Digia expands its scalable services with Robotics as a Service capabilities by acquiring MOST Digital – Marketscreener.com

Press release11 April 2022 at 09:45 am

The acquisition combines the industry's leading integration solutions and automation platform services, providing customers with new process efficiency and even more cost-effective methods for data-based management. The acquisition supports Digia's strategy of growing its scalable services.

On 11 April 2022, Digia Plc and MOST Digital Oy signed an agreement through which Digia will acquire MOST Digital's entire share capital. It is planned that the acquisition will be completed on 2 May 2022. The MOST Digital Group includes MOST Digital Oy and MOST Digital Sweden AB. With this acquisition, Digia will grow its scalable services and bolster its expertise and growth in the integration and API business with automation platform services. The companies have already been working as partners for two years now.

MOST Digital employs 34 software robotics and artificial intelligence professionals at its locations in Helsinki, Lempl, Rovaniemi and Stockholm. MOST Digital provides continuous Robotics as a Service solutions for business process automation built on top of an open-source platform, developed in house, as well as its own cloud solution that harnesses Microsoft Azure.

"This acquisition is the logical next step in expanding Digia's service capabilities, the strategic development of Digia's Managed Digital Core service area and the whole company's international growth," says Janne Tuominen, Senior Vice President at Digia. "Our customers' services generate and utilise data at an ever-faster pace. By joining forces with MOST Digital we amplify our expertise by combining integration with an automation platform, eliminating manual steps in customers' processes and providing better tools for data management and availability," says Tuominen.

"MOST Digital has systematically implemented its growth programme, which revolves around internationalisation and the development of service scalability. The outlook in the sector is very good, and companies' and organisations' investments in digitalisation through automation platform services keep growing at a high rate. Digia and MOST Digital share a strong growth agenda, which they have previously pursued through their partnership. This cooperation will deepen further thanks to this M&A," says Olli Ainasvuori, CEO of MOST Digital. "Digia has strong delivery capacity, and MOST Digital has top professionals in software robotics and artificial intelligence. Together with Digia, we can provide the customers of both companies with end-to-end hyperautomation solutions as a one-stop shop."

The parties have agreed not to publish the acquisition price. MOST Digital had net sales of around EUR 2.8 million in the fiscal year ending in December 2021. The acquisition will have no personnel impact. MOST Digital's figures will be consolidated with the Digia Group as from the beginning of May 2022.

Further information:

Media contacts: communications@digia.com

Janne TuominenSenior Vice President, Digia PlcTel. +358 40 839 4370janne.tuominen(at)digia.com

Olli AinasvuoriCEO, MOST DigitalTel. +358 40 718 6632olli.ainasvuori(a)mostdigital.fi

Digia in brief

Digia is a software and service company that helps its customers renew themselves in the networked world. There are more than 1,300 of us working at Digia. Our roots are in Finland and we operate both in Finland and abroad. We are building a world in which digitalisation makes a difference - together with our customers and partners. Digia's net sales totalled EUR 156 million in 2021. The company is listed on Nasdaq Helsinki (DIGIA). digia.com

MOST Digital in brief

MOST Digital Oy helps companies focus their resources on value-creating work by streamlining operations through software robotics. The company utilizes its own cloud-based software robotics platform, which enables cost-effective and secure automation in data work. The solution implemented by the company is an extensible RaaS cloud service. MOST Digital is an ISO 27001-certified and Finnish Key Flag awarded company that was selected as one of Finland's 15 strongest technology growth companies in 2020 (Deloitte Technology Fast 50, 2020). mostdigital.fi

https://news.cision.com/digia-oyj/r/digia-expands-its-scalable-services-with-robotics-as-a-service-capabilities-by-acquiring-most-digita,c3541951

https://news.cision.com/digia-oyj/i/digia-most-digital-yritysosto-banneri,c3036747

(c) 2022 Cision. All rights reserved., source Press Releases - English

Originally posted here:

Digia expands its scalable services with Robotics as a Service capabilities by acquiring MOST Digital - Marketscreener.com