9Solutions received 1.7 million euros additional funding to build up its international operations. The funding is provided by the company’s current owners, Oulun Osuuspankki (OP, “cooperative bank”) and Nordic Option.
9Solutions is the leading provider of locating safety and communications systems and smart care solutions. 9Solutions has been amongst the fastest growing companies in Finland for four years in a row with an annual growth of 46 percent. Over 1100 health care organisations in hospitals, care homes and home care are using 9Solutions system. The company employs 50 people and its system is used in eight countries. In 2018, 9Solutions founded a subsidiary in Sweden. The company estimates 8.5 million euro turnover in 2019.
“Our goal is to help the society to solve the growing challenges of an ageing population by offering modern and cost-effective solutions to secure safe, quality care, and ensure ageing with dignity. Our system builds on wireless smart technology, cloud services and continuous locating. This enables the development of new value-adding services utilising data analytics and artificial intelligence that can be effectively integrated into the existing systems. We are very pleased with this trust shown by the investors. The funding enables us to focus on the internationalisation with the intensity it requires especially in the early phase,” says 9Solutions CEO Sami Herrala.
Capital investment fund Nordic Option CEO Jaakko Lampela is also very glad about the new investment. “9Solutions has been bold and persistent in developing advanced technical solutions for the growing care segment. The company’s system addresses the growing need of services within the elderly population as well as the need to increase the service quality. It’s great to have this opportunity to work with 9Solutions and join our forces to export Oulu based expertise. As a company seeking international growth, 9Solutions is a good investment for Nordic Option because we have also invested in six other companies from Northern Finland with international goals. Nordic Option makes 0.5-2.5 million euro investments in growth companies with established operations,” says Lampela.
Also, Oulun Osuuspankki wants to be part of funding innovative companies who seek innovative growth and internationalization. “9Solutions is an example of a company with whom we have utilised the European Investment bank guarantee provided by OP Oulu to fund growth and internationalisation”, says OP Oulu Customer Relationship Manager Kari Ollikainen.
9Solutions is the leading provider of indoor location based safety, communications and smart care solutions. The company offers locating personal safety, nurse call, access management and smart care phone systems enabling a real-time situational awareness in hospitals, care homes and home care.
Nordic Option is a capital investment fund focusing on northern Finnish growth companies. Its main owners are Arvo investment cooperative, Partnera, and the City of Oulu. The company’s goal is to provide a northern alternative in enabling small and mid-sized companies’ growth and internationalisation.
Sami Herrala, CEO 9Solutions Oy, firstname.lastname@example.org +358 50 386 9132
Jaakko Lampela, CEO Nordic Option Oy, email@example.com +358 50 566 5385
Kari Ollikainen, Customer Relationship Manager OP Oulu, firstname.lastname@example.org +358 10 2535 301
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