Profit Software rebrands as Evitec to support Nordic expansion

Profit Software is a leading provider of system solutions and consulting services to the Nordic financial service industry. It also offers analytics and information management services across multiple industries. The company is now starting a major rebranding project and will change its name to Evitec in all countries and markets of operation. The name will be taken into use at the end of 2022.

– We have for a while considered changing the company name. Evitec suits our business excellently and the name change gives us a great opportunity to re-brand ourselves. Although the name and brand are changing, high customer satisfaction will remain at the core of our operations, says Profit Software’s CEO Ilkka Starck.

In 2022 the company celebrates its 30th anniversary. While at first established as a software company, the offerings today are a combination of products, point solutions, consulting services as well as business intelligence services.

Growth is sought organically and through acquisitions across the Nordics

Profit Software has grown from a company of 10 employees to more than 350 employees in three countries. Its customers include some of the largest financial companies and institutions in Finland and Sweden. During the past five years the company has made three acquisitions.

– We’re pursuing to be the go-to vendor whenever there is a need for deep knowledge and understanding of the digital transformation within the financial sector. I’m confident that the new name and brand will support us in this, ends Starck.

Erik Berggren, from majority owner Volpi Capital, comments: The rebranding of the Profit Software group into Evitec underlines the company’s great commitment to serve financial and other long-term customers across borders. This new identity will cement the company’s position as a leading Nordic fintech champion, further to the first add-on acquisition completed in Sweden which we could announce in May 2022. We at Volpi are thrilled to support management in executing their ambitious growth plan.

For further information, please contact:
Profit Software, CEO Ilkka Starck, Tel. +358 9 681 731

Profit Software (to be known as Evitec) provides system solutions and consulting services to the financial industry. It also offers analytics and information management services across multiple industries. Founded in 1992, Profit Software has offices in Espoo, Tampere, Pori, Lahti, Lappeenranta, Tallinn and Stockholm. The number of employees is over 350.