Sofigate and 3gamma Join Forces
- M&A Deals
- 07.02.2017 10:00 am
Sofigate and 3gamma, the biggest IT management consulting companies in the Nordics, are joining forces. As Sofigate acquires 3gamma, the joint company will have offices in four countries: UK, Denmark, Sweden and Finland. By 2020, the company is aiming to grow into the leading IT management advisory and consulting services company, with 750 employees and a revenue of 100 million euros.
Both Sofigate and 3gamma have successful growth histories. Sofigate has been a pioneer of IT management since 2003 and currently employs 300 professionals in Finland and in Sweden. Sofigate has invested in the development of IT management concepts and tools, which are integral parts of the company’s services. Sofigate’s open source IT Standard for Business is used in 23 countries.
In 2016, Sofigate was identified by London Stock Exchange Group as one of the 1000 fastest-growing and most dynamic small and medium-sized enterprises in Europe.
3gamma, founded in 2008, provides independent technology strategy consulting and IT advisory services. The company has offices in three countries: in Sweden, Denmark and the UK. 3gamma currently employs 100 IT management consultants.
Sami Karkkila, CEO of Sofigate, said: "Acquiring 3gamma is a significant strategic step on our journey to become Northern Europe’s leading IT management company. Our cultures and values have many similarities and we can offer our employees a unique growth platform, enabling their capabilities and passions to flourish. This serves our customers’ needs, as the companies’ offerings and geographical coverage complement each other. Sofigate and 3gamma are a perfect fit.”
Through the merger, the joint company will be well-positioned for continued growth in Northern Europe and will be able to offer a broader range of specialized services to its customers. According to 3gamma CEO Peter Wahlgren, the company is ready to seize the market opportunities with Sofigate.
Peter Wahlgren said: “Our customers are reimagining technology and the role of their IT organizations is changing. Traditional CIO organizations are being transformed and merging with CTO organisations. New CDO organizations need technology management competences. Through our merger with Sofigate, our team will be ideally positioned to support our customers in digitizing their businesses.”
The joint company will be headquartered in Espoo, Finland. Following Sofigate’s acquisition of 3gamma, the joint company consist of 400 colleagues and will have a pro forma revenue of 50 million euros in 2016.