HomeAcquisitionsHelsinki-based software company Comptel acquires Finnish analytics startup Xtract

Helsinki-based software company Comptel acquires Finnish analytics startup Xtract

Comptel, a Helsinki-based software company, just announced the acquisition of Xtract Oy, a Finnish analytics startup, for a total consideration of €3.1 million (enterprise value) (Update – February 2023: The startup seems to be no longer in business under this website and we therefore deactivated the link).

Xtract was founded in 2001 and has about 20 major customers including telecom operators AVEA in Turkey, DNA in Finland and Megafon in Russia, as well as insurance, retail and media companies. Xtract’s net sales were €2.4 million in 2011, and employs 27 people which are mainly based in Espoo, Finland.

According to Comptel, the acquisition is financed through liquid assets. The main selling shareholders are private equity funds managed by Creandum, Innovations Kapital and Verdane.

Comptel’s is building an integrated offering for service providers to manage their customer experience and to drive new revenues from their subscriber base. Comptel operates one of the world’s leading platforms for information extraction and automated service fulfillment with 280 customers worldwide. By acquiring Xtract, the company will create a unique offering by combining great analytics capabilities with its existing assets. This offering helps operators to react quickly to events from the network, and then transform them automatically into relevant and timely actions that aim to improve the customer experience.

Juhani Hintikka, the President and CEO of Comptel, stated:“Xtract is globally a leading expert in advanced customer analytics. This acquisition completes Comptel’s ‘event-analysis-action’ vision, which will help telecom operators provide value to their customers and operations by driving real-time business decisions.”

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Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).

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