Bocap Private Equity Oy has made a significant minority investment in Prog-It Oy to accelerate its growth and expand its international presence, particularly in the Swedish market.

Target Information

Bocap has made a significant minority investment in Prog-It Oy, a company focused on accelerating its growth and international expansion. Prog-It has established itself as a reliable provider of lifecycle services for IT environments in Finland and Sweden. With this investment, the company aims to strengthen its presence in global markets.

Prog-It is dedicated to managing the IT environments of its client companies. Its comprehensive IT infrastructure service concept, combined with tailored software solutions, ensures and safeguards clients' business operations. A core element of the company's business model has always been genuine customer orientation and the utilization of modern technologies in delivering solutions. Over the past few years, the company has experienced rapid growth in both Finland and Sweden, with expected revenues exceeding €12 million in the current fiscal year and approximately 70 employees on its payroll.

Industry Overview

In Finland, the IT services industry has been evolving rapidly, driven by increasing digital transformation across various sectors. Companies are increasingly recognizing the importance of sophisticated IT framework