Affecto Oyj - Company Announcement

Affecto to Acquire BIGDATAPUMP

Affecto Plc – Stock Exchange Release, 20 December 2016 at 9:00, Helsinki

Affecto to Acquire BIGDATAPUMP

Affecto has agreed to purchase BIGDATAPUMP, a privately held cloud analytics
company based in Finland. Revenue of BIGDATAPUMP was EUR 1.8 million in 2015
and is estimated to be approximately EUR 3.3 million in 2016. 

The purchase price consists of an EUR 3.5 million cash payment upon closing of
the transaction and an earn-out element worth a maximum of EUR 3 million. The
earn-out element is also paid in cash, subject to the achievement of defined
financial targets in 3 years, at the latest in 5 years. This overall purchase
price is on a net debt free basis. 

The transaction will result in the establishment of a joint business with an
exclusive suite of cloud data analytics offerings with managed service
capabilities, including nearshore delivery, as well as service design
capabilities. The business will drive a plan of expansion across Finland &
Scandinavia in 2017. 

This acquisition represents the joining of Affecto’s existing Northern European
office network with BIGDATAPUMP’s growing international business footprint.
Juko Hakala Affecto CEO states, “The companies’ combined offerings will set
Affecto and BIGDATAPUMP apart as the premier Northern European solution to
power data driven businesses for our customers.” 

The transaction is expected to be finalized by the 1 February 2017.

Following the transaction, BIGDATAPUMP will retain its brand and focus, while
its personnel, customers, and partners will belong to newly formed BIGDATAPUMP
under the Affecto Group. 


AFFECTO PLC
Juko Hakala
CEO


For additional information, please contact:

Iikka Lindroos
Deputy CEO
+358 40 8018331
iikka.lindroos@affecto.com