Loxysoft was acquired by LeadDesk for €13.6 million.

Loxysoft, a Stockholm, Sweden-based SaaS company focused on customer service and sales, announced that it was acquired by the Finnish company LeadDesk, based in Helsinki.

The debt-free purchase price is around €13.6 million ($16M). Additional compensation will be paid for the companies’ net cash assets. Out of the total acquisition price, around 4.9 million is paid in cash considerations and 8.7 million is paid as a private share issue.

The deal includes Loxysoft AB and the Norwegian entity Loxysoft AS.

The sellers are FutureMind 65.9%, Great Lake Capital 26.7% and the investment funds Almi Invest and MIC Värdepapper.

Loxysoft, founded in 2014 and led by CEO Tobias Sjölander, develops and sells support systems for customer service and other contact centers. Clients include banks, insurance companies and energy companies like Sparebank1, Sparebanken Vest, KLP and Telenor.

Loxysoft has 43 employees in Stockholm, Oslo and Östersund, and had a combined 2019 revenue of about €6.7 million, with an operating profit 400k.

LeadDesk, led by CEO Olli Nokso-Koivisto, is a software company, operating in the cloud-based software market in Europe. The company offers the LeadDesk cloud service for high volume sales and customer service and has grown to a leading cloud service vendor in sales and customer service in the Nordics. In 2019, the company’s revenue was €12.4 million.