On July 1st Famoc S.A. and Techstep ASA (“Techstep”) have signed an agreement to acquire the entire share capital of Famoc S.A. and affiliates (collectively “Famoc”), a software company based in Poland with a European customer base.
As a result of the acquisition, Famoc began the unification with the Techstep group process. Due to the common vision and strive for consistent communication, Famoc started this process by changing the logo on the website. This is only the first step towards full integration with Techstep – more details soon, so stay tuned.
“Acquiring Famoc, its software, systems and European operations makes perfect sense. The transaction strengthens our all-in-one Managed Mobility Services solutions for enterprises in the Nordics, it unlocks a European growth opportunity and should strengthen our financial performance going forward” says Techstep CEO.
Acquisition strengthens MMS offering and unlocking European expansion
The acquisition of Famoc will provide Techstep with:
● Software complementing its Managed Mobility Services (MMS) offering to enterprises in the Nordics
● A European footprint unlocking geographical expansion outside the Nordics
● An expected increase in annual recurring revenue (ARR) of ~40%
● Significant financial synergies from integration of Famoc’s software into Techstep’s MMS offering and from cross-selling opportunities.
“This acquisition is a perfect scenario in the growth strategy of Famoc. By reaching new geographical markets, increasing the user base and integrating into an existing ecosystem of Techstep’s MMS offering Famoc will significantly strengthen the value of its products” says Bartosz Leoszewski, Famoc CEO.
At Famoc we will continue to support our existing customers, work closely with our reseller and distribution partners – however, our experience and market outlook will be significantly better – due to exposure to important, mature European markets in the Nordics.
See the full press release here and feel free to contact Famoc for more information:
Bartosz Leoszewski, CEO, Famoc S.A., +48 516 057 717
About Techstep ASA
Techstep is purpose-built to become a leading Managed Mobility Services provider in the Nordics. Techstep combines device management, software, hardware and connectivity into a managed service. This enables enterprises and their employees to do their work across mobile devices and locations, with a high degree of security and operational stability. Techstep has 300 employees based in Norway, Sweden and Denmark, serving 550+ enterprise customers across various industries in the private and public sectors. The company is listed on the Oslo Stock Exchange. For more information, please visit www.techstepasa.no.
Famoc was founded in Poland in 2006 with offices in Gdansk and Warsaw. Famoc delivers software solutions for mobility management to SMEs and enterprises via channel partners, and offers products within the categories Software to manage mobile devices and secure mobility in business, Security software to defend confidential data, and Software that locks down the devices of users with overdue payments.