Nebula prepares for the next phase in its growth
Rite Ventures invests in Nebula and becomes its largest shareholder. Rite’s primary investment objectives are Nebula’s growth, to continue with the industry consolidation and to prepare for a future initial public offering.
Previous minority owner Rite Ventures has acquired a majority share of Nebula, a leading Finnish provider of network and Internet services. All previous private owners have also shown a strong commitment to the future development of the company, and will continue as minority shareholders holding approximately a 20% stake in the company.
Through the investment, besides capital, Nebula will gain new human capital resources and its board of directors will be strengthened. The goal of all parties is to develop Nebula as a competitive business and prepare for an initial public offering at the Helsinki Stock Exchange.
Rite Ventures MD Christoffer Häggblom is positive about future plans for Nebula:”We are very pleased to have found a way in which we can take part in and help with the future development of Nebula. Our history together, with Rite having been minority owner for three years, has strengthened our view of Nebula as a unique company. It has shown strong growth and profitability also during difficult times. Now we, together with the entrepreneurs, want to bring Nebula to the next phase in its development and do an initial public offering within the next two years.”
"The activities of Nebula have grown significantly over the past decade and we have successfully expanded our activities to new business areas. Many candidates have expressed their interest towards Nebula, and we are extremely pleased to have found a solution together with Rite. In the following years we are still looking for growth but will also develop the company for the upcoming IPO”, Nebulas CEO Ville Skogberg outlines.
Founded in 1997, Nebula has quickly grown to become one of Finland’s largest providers of network and Internet services. Nebula has over 12 000 corporate customers within SaaS, hosting and connection services. Nebula employs 76 professionals in the IT industry with years of experience in maintaining Internet systems and developing new services. Nebula’s turnover grew by more than 20% in 2009 to reach 15,2 million Euros.
Further information:
Christoffer Häggblom, Managing Director, Rite Ventures
christoffer@riteventures.com
Tel. +46 70 418 8201
www.riteventures.com
Ville Skogberg, CEO, Nebula Oy
ville.skogberg@nebula.fi
Tel. +358 45 679 0003
www.nebula.fi
Rite Ventures
Malmskillnadsgatan 39
111 38 Stockholm
Nebula Oy
Kiviaidankatu 2 h
00210 Helsinki