Estonia, EU – Baltic States, Markets and Companies, Mergers and take-overs, Technology

"Because of its long-term experience and strong customer base, CCC is a suitable partner for Webmedia. CCC is a well-managed and profitable company with a strong balance sheet and good growth prospects”, says Priit Alamäe, the founder and CEO of Webmedia Group.

"With Webmedia we can serve our customers even better. Together we are able to deliver even larger software projects and a broader product portfolio", says Jorma Kallio, CEO of CCC.

The two companies have know-how from different vertical markets, complementing each other perfectly. CCC is a strong provider in industrial production and materials management. Webmedia excels in finance, healthcare and telecom sectors, among others. The merged company is a clear thought-leader in public administration solutions and e-services.

CCC and Webmedia plan to continue to function under their current names and organizational structures, as the companies' representatives state.

The estimated combined revenues of the group for 2011 will be 40 million euros, their operating profit four million euros and the company will employ close to 600 software professionals.

Webmedia Group is headquartered in Tallinn, Estonia. The company is the largest software solutions provider for the Estonian market with growing international operations, employing about 400 specialists in total. Founded in 2000, the company offers software solutions to clients in the public as well as private sector. In 2008 and 2009, Webmedia Group was recognized among the 30 fastest growing technology companies in Central and Eastern Europe, and 500 fastest growing technology companies in the EMEA region.

CCC is a reliable and dynamic Finnish software company. Founded in 1985, CCC is an innovative and proactive service partner that helps its customers apply and integrate ICT systems required for new business models. CCC employs about 170 professionals serving customers in Finland with offices located in Oulu, Rovaniemi, Turku, Uusikaupunki and the Helsinki metropolitan area.