About Eficode
Eficode is a company based in Helsinki (Finland) founded in 2005 was acquired by Investcorp in December 2022. It operates as a AI-as-a-Service, Professional Services, and Managed Services. Eficode has raised $7.4 million across 1 funding round from investors including Bocap and Investcorp. Eficode has completed 8 acquisitions, including Avoset, Beecom and Clearvision. Eficode offers products and services including AI-led Software Development, DevOps Services, Platform Engineering, and Service Management. Eficode operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, among others.
- Headquarter Helsinki, Finland
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Sectors
Technology
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Phone
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Website
Locked
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Social
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- Legal Name Eficode
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$7.4 M (USD)
in 1 rounds
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Latest Funding Round
$7.4 M (USD), Private Equity Round
Apr 11, 2018
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Investors
Bocap
& 1 more
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Employee Count
Not available
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Investments & Acquisitions
Avoset
& 7 more
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Acquired by
Investcorp
(Dec 20, 2022)
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Products & Services of Eficode
Eficode offers a comprehensive portfolio of products and services, including AI-led Software Development, DevOps Services, Platform Engineering, and Service Management.
AI-driven solutions are provided for software development enhancement.
DevOps practices are supported through tailored consulting services.
Developer experience is boosted with platform engineering services.
IT service management solutions are offered for efficiency.
People of Eficode
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Funding Insights of Eficode
Eficode has successfully raised a total of $7.4M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $7.4 million completed in April 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Eficode
Eficode has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Bocap and Investcorp.
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Bocap is engaged in private equity investments in Finnish SMEs.
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Private equity, real estate, and credit investments are managed globally.
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Investor details for Eficode
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Investments & Acquisitions by Eficode
Eficode has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Avoset, Beecom and Clearvision.
Investment portfolio details for Eficode
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
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Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of cloud consulting services
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Software development, DevOps, and cloud services are provided globally.
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IT software consulting services are provided in Helsinki, Finland.
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Complete acquisition details for Eficode
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- Domains and locations
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Financial Statements - Eficode
Detailed financials for Eficode
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- Profit trends
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Eficode Comparisons
Peer comparison for Eficode
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Competitors of Eficode
Eficode operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, among others.
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High-quality office furniture is provided by UST for various needs.
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Provider of end-to-end business process outsourcing services
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Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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IT outsourcing services are delivered across multiple business lines.
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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Multi-access edge networking computing platform is provided for mobile services.
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Detailed competitors of Eficode
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Verified entity values are shown only after access is granted.
Latest news on Eficode
Complete news archive for Eficode
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Frequently Asked Questions about Eficode
Eficode was founded in 2005 and raised its 1st funding round 13 years after it was founded.
Eficode is headquartered in Helsinki, Finland.
Risto Virkkala is the current CEO of Eficode.
Eficode is a funded company, having raised a total of $7.4M across 1 funding round to date.
Eficode is involved in transforming organizations into AI-led software entities through comprehensive services. Expertise is offered in DevOps, platform engineering, and service management across sectors like finance, manufacturing, telecommunications, public sector, and defense. Solutions are provided for software development lifecycle enhancement, cloud migration, and IT support automation. Partnerships with leading technology vendors such as Atlassian, GitHub, GitLab, AWS, and Azure are maintained to deliver tailored consulting and managed services. Client success is demonstrated through significant cost savings and efficiency improvements in various industries.
Eficode's top competitors include Happiest Minds, Mavenir and GirnarSOFT.
Eficode offers AI-led Software Development, DevOps Services, Platform Engineering, and Service Management.
Eficode has made 8 acquisitions, including Avoset, Beecom, and Clearvision.
Eficode has 2 investors. Key investors include Bocap, and Investcorp.