Press release -
Standout Increases Miradore Shareholding - Becomes Majority Owner
Standout Capital are pleased to have acquired a further 20% ownership stake in portfolio company Miradore Oy on September 30, 2020 by purchasing little over 500,000 shares from Innovestor Ventures, the early stage venture capital investor based in Helsinki. Following the transaction, Standout becomes the majority shareholder with around 69% ownership.
Since Standout’s initial investment in Miradore in May 2018, the company has grown significantly internationally, particularly in the US. In fact, the company has in the last two years successfully transformed from a predominately domestic on-prem business to a global SaaS business. Now more than 50% of revenues are international as well as generated from the fast growing, completely cloud based SaaS MDM (Mobile Device Management) offering.
Simo Salmensuu, CEO, Miradore, +358 50 386 3260, email@example.com
Erik Wästlund, Partner, Standout Capital, +46 70 755 79 69, firstname.lastname@example.org
We are a Finnish software company specialized in effective, cloud-based device management solutions (MDM, UEM, and EMM). We help organizations and Managed Service Providers (MSP) secure and manage their IT devices smarter. Miradore was founded in 2006, and today our software is used by more than 10,000 companies in over 180 countries. www.miradore.com
Standout Capital is a Stockholm-based private equity firm investing in growing Nordic tech companies. As an active owner, our mission is to support outstanding companies to grow and succeed. Standout Capital’s overall idea is to the digital transformation in business and society. The founders and investment team build on experience in entrepreneurship, investments and finance. The fund size is SEK 1 billion.