The combined Likeit Nepton Group is a strong software group providing SaaS services for human resources, time tracking, financial management and analytics.
Likeit is a provider of SaaS and financial management services for labor-intensive industries. Nepton is Finland’s most recommended SaaS provider for working time monitoring. Both companies are also known for their HR solution and additional scheduling service. The companies have grown rapidly, profitably and continuously expanded the operational coverage of their services.
Likeit and Nepton together form the Likeit Nepton Group, whose services are used daily by more than 110,000 people in Finland and Northern Europe. There are more than 700 customers in various industries. The Group has a strong market position in, among other things, the financial and personnel services industries and the public sector. The Group’s net sales in 2020 are approximately EUR 8 million, the majority of which comes from continuous SaaS services. The Group employs more than 50 experienced experts.
The merger will not result in any contractual or operational changes for customers, partners or personnel. The services provided by the companies will remain unchanged.
The goal of the Group’s owners is to continue strong growth and develop new services for working time and payroll administration automation and business analytics. Services continue to be provided both directly to customers and through a network of partners. The Finnish private equity investor Sponsor Capital will become the Group’s owner to support the achievement of the goals.
The ways of doing work are changing rapidly both in Finland and elsewhere in the world. Demand for the Group’s services is strong and companies are in an excellent position to respond to work change with their easy-to-use SaaS services. The committed and skilled employees employed by the companies play a key role in enabling the companies to continue to grow and develop.
The management of the companies owned by the Group remains unchanged. Kaj Rintala will continue as CEO of Likeit and Jukka Kivistö will continue as CEO of Nepton. The CEO of the formed Likeit Nepton Group is Kaj Rintala and the Deputy CEO is Jukka Kivistö.
“Nepton has grown strongly in recent years. By merging with Likeit, we can offer our customers more extensive services and the opportunity for employees to cooperate with all the Group’s experts. I believe that the merger will create very interesting opportunities in the future, ”says Jukka Kivistö, CEO of Nepton
“Likeit has been looking for the best way to continue its rapid but controlled growth while maintaining the job satisfaction of our staff. Even a conventional partnership with Nepton would have been a big step for us, but a genuine merger with such a great company is a huge leap forward. It’s great to be able to take advantage of the opportunities offered by our joint trip, ”says Kaj Rintala, CEO of Likeit.
“Likeit and Nepton are leading companies in their respective fields. The rapid growth of recent years has been made possible by the long-term work of skilled entrepreneurs and staff. It is great to join this group and support the joint future of the companies, ”says Sponsor Capital’s partner Jussi Seppälä.
Mergero acted as advisor to the sellers in the project and as the executor of the arrangement.
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