Innofactor Oyj - Changes board/management/auditors

Janne Martola appointed Innofactor’s CFO and Deputy CEO

Innofactor's Board of Directors has appointed Janne Martola CFO for Innofactor
Plc and Deputy to the CEO as of July 9, 2014. Since 2011 Martola has worked as
Vice President responsible for Innofactor's International Business and
Acquisitions. In his new role, Martola, M.Sc. (Tech.), will continue as member
of Innofactor's Executive Board reporting to CEO Sami Ensio. 

With this action, Innofactor streamlines its organization, increases the
business focus of its financial management, and ensures the high level of its
mergers and acquisitions competence also in the future. Innofactor will
discontinue the role of a separate Vice President for International Business.
Going forward, the Country Managers will report directly to the corporation's
CEO Sami Ensio. In the future, Martola will be responsible for mergers and
acquisitions in addition to his CFO role. He will also act as Deputy to the
CEO. Innofactor will immediately initiate the recruitment for a person to focus
on mergers and acquisitions as well as international business and to strengthen
the respective team under the CFO. With these arrangements, the number of
Executive Board members will decrease from nine to eight. 

”With this arrangement we are able to tighten Innofactor's management and
centralize our Executive Board operations. I believe that we will be able to
focus more and more on strategic and business topics in the Executive Board. We
will also be better equipped to ensure the continuity and scalability of
mergers and acquisitions in the future,” says Innofactor's CEO Sami Ensio.
“Furthermore, Janne Martola is extremely well qualified to act as my deputy.” 

”Innofactor's CFO role is a wonderful opportunity for me,” says Janne Martola.
“I believe that in my new role I can create even more value to Innofactor's
shareholders. My objective is to create a financial management function for
Innofactor that will strongly support business and to build a strong mergers
and acquisitions team with prerequisites to execute the growth targets outlined
in our strategy.” 

Innofactor's former CFO Tiina Pulli will not continue at the service of the
company. Innofactor thanks Pulli for her contribution. 



Espoo, July 9, 2014

INNOFACTOR PLC

Sami Ensio, CEO



Additional information:

CEO Sami Ensio, Innofactor Plc

Tel. +358 50 584 2029

sami.ensio@innofactor.com



Distribution:

NASDAQ OMX Helsinki

Principal media

www.innofactor.com

Innofactor is one of the leading Nordic IT solution providers focused on
Microsoft platforms. Innofactor delivers business critical solutions and
maintenance services as a system integrator and develops its own software
products and services. Innofactor's own product development is focused on
Microsoft's Windows Azure based cloud solutions. Innofactor's customers include
over 1,000 private and public sector organizations in Finland, Denmark, Sweden
and elsewhere in Europe. The company has over 400 motivated and skilled
employees in a number of locations in Finland, Den-mark, Sweden and Russia.
From 2009 to 2013, Innofactor's annual net sales growth has been 43 percent on
average. Leading Finnish business publication Kauppalehti selected Innofactor
as the most successful company on the Finnish stock exchange in 2013. The
Innofactor Plc share is listed in the technology section of the main list of
NASDAQ OMX Helsinki Oy.