Saari Partners invests in Codento, who aims to be the leading Google Cloud partner in the Nordics
Codento Oy, a Premier Partner for Google Cloud in the Service Engagement Model, is accelerating its expansion into Sweden and other Nordic countries with the support of Saari Partners. In recent years, Codento has deepened its collaboration with Google Cloud and significantly developed its expertise in Google Cloud technologies. Codento’s growth strategy is driven by the increasing interest of Nordic client companies in Google Cloud and AI projects.
One of Finland’s fastest-growing IT consulting companies, Codento Oy, is currently expanding its operations to Sweden, with future plans to enter the Norwegian and Danish markets. Private equity firm Saari Partners is investing in Codento’s growth, becoming the majority owner. As part of the transaction, Codento’s leadership team members are strengthening their ownership in the company, and most of the current employee owners will continue as individual shareholders.
Codento Oy, offering a wide range of innovative AI, data, cloud and application development services, has over the past few years significantly developed its Google Cloud technology capabilities, establishing a strong position within the Google Cloud ecosystem. In recognition of these development efforts, the company was selected as the Google Cloud Services Partner of the Year for Finland in April, with the award ceremony held in Las Vegas.
The goal of Saari Partners and Codento is to accelerate the company’s growth and expansion as a Google Cloud partner for Nordic clients, not only organically but also through acquisitions. Codento employs 45 professionals and had a revenue of 5,3 million euros in 2023. The investor specializes in scaling service companies from 5 to 25 million euros.
”We have reached this important milestone thanks to the persistent efforts of all Codentoans while maintaining a high level of customer satisfaction. The Saari Partners team brings us valuable experience in consulting business as well as business growth in the Nordics. We have a strong foundation to jointly expand our Finnish success story to our neighboring countries,” says Anthony Gyursanszky, CEO of Codento.
Codento is currently deepening its collaboration with the local Google Cloud team in Sweden and is in discussions with dozens of potential client companies. The company is also evaluating potential acquisition targets in Sweden.
We are inspired by Codento’s skilled leadership and their ambitious commitment to focus on challenger technology. Google Cloud technology is gaining popularity among business customers globally at an even faster pace than in the Nordic countries. Codento has identified emerging market potential at just the right time, and we want to help the team succeed in capturing it,” says Ben Wrede, founding partner at Saari Partners.
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About Codento
Codento is a leading Google Cloud consulting company in Finland and Sweden, specializing in helping businesses harness the full potential of Google Cloud technology with AI and apps. With a dedicated team of experts, Codento empowers its clients to gain competitive edge via clearer customer foresight, smarter operations, and increased software intelligence – all built on a future-proof, nextgen foundation. Codento revenue in 2023 was 5.3 M€ and company size today is over 45 employees.
Additional Information
Ben Wrede, Founding Partner, Saari Partners, ben.wrede@saaripartners.fi, tel. +358 40 5105940
Anthony Gyursanszky, CEO, Codento Oy, anthony.gyursanszky@codento.com, tel. +358 50 5067111