Sitowise acquires IT company Ficonic Solutions
The built environment planning and digital company Sitowise acquires the IT company Ficonic Solutions from Jyväskylä, Finland. Together Sitowise and Ficonic strengthen their position as a Finnish pioneer in digital solutions for the built environment and mobility.
“The demand for digital solutions for the construction and mobility industries is growing strongly. Our competencies complement each other wonderfully - and Ficonic has valuable expertise, especially in mobility and transport infrastructure IT solutions. The merger will give us more strength to grow our highly competitive digital expertise, which is at the heart of the industry's future”, says director Teemu Virtanen from Sitowise Smart City business area.
”Smart City solutions and digital mobility services are a very familiar operating environment to us. It is a pleasure to be part of the great Sitowise story where the expertise of the built environment and mobility, combined with the excellence of the IT industry, create unique synergies for our customers”, says Timo Salminen, CEO of Ficonic Solutions.
Sitowise develops digital solutions for, for example, the Finnish Transport Infrastructure Agency, Traficom, Metsähallitus, Fingrid, telecom operators, the City of Helsinki and several Finnish municipalities.
“We are involved in major Finnish built environment and mobility information system projects, such as the Finnish Transport Infrastructure Agency (Väylävirasto) Velho alliance project and the RAID-e project focusing on railroad data management. The industry is now experiencing a major digital revolution, and our unique IT solutions have been in high demand despite this exceptional year”, says Milla Lötjönen, Director of Mobility and Transport Infrastructure Digital Services at Sitowise.
“It feels smooth and easy to start a journey together with a company that shares similar values and a way of doing software development. We also have a common technology expertise and an agile methodology in IT projects. With the acquisition, we will now be able to recruit IT experts in the Central Finland area as well. This will help improve our position in the competitive IT market”, Lötjönen continues.
Sitowise acquires the entire share capital of Ficonic in the transaction. The 15 experts working at Ficonic will continue in their current positions.
Teemu Virtanen, Director, Smart City, Sitowise Oy
tel. +358 50 404 6622, email@example.com
Timo Salminen, CEO, Ficonic Solutions Oy
p. 040 745 6821, firstname.lastname@example.org
Sitowise is a specialist consulting company with 1,800 personnel providing its customers the full range of built environment services from planning to expert and digital services under the same roof. We are one of the largest planning and consulting agencies in the construction industry in Finland, the leading expert in diversified urban projects, and a pioneer in data-driven management and data modelling. www.sitowise.com
Ficonic Solutions is an IT service company that offers its customers both customized digital services and product solutions. Ficonic specializes in cloud environments, geospatial digital services and mobile solutions for the transportation and automotive industries. The company, which has been operating since 2015, employs 15 persons in Jyväskylä and Tampere. www.ficonicsolutions.com