HELSINKI, FINLAND - November 14, 2016 – Midaxo, the leader in mergers and acquisitions (M&A) software, has raised $4 million to drive continued growth. This A-round funding is led by Finnish Industry Investments (FII) and Sweden-based EOC Capital, with existing investors joining in, and brings Midaxo’s total funding to date to approximately $7 million. Midaxo will use the additional capital to accelerate product development and expand customer-facing activities.
Currently, Midaxo has 30 employees, and the employee headcount is expected to rise to 60 by the end of year 2017. The goal is to hire new developers for the Helsinki office and expand the sales and marketing teams in the Boston office.
Midaxo’s cloud software helps acquirers succeed in M&A by driving an efficient end-to-end process from target identification and due diligence through integration. With Midaxo’s software, acquirers systematize and simplify their M&A activity and minimize the risks in deals that are often strategic, complicated, and time-critical. Enabling efficiency and compliance, Midaxo helps acquirers reach synergy targets faster and more accurately.
Today, Midaxo supports almost one hundred customers in the United States and Europe. The company’s public references include ADT, Hewlett Packard Enterprise, Hitachi Rail, Philips, and PTC, for example.
“With this investment round, we are creating immensely value-adding features and are moving our product towards a microservices-based architecture. That is why we are actively hiring developers in Helsinki”, Jani Siivola, CTO at Midaxo, says.
For further information, please contact:
+358 (0) 503 228 391
Midaxo’s cloud software helps acquirers succeed in M&A by driving an efficient process from target identification and due diligence through integration.
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