Sentica backs Descom acquisition of Konehuone

Sentica jointly acquired and merged Descom and Integware in September 2009, and currently holds a 58.2% stake in the company. A capital injection has been made in relation to the current acquisition, although no further details about the transaction have been disclosed.

Descom says the merger allows it to expand its range of services to incorporate both software and hardware sides of infrastructure-as-a-service, software-as-a-service and similar cloud solutions.

Company
Descom, founded in 1997, provides IBM-based eBusiness services. The company's software products are divided into two main categories: electronic marketing and sales, and electronic work environments. It employs 179 staff in Helsinki, Jyväskylä, and Tampere, Finland, and has recorded revenues of €15.7m.

Konehuone, founded in 2003, delivers server and data storage platforms, covering the systems' life cycle from initial analysis and design to runtime support. Based in Espoo, Finland, it employs 27 staff and had a €16.1m turnover in the 2010 fiscal year.

People
Marjatta Rytömaa, investment director, managed the deal on behalf of Sentica. Juha Harju is the chief executive of Descom. Markku Nikola is the managing director of Konehuone.

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