Viking Venture becomes the largest shareholder in Heeros

Viking Venture announces its investment in Heeros and has acquired 18% of its shares. We intend to be a long-term investor and want to support Heeros in implementing the company’s growth strategy. For Viking Venture, Heeros is a platform for growth and further add-on investments in the business management software area.

– Viking Venture and Heeros share the same vision. For us, Viking Venture’s experience and operational excellence in building fast-growing and innovative software companies, combined with financial strength, is important, says Mikko Pilkama, CEO of Heeros.

Well-positioned in an attractive market 

– The Nordic space for financial management, HR, and ERP software is an attractive market where Heeros has a strong position. Heeros’ offering is received well by the customers and positioned for continued growth, says Jostein Vik, partner at Viking Venture.

Additional capabilities 

– Viking Venture will bring their knowledge and experience to the company and create new business opportunities in Finland and internationally. I’m satisfied that Viking Venture sees the potential in Heeros’ business management offering. With the new investor Heeros gets additional capabilities to enhance our international growth, continues Mikko Pilkama.

– Viking Venture is now the largest shareholder in Heeros, and we look forward to working closely with the management team to continue the growth journey. Viking Venture will support the company with our B2B software expertise and include Heeros in our strong best practice sharing community, says Jostein Vik.

Facts about Heeros

Heeros is a Finnish software company specializing in cloud-based business management solutions. Founded in 2000, Heeros is a pioneer in its field. Heeros solutions meet the changing needs of small and medium businesses looking to invest in integrated, user-friendly systems across the organization. Heeros’ portfolio covers solutions to digitalize key business processes. Processes from financial and human resources management to enterprise resource planning.

Facts about Viking Venture

Viking Venture, the leading Nordic B2B Software investor, invests in fast-growing scale-up companies in the Nordics. The investment focus is business-to-business software companies with international potential. Viking Venture has over NOK 4 billion under management, and the headquarter is in Trondheim, Norway. Further information is available at www.vikingventure.com.

Additional information:

Heeros Oyj,

CEO Mikko Pilkama, tel. +358 40 828 3717

E-mail: mikko.pilkama@heeros.com

Distribution:

Nasdaq Helsinki

Essential media outlets

http://www.heeros.com/en/for-investors

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