Eficode is a leading DevOps consulting and managed DevOps platform provider that helps companies with digital transformation and software development capabilities. The company is among the most significant Atlassian, GitHub and GitLab partners worldwide, measured by certified professionals, partnerships, and industry awards. After Bocap’s April 2018 investment, Eficode grew revenues from €22 million to over €150 million in four years and now operates in 10 countries with roughly 1,400 customers, including Volvo, P&G, Nokia, The Royal Bank of Scotland, OP Financial Group, Vodafone, ABB, Kone, Rovio and Vestas. Founder Risto Virkkala and CEO Ilari Nurmi lead the company and will remain significant shareholders alongside the new investor. Eficode plans to significantly accelerate global expansion and pursue further acquisitions and organic growth with its new partner. Eficode is a Finnish DevOps-focused software and design company that delivers software production services, DevOps, big data, service design, usability studies, user experience, user research, UX/UI design and accessibility. The firm serves clients including Rovio, Danske Bank, VR, Elisa, Suunto and YLE. Led by CEO Risto Virkkala, Eficode operates offices in Tampere, Gothenburg, Stockholm and Copenhagen and employs over 200 experts. In April 2018 the company received a €6m minority investment from private equity firm Bocap. Eficode intends to use the funds to accelerate internationalization of its product and service businesses and to open offices abroad by the end of 2019. No revenue or user figures are stated in the article.

Total raised

$7M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2018