Bahrain: Investcorp to investment in DevOps leader Eficode

Bahrain: Investcorp to investment in DevOps leader Eficode

Bahrain - Investcorp, a leading global alternative investment firm, today announced that it has agreed to make a significant investment to become a majority shareholder in Eficode, a leading global provider of DevOps consulting and managed services.

Investcorp will partner with the company’s founder Risto Virkkala and its CEO Ilari Nurmi to support Eficode through its next phase of ambitious growth and international expansion.

Virkkala, Nurmi and the rest of the Eficode management team will continue to be significant shareholders in the company alongside Investcorp.

The terms of the acquisition were not disclosed.

Founded in 2005 in Helsinki, Finland, Eficode is a pioneer of DevOps and Agile practices that have transformed how companies across industries develop software. Eficode grew its revenues from €22 million to over €150 million in the last four years, and now serves over 1,400 customers. Today, Eficode is present in 10 countries around the world, including Finland, Sweden, Denmark, Germany, Switzerland, the UK and the US, and employs approximately 600 professionals.

Eficode is the partner of choice for many of the world’s leading companies, including Volvo, P&G, Nokia, The Royal Bank of Scotland, OP Financial Group, Vodafone, ABB, Kone, Rovio and Vestas, among others.

Eficode is amongst the most significant Atlassian, GitHub