Fastroi and Necora to merge
The synergy benefits of the merger will promote Fastroi’s expansion to international markets and streamline product development.
Effective 29 December 2017, the Finnish information system provider Fastroi Ltd and its subsidiary Necora will merge into a single company. The operations of the two companies will continue under the name Fastroi Ltd, while Necora Systems Ltd will cease operations as a business entity. “This merger is a natural continuation of our 2015 acquisition of Necora’s entire capital stock,” says Risto Jalovaara, chief executive officer of the Joensuu-based company.
As a result of the merger, Necora’s primary product, the Nappula customer relationship management system, will become part of the Fastroi’s product family. “We will continue to actively develop both the Nappula and the Fastroi Real-Time Care™ system.” According to Jalovaara, the most significant change is that the company’s teams will work in closer cooperation than before, allowing the company to improve the services it provides to customers even further. Fastroi is the leading information system provider in the Finnish social welfare sector.
Combining the financial, HR and marketing processes of the two companies will provide new efficiencies for Fastroi. “The synergy and efficiency benefits resulting from this merger will support Fastroi’s operations in the Finnish market and create new opportunities for international expansion,” Jalovaara says.
There will be no personnel changes resulting from the merger. The current employment contracts of Necora employees will be transferred to Fastroi. Furthermore, the merger will have no effect on Necora’s other contracts or agreements, as they will also be transferred to Fastroi Ltd without any changes to their terms. Currently, the company has more than 50 software professionals in its employment. Effective from the merger date, Jussi Ahtiainen has been appointed as the company’s chief financial officer. In addition to his other duties, Ahtiainen will be responsible for the company’s Nappula business. Fastroi’s turnover forecast for the year 2017 is more than four million euros after the merger.
Nappula is a versatile customer relationship management system widely used by child protection professionals and social welfare service providers in Finland. Fastroi Real-Time Care™ is the market leader of enterprise resource planning systems used in the Finnish nursing and care sector.
Chief Executive Officer, Fastroi Ltd
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Chief Financial Officer, Fastroi Ltd
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Fastroi Ltd is an innovative information system provider specialising in wireless data collection solutions that support nursing and housing service enterprise resource planning. The company’s products represent the cutting edge in social welfare ERP systems and are based on the staff’s extensive experience in open-source wireless technology and location data utilisation. Founded in 2003, the Finnish company has offices in Joensuu, Tampere and Vantaa. For further information, please visit our website at www.fastroi.fi/en