Innofactor Plc Stock Exchange Release September 17, 2013, at 8:30 Finnish time Innofactor Plc’s Board of Directors updated the Innofactor Group’s strategy as part of Innofactor’s annual strategy process.
The key points of Innofactor’s strategy are as follows:
Innofactor strengthens its customers’ competitiveness by providing outstanding IT solutions, products and services. Innofactor focuses on Microsoft-based solutions and Microsoft’s ecosystem. Innofactor’s clients comprise of private and public sector organizations. Innofactor currently operates in Finland, Denmark and Russia. Innofactor’s strategy is to actively expand its operations in the Nordic Region, which may happen either organically or through acquisitions.
Innofactor's Mission:
We strengthen our customers’ competitiveness with outstanding IT solutions, products and services.
Innofactor's Vision:
We are the number one Microsoft-based solution provider in the Nordic Region.
Innofactor’s strategy is to build competitive advantage as the leading provider focused on Microsoft-based solutions and Microsoft’s ecosystem. The most important strategic choices related to this objective are the following:
- private and public sector customers
- comprehensive IT solution offering
- state-of-the-art products and services
- high-level customer service
- long-term customer partnerships
- fast and profitable growth
Innofactor's long-term financial goal is to grow profitably:
- by achieving over 10 percent EBITDA every year in 2014 to 2017
- by achieving an average annual growth of 25 to 35 percent in 2014 to 2017 through organic growth as well as acquisitions
- by keeping cash flow positive and by securing solid financial standing in all situations
Espoo, September 17, 2013
INNOFACTOR PLC
Board of Directors
Further information:
Sami Ensio, CEO Innofactor Plc Tel. +358 50 584 2029
Distribution: NASDAQ OMX Helsinki Principal media www.innofactor.com
Innofactor is one of the leading software providers focused on Microsoft solutions in the Nordic Countries. Innofactor delivers to its customers IT projects as a system integrator and develops its own software products and services. The focus area in Innofactor’s own product development is Microsoft Azure-based cloud solutions. Innofactor's customers include over 1,000 commercial and public sector organizations in Finland, Denmark and elsewhere in Europe. In its operation, Innofactor strives for long-term customer relationships. Innofactor has about 400 motivated and skilled employees in several locations in Finland, Denmark and Russia. The five year (2008 to 2012) growth of Innofactor's net sales has been about 35 percent annually. Innofactor is the fastest growing technology company in the Finnish stock exchange. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ OMX Helsinki Oy.
