Innofactor Oyj - Company Announcement

Innofactor starts personnel negotiations in Finland affecting less than 10 employees

Innofactor Plc Stock Exchange Release December 16, 2014 08.30 Finnish time



Innofactor is starting personnel negotiations in Finland concerning the
reduction or conversion to part time of less than 10 positions based on
financial and productional grounds. The negotiations affect a part of the
administrative functions, as well as those business areas, which were already
in scope of earlier negotiations in September that resulted mainly in temporary
layoffs. Innofactor now believes that the market situation in these business
areas has changed permanently. The negotiations are expected to last a maximum
of two weeks. 



Espoo, December 16, 2014

INNOFACTOR PLC

Sami Ensio, CEO



Additional information:

Sami Ensio, CEO
Innofactor Plc
Tel. +358 50 584 2029

Distribution:

NASDAQ OMX Helsinki
Principal media
www.innofactor.fi



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 about 400 motivated and skilled
employees in a number of locations in Finland, Denmark, and Sweden. 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.