Valo Intranet has been awarded €1.6m in growth accelerator funding by Business Finland after group of investors, compiled by the Finnish family investment company Gerako, bought-out former shareholder at the beginning of the year.
The injection of capital will enable Valo Intranet to shift up a gear and continue to pursue its growth internationally.
After recently opening an office in Krakow, Poland, Valo has plans to open another in Australia to serve the APAC region later this year.
As part of the on-going expansion, Valo is appointing 16 new team members, bringing its total staff to over 50.
The Finnish public funding agency Business Finland, directed by the Finnish Ministry of Employment and the Economy, awarded Valo Intranet €1.6m to help fulfil its mission to become the world’s leading digital workplace solution, built on Microsoft SharePoint and Office 365.
Jari Pullinen, Vice President of Valo Intranet is delighted with the news.
This investment is crucial to allow us ride the curve of rapid expansion internationally. Last year, our global revenue grew +48%. We expanded our team to 35, and opened the North America HQ in Montreal, Canada. This year is set to be just as exciting as we raise the bar higher, and aim to make our global Valo family even stronger.
The investment will fund new technology to broaden Valo’s product offering, including plans to take Valo Modern intranet experiences even further, innovate in mobile, integrate Valo’s digital workplace solutions inside Microsoft Teams, as well as developing a new extranet portal offering.
Valo’s rapid growth has been a result of the support from its 225+ strong partner network of influential SharePoint and Office 365 professionals, including 40 MVPs, and the backing of the Microsoft community.
Our Microsoft-certified Valo Partners are the cornerstone of our business. The support we receive from them is exceptional. They have helped to spread our products across the globe.
One and a half million global users
Currently, Valo’s digital workplace tools are being utilized in 500 customer companies, by more than one and a half million global users, in over 40 countries, working in 26 languages, in organizations ranging from 100 employees to global enterprises.
Award-winning digital workplace solutions
Valo Intranet tools have been recognized by industry watchdog ClearBox as “best value” in the Intranet Choice Awards in 2018 and 2019.
Other prestigious achievements include being named ‘Best Intranet/Extranet’ in the European SharePoint and Office 365 Community award in 2016 and 2017, and ‘Best Mobile Solution’ at same awards a year later in 2018.
Best in class
Valo’s software is not just best in class, it’s great looking, and really user-friendly too.
Designed to make the end users’ life easier, the out-of-the-box solution is customizable, and enables Valo Partners to go the last mile to ensure the customers’ business needs are met.