group Ltd.“The acquisition has very strong synergies and will strengthen both Virnex’s and Cubescom’s current service offering and expertise. Today, Virnex provides top experts in managing and planning digitization projects for large companies. With the Cubescom acquisition, Virnex can offer its customers an even more comprehensive digitization partnership, including management, design, implementation, and maintenance. With the acquisition, Virnex has more than 50 top specialists to offer for its clients”, says Jarkko Multanen, Chairman of the Board of Virnex Group.“I am very satisfied with the deal where Cubescom returns to Finnish ownership based in Lahti. Virnex offers Cubescom’s staff and customers a great future by investing in the company’s modern technology expertise and service offering. I am proud of what we have achieved as a company in the last nine years, and now I’m very motivated to continue the development of the company with an experienced management team at Virnex“, says Cubescom CEO, Tero Suominen.“Carner provided us professional and hands-on sale advisory in every step of the process and had a vital role in final negotiations. Using their ICT knowledge, Carner well-positioned Cubescom Group in software development and software product landscape”, says Per Leftinger, Partner of Leftinger & Johansson AB.

Buyer

Virnex Group

Virnex is a rapidly growing service company in the ICT industry. The company was established in 2019, when Accanto Systems Oy’s business operations were transferred to Virnex Oy as part of a transaction. The company employs more than 20 ICT consultants in Lahti and Helsinki, and offers ICT consultation, as well as managing, planning and implementation of digitalization projects. Following the transaction, Virnex Group’s Pro Forma revenue reaches approximately 7 million euros in 2021. The company’s main owners are CEO Johan Ekholm, Chairman Jarkko Multanen, and CTO Tom Gustafsson.