Revide raised money from Novax.

Revide, a Stockholm, Sweden-based software developer of marketing and sales solutions, announced getting into an investment agreement with Novax.

Part of the deal, Novax has invested in and capitalized up the company to accelerate expansion and growth.

Revide, led by CEO Johan Bäckarlin, operates and develops Voyado, a cloud-based data-driven market platform with 360 ° customer database, marketing automation, loyalty and bonus logic, campaign and mail engine, reporting tools.

Voyado is used by customers including XXL, Rusta, Apoteket, Kjell & Company, NetOnNet, Mio, Polarn O. Pyret, MQ and others, and is expected to generate sales of more than SEK 60 million in 2018, where the majority are recurring license revenues. In total, Revide has 60 employees in the offices in Stockholm, Norrköping and Åre.