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|Traded as||Nasdaq Helsinki: AFE1V|
|Headquarters||Helsinki, Uusimaa, Finland|
Number of employees
|Footnotes / references
Areas of business, subsidiaries, net sales, employees
Affecto is one of the biggest providers of Business Intelligence (BI) and Enterprise Information Management (EIM) solutions in the Nordic countries. The company is headquartered in Helsinki and has subsidiaries in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia and Poland. The company’s CEO is Mr. Pekka Eloholma.
In 2012, Affecto’s net sales were 133 MEUR and the number of employees is approx. 1100 as of 31.12.2012. Company’s market cap is 78.4 MEUR (19 Feb 2013). Kauppalehti
|% of net sales||7.8||6.4|
|Profit before taxes||10.0||7.1|
|Profit for the period||7.6||5.3|
|Equity ratio, %||50.6||46.1|
|Net gearing, %||15.8||27.1|
|Earnings per share, eur||0.37||0.26|
|Earnings per share (diluted), eur||0.26||0.25|
|Equity per share, eur||3.24||2.91|
Affecto's roots are in the IT departments of Finnish metal industry companies (e.g. Rosenlew, Rauma-Repola and Wärtsilä). These departments were demerged from their parent companies during the 1980s. These individual IT companies were merged by Enator group during the 1990s, and the company was part of the Enator group Ltd in the 1990s.
When the Enator Group merged with Tieto Ltd in 1999, the competition authorities gave permission for the merger only on the condition that the newly formed company sold Enator's Finnish operations, i.e. Enator Finland.
The acting management bought Enator Finland together with funds managed by Eqviteq and Fenno Management. The newly formed company was named Affecto Group Ltd.
In 2004 the company’s name was changed to Affecto-Genimap Group Ltd after Affecto bought all shares of Genimap, a Finnish Geographic Information Systems (GIS) company.
In November of the same year, the company expanded to the Baltics, buying the Lithuanian UAB Informacines Technologijos that was an IT service provider operating in Lithuania, Latvia and Estonia.
The company was listed on the Helsinki Stock Exchange at the end of May 2005, following an IPO. Domasoft Ltd was purchased in December 2005 strengthening Affecto’s offering in document management solutions.
In September 2006, the company bought ZenPark Ltd. This purchase further expanded the BI solutions offering in Finland. The current CEO Pekka Eloholma also started in Affecto in 2006.
In December 2006, the company started its operations in other Nordic countries by buying the Swedish BI company Intellibis Ltd.
The name of the company was changed to Affecto Plc in 2007. The same year saw the expansion of operations to Norway and Denmark with the purchase of Norwegian Component Software Group.
||This article appears to contain a large number of buzzwords. (March 2014)|
Affecto’s range of solutions comprises four areas:
Information infrastructure solutions aim at the consolidation of information from different sources as well as its quality monitoring and improvement. At Affecto, this includes tailored solutions for handling data integration, data warehousing, data quality, Master Data Management and Information Lifecycle Management.
2. Information and performance management
Affecto’s information and performance management solutions provide reporting, analysis and performance management tools to assist in management and decision making. Reporting and analysis involve all operative processes, and performance management solutions support planning by providing a comprehensive, real-time overview of the business.
3. Collaborative decision making
With collaborative decision making solutions, organizations can involve staff members and invite members of external stakeholder groups, such as customers or partners, to discuss topics and address issues relevant to them. Affecto’s solutions in this field include intranet, extranet, and portal solutions as well as collaborative features in BI, document and case management solutions.
4. Business process optimization
Affecto’s geographic information services and solutions are provided centrally in Finland by Karttakeskus, wholly owned subsidiary of Affecto. Karttakeskus produces enterprise IT and location intelligence solutions to private and public organizations and consumers alike.