Bocap's Portfolio Company Eficode acquires Contribyte to strengthen its Agile transformation services

The acquisition further expands strategic advice available for software organizations

Bocap’s portfolio company Eficode, Europe's leading DevOps company, has today announced the acquisition of Contribyte, a leading provider of Agile and product development coaching and training.

Software development organizations adopt DevOps and Agile practices to create a competitive advantage from software. The rapid expansion of software in all industries has fuelled the need for coaching and training around tools, processes, and culture. With the acquisition of Contribyte, Eficode reinforces its ability to help organizations transform to Agile and DevOps practices and implement effective software development tools.

"Eficode sees Contribyte as the leading coach for ambitious software organizations in Agile transformation. We will offer Contribyte's deep expertise to our customers all over Europe to build winning product and software organizations", says Ilari Nurmi, CEO of Eficode.

By acquiring Contribyte, Eficode further expands customer relationships at a strategic level, accelerating Agile and DevOps practices and the adoption of cloud computing. The acquisition enables accelerated growth of consulting and coaching around DevOps and Sustainable Software Development. It also accelerates the adoption of the Eficode ROOT DevOps platform: a managed service in the cloud that spans the entire software development lifecycle, from requirements management to Continuous Delivery and analytics.

Contribyte has over 300 customers in and outside Europe, from banking, industrial manufacturing, and business services.These include ABB, Vaisala, Nokia, CRF - now Signant health, Helvar, and DNA. Contribyte's revenue was 3,8 million euros in the last financial year.

For enquiries, please contact:

Bocap Private Equity Oy

Vilma Torstila, Partner & Investment Director, tel. +358 40 547 4010, vilma@bocap.fi

Eficode Oy

Ilari Nurmi, CEO, tel. +358 40 577 5084, ilari.nurmi@eficode.com