Helsinki, Finland (PressExposure) September 04, 2014 -- Global Intelligence Alliance Group Oy (GIA) announced today that M-Brain Oy has signed an agreement to purchase the entire share capital of GIA. With M-Brain, GIA will offer an unparalleled spectrum of market intelligence services together with an increased global footprint.
The combined group will become a global market intelligence provider, bringing together GIA's strategic analysis and advisory, market intelligence and related software solutions together with M-Brain's content production and SaaS solutions. Together, the companies have offices in 12 countries. The combined staff will amount to 450 employees. The companies complement each other perfectly, and they will go through an integration process by the end of 2014.
Markko Vaarnas, CEO and co-founder of GIA commented, "Since CapMan's investment in GIA during 2007, we have successfully grown our innovative market intelligence partnership concept internationally. The combination of GIA and M-Brain is the next exciting step forward in the continuing progression of the company. With M-Brain's market monitoring services and related technologies, we are able to offer our clients an unparalleled spectrum of market intelligence content services, software products and strategic advisory services. Our increased global footprint allows us to fast-track the GIA concept to M-Brain geographies, creating significant additional opportunities for the group. In the consolidating market intelligence sector, we will become the driving force that shapes the industry and helps clients to get more impact from their investments in market intelligence."
"Knowledge management and real-time market intelligence is a critical success factor in an ever globalizing business environment," said M-Brain's Executive Chairman Kim Nyberg. "Cost efficient solutions allowing both top management and other functions access to coordinated intelligence have been limited. Now we can offer a complete market intelligence solution, ranging from market monitoring and strategic analysis and advisory to intelligence best practices and software products."
"M-Brain is a market leader in Finland. GIA strengthens our international position, especially in Asia and the Americas, as well as our European operations. M-Brain will become a market leader in the Nordics and a significant international player," Nyberg concluded.
As a part of a larger entity with broader service portfolio, GIA will continue to provide world class market intelligence services to its customers.
The sellers are funds managed by CapMan Oyj, as well as GIA's management and other individual shareholders.
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