Innofactor Overview

  • Year Founded
  • 2000

Year Founded

  • Status
  • Public

  • Employees
  • 581


  • Stock Symbol
  • IFA1V

Stock Symbol

  • Investments
  • 7

  • Share Price
  • $1.46
  • (As of Friday Closing)

Innofactor General Information


Innofactor Oyj is a software provider focused on Microsoft solutions in Nordic countries. The company delivers to its customers IT projects as a system integrator and develops its own software products and services. The focus of the company's product development is on cloud solutions for Microsoft and its ecosystem. The company has office locations in Finland, Sweden, Denmark and Norway. The sale of services generates maximum revenue for the company.

Contact Information

Ownership Status
Publicly Held
Financing Status
Formerly Accelerator/Incubator backed
Primary Industry
Systems and Information Management
Other Industries
Other IT Services
Stock Exchange
Corporate Office
  • Keilaranta 9
  • 02150 Espoo
  • Finland
+358 010 0000000

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Innofactor Stock Performance

(As of Friday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$1.46 $1.48 $1.08 - $1.52 $52.1M 35.7M 28.1K $0.11

Innofactor Financials Summary

In Thousands,
TTM 30-Sep-2023 FY 2022 31-Dec-2022 FY 2021 31-Dec-2021 FY 2020 31-Dec-2020
EV 55,560 54,030 73,308 73,490
Revenue 84,152 74,786 78,462 75,421
EBITDA 9,474 8,258 12,379 9,644
Net Income 4,148 3,491 5,325 2,007
Total Assets 59,199 59,856 57,808 69,625
Total Debt 14,461 15,389 11,115 18,924
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Innofactor Valuation & Funding

Deal Type Date Amount Valuation/
Post-Val Status Debt

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Innofactor Comparisons

HQ Location
Total Raised
Post Valuation
Innofactor Oyj is a software provider focused on Microsoft solutions in Nordic countries. The company delivers to its cu
Systems and Information Management
Espoo, Finland
581 As of 2023
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Pune, India
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Moscow, Russia
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Innofactor Competitors (7)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Tech Mahindra Corporate Backed or Acquired Pune, India 000000 0000 00000000000
LANIT (Moscow) Corporation Moscow, Russia 0000
Velrada Capital Corporate Backed or Acquired Perth, Australia 000 000000&0
HSO Group Private Equity-Backed Veenendaal, Netherlands 0000 000000000000
Cognitive Technologies Corporation Moscow, Russia
You’re viewing 5 of 7 competitors. Get the full list »

Innofactor Executive Team (16)

Name Title Board Seat Contact Info
Sami Ensio Founder, President & Chief Executive Officer
Markku Puolanne Chief Financial Officer
Martin Söderlind Managing Director & Country Manager, Sweden
Lasse Lautsuo Chief Marketing Officer
Anni Pokkinen Chief People Officer
You’re viewing 5 of 16 executive team members. Get the full list »

Innofactor Signals

Growth Rate

0.80% Weekly
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers


Similarweb Unique Visitors


Majestic Referring Domains


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Innofactor Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Innofactor Acquisitions (7)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Invenco 20-Jun-2022 0000000000 00.000 Systems and Information Management 0000 0000
Lumagate 10-Oct-2016 0000000000 000.00 IT Consulting and Outsourcing 0000 0000
Cinteros 22-Dec-2015 0000000000 000.00 Business/Productivity Software 0000 0000
Westend ICT 27-Dec-2010 0000000000 000.00 Holding Companies
Innofactor Visual Management 03-Jun-2010 Merger/Acquisition IT Consulting and Outsourcing
You’re viewing 5 of 7 acquisitions. Get the full list »

Innofactor Subsidiaries (1)

Company Name Industry Location Founded
Westend ICT Holding Companies Espoo, Finland 0000
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Innofactor ESG

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.


Covered Companies



Software & Services




Internet Software and Services




To view Innofactor’s complete esg history, request access »

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