About Profit Software
Profit Software is a Financial Services company based in Espoo (Finland) founded in 1992, and was acquired by Volpi Capital in November 2020. Software solutions for insurance underwriting and claims processing are provided. Profit Software has completed 2 acquisitions, including Evitec Solutions and Kaakontieto. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Insurance Software Suite.
Company details
Profit Software was founded in 1992 in Espoo, Finland. Software solutions are supplied to the financial and insurance sectors, focusing on life and pension products as well as property and casualty lines. Underwriting, invoicing, policy servicing, claims management, and exit processing are supported through these systems. Operations remain centered in the European insurance market.
- Headquarters Espoo, Finland
- Stage Acquired
- SectorsFinancial Services
- Website profitsoftware.com
- Social LinkedIn
- Acquired by Volpi Capital (Nov 2020)
- InvestorsVIA equity
& 2 more
- Investments & AcquisitionsEvitec Solutions
& 1 more
- Acquired by
Investors in Profit Software
Profit Software has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include VIA equity, Tesi and Volpi Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech & offline focused PE & VC firm investing in Europe | viaequity.com | Hellerup, Denmark | ||
Private equity investment firm | tesi.fi | Helsinki, Finland | ||
Volpi Capital is engaged in mid-market private equity investments. | volpicapital.com | London, United Kingdom |
Investor details for Profit Software
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People of Profit Software
84 people are tracked at Profit Software (12 in leadership, 1 in board & advisors, 71 in team).
| Name | Role | Group |
|---|---|---|
Johnny Östman | Director, Sweden Business Development | Leadership |
Tomi Heiskari | Head Of Product Sales | Leadership |
Tino Silfver | Director, International Business Development | Leadership |
Pasi Lahti | Senior Vice President, Products Business Unit | Leadership |
Sari Törmälä | Executive Vice President, HR | Leadership |
Rami Rinneheimo | Head Of Advisory And Sales | Leadership |
Esko Freese | Director, Technical Sales | Leadership |
Timo Rantanen | Director Information Security | Leadership |
Teemu Vainio | Head Of Data & Analytics | Leadership |
Antti Laurila | Head Of Tech And Consulting Area | Leadership |
Satu Nissinen | Head Of Core People Operations | Leadership |
Jani Boström | Vice President, Product Management and Espoo R&D | Leadership |
Ilkka Starck | Board Member | Board & advisors |
Vesa Kettunen | Product Owner | Team |
Tero Romppanen | BI Consultant | Team |
Andrei Harkov | Senior Software Engineer & Project Manager At Evitec Solutions | Team |
Mika Savolainen | IT Consultant | Team |
Jani Ojanen | IT Consultant | Team |
Lari Perasto | Lead Data Consultant, Customer Experience Manager, Business Intelligence Architect | Team |
Sofia Häggman | Business Controller | Team |
64 more people are available in the full profile.
Complete people profiles for Profit Software
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Investments & Acquisitions by Profit Software
Profit Software has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Evitec Solutions and Kaakontieto.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Software solutions and consultation services in the finance sector, focusing on insurance, banking, and data analytics. | evitec.se | 0 | May 2022 | •••• | ||
IT consulting and project management services are provided. | kaakontieto.fi | Lappeenranta, Finland | 1981 | Apr 2021 | •••• |
Complete acquisition details for Profit Software
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- Exports
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Timeline of Profit Software
5 dated milestones of Profit Software across 30 years, from founding to its latest funding, stage changes and deals.
- Founded Profit Software is founded.
- Exit Acquired by Tesi.
- Exit Acquired by Volpi Capital.
- Acquisition Acquires Kaakontieto.
- Acquisition Acquires Evitec Solutions.
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Related news about Profit Software
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Frequently Asked Questions about Profit Software
Profit Software was founded in 1992.
Profit Software is headquartered in Espoo, Finland.
Profit Software was founded in 1992 in Espoo, Finland. Software solutions are supplied to the financial and insurance sectors, focusing on life and pension products as well as property and casualty lines. Underwriting, invoicing, policy servicing, claims management, and exit processing are supported through these systems. Operations remain centered in the European insurance market.
Profit Software has made 2 acquisitions, including Evitec Solutions, and Kaakontieto.
Profit Software has 3 investors. Key investors include VIA equity, Tesi, and Volpi Capital.
Yes. Profit Software was acquired by Volpi Capital in November 2020.