HEEROS Plc Press release 8.12.2022 at 3.00pm EET

Viking Venture is today announcing its investment in Heeros and has acquired 18% of the company’s shares

The leading Nordic software investor, Viking Venture, based in Norway has acquired 18 % of Heeros´ shares. Viking Venture intends to be a long-term investor and wants to support Heeros in implementing the company´s growth strategy. For Viking Venture, Heeros is intended to be a platform for growth and further add-on investments in the business management software area.

“Viking Venture and Heeros share the same vision. For us, Viking Venture’s experience, and operational excellence in terms of building fast-growing and innovative software companies, combined with financial strength is important”, says Mikko Pilkama, CEO of Heeros.

“The Nordic space for financial management, HR and ERP software is an attractive market, where Heeros is well positioned. Heeros´ offering is well received by the customers and positioned for continued growth”, says Jostein Vik, partner at Viking Venture.

Viking Venture helps Heeros to scale

Viking Venture’s motto is “We help Nordic software companies scale,“ and they will bring their knowledge and experience to the company and create new business opportunities both in Finland and internationally.

“ I’m satisfied that Viking Venture sees the potential in Heeros business management offering. With the new investor Heeros gets additional capabilities to enhance our international growth”, continues Mikko Pilkama.

“Viking Venture is now the largest shareholder in Heeros and we look forward to working closely with the management team to continue the growth journey. Viking Venture will support the company with our B2B software expertise, and include Heeros in our strong best practice sharing community.” says Jostein Vik.

Facts about Heeros

Heeros is a Finnish software company specializing in cloud-based business management solutions. Founded in 2000, Heeros is a pioneer in its field. Heeros solutions meet the changing needs of small and medium businesses that are looking to invest in integrated, user-friendly systems used across the organization. Heeros portfolio covers solutions to digitalize key business processes from financial and human resources management to enterprise resource planning.

Facts about Viking Venture

Viking Venture, the leading Nordic B2B Software investor, invest in fast-growing scale-up companies in the Nordics. The investment focus is business to business software companies with international potential. Viking Venture has over NOK 4 billion under management and is headquartered in Trondheim, Norway. Further information is available at www.vikingventure.com.

Additional information:

Heeros Oyj,

CEO Mikko Pilkama, tel. +358 40 828 3717

E-mail: mikko.pilkama@heeros.com

Distribution:

Nasdaq Helsinki
Essential media outlets
http://www.heeros.com/en/for-investors