Visma acquires Cox Consulting Oy and strengthens the role in the Finnish business intelligence market
Cox Consulting Oy is a Finnish IT consulting company that provides business intelligence consulting to Finnish large customer segment. The company provides consulting services with Qlik solutions as well as profitability analysis consulting using an own product called Basin. Cox has a revenue in 2016 of 1,8 meur and it employs 12 people in Espoo, Finland. During 2017 the company will be merged to Visma Consulting Oy and will continue operating under the Visma brand.
The revenue of Visma Consulting in Finland will be 17,5 meur in 2016 before the acquisition. It is an important player in the IT consulting market for large companies and public sector customers in Finland. The acquisition further strengthens its position in the Finnish market and expands the service offering further in the area of business intelligence solutions.
- Cox Consulting customers, company culture and business model is very similar to Visma Consulting. Their offering complements our current solution portfolio perfectly, says Visma Consulting CEO, Petri Lillberg.
- We have currently 20 business intelligence consultants in our company and after the acquisition our offering expands further. Growing amount of data requires constantly more skills from our customers. Going forward we are in a much a better position to provide our customers with the best and most skillful team in the business intelligence market, he continues