Emric is a global provider of software solutions for origination and management of virtually any type of loan, mortgage, asset finance and lease. With 60+ customers in 24 countries and management of financial contracts in 94 countries Emric develops products that are designed for multinational conditions.
Pedram Tadayon, CEO of Emric, commented: “Over several years of dynamic growth, Emric has established its position as a strong Nordic player within analytics and lending software. Furthermore, our leasing software is well established both in the Nordics and across Europe. Today, we are very excited about the prospects of joining Tieto, especially following their recently announced increased focus on the Financial services industry. This transaction represents another important milestone in Emric’s development and we believe that joining forces with Tieto will strengthen our ability to help our customers future-proof their businesses. Emric’s leading software products and services combined with Tieto’s broad expertise and global scale will empower us to serve our customers even better.”
“GP Bullhound has done a great job advising us on the transaction, from start to finish. The team’s commitment was instrumental in the process, which led to a successful outcome.”
Tieto is one of the largest IT service providers in Europe. Headquartered in Finland, Tieto has over 13,000 employees in close to 20 countries, with a combined turnover of approximately EUR 1.5 billion. Its shares are listed on NASDAQ in Helsinki and Stockholm.
Per Roman, Managing Partner of GP Bullhound, commented: “We are delighted to have advised a leading Nordic Fintech company on its successful sale to Tieto. It has been a pleasure to work with such a great management and owner group, and this transaction marks another marquee transaction for GP Bullhound in the software and services space.”
This represents the completion of GP Bullhound’s 13th transaction in 2016 and further establishes the firm’s expertise in advising Fintech category leaders, following on from recent transactions including LendInvest and Prodigy Finance.
For enquiries please contact Per Roman, Managing Partner, at firstname.lastname@example.org, or Carl Wessberg, Director, at email@example.com.
About GP Bullhound
As dealmakers in technology, GP Bullhound provides independent strategic advice on mergers and acquisitions and private placements to entrepreneurs, companies and investors. By combining a true passion for innovation with great access to global buyers and capital across Europe, US and Asia, GP Bullhound has completed transactions with many category leaders including Avito, Delivery Hero, Fjord, King.com, Pingdom, Pozitron and Spotify. The firm was founded in London in 1999 and today also has offices in San Francisco, Stockholm, Berlin, Manchester and Paris. For more information, please visit www.gpbullhound.com, follow us on Twitter @GPBullhound or watch our video here
Emric started out by introducing Sweden to algorithmic banking and fully automated end-to-end credit processes in 1999. Since then its products have been developed to not only meet the requirements of practically any retail financing and commercial financing scenario but nowadays its solutions also include deposits, card approvals, traditional and alternative scoring, electronic identity, electronic signing, AML and KYC. Emric’s customer base includes banks, insurance companies, captive finance companies, online lenders and alternative financing companies. In short, Emric delivers core banking solutions tailored around lending and leasing for any type of customer. For more information, please visit www.emric.com