Sympa Oy
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Sympa Oy - overview
Established
2005
Location
Vantaa, -, Finland
Primary Industry
Software
About
Sympa Oy is a Finnish company specializing in HR software solutions that streamline and enhance human resource management processes for organizations globally. Founded in 2005 in Vantaa, Finland, Sympa Oy provides comprehensive HR software that manages the entire employee lifecycle. In August 2020, Providence Equity Partners acquired a majority stake from previous investors including Alfvén & Didrikson and Finnvera. Keijo Karjalainen is the founder, and Jaco Fourie currently serves as CEO.
The company has raised a total of EUR 4. 40 mn, with a Growth funding round in 2020, which was led by Alfven & Didrikson. The firm has completed 5 deals to date, with the latest being on August 25, 2020. Sympa specializes in providing comprehensive HR software solutions designed to streamline human resource management processes.
Their offerings include an integrated platform that oversees the employee lifecycle from recruitment to offboarding, featuring automated workflows, compliance management, and compatibility with various HR tools. The solutions cater to HR departments and leadership teams, facilitating data-driven decision-making across over 1,000 organizations in more than 100 countries, including markets in Europe, North America, and Asia. In the most recent year of 2023, Sympa reported a revenue of EUR 23,465,988. The company operates on a subscription-based revenue model, allowing clients to select from various pricing plans tailored to their HR needs.
The flexible nature of these subscriptions caters to a diverse range of operational requirements across different clients. Sympa aims to enhance its product offerings by launching new features and functionalities in the near future; specifics on release dates will be announced as development progresses. The company plans to expand its presence in new geographic regions, targeting additional markets in Asia and North America by the end of 2024. Recent funding from the Growth round will be utilized to accelerate product development and support market entry strategies following the acquisition by Providence Equity Partners.
Current Investors
Providence Equity Partners, Finnvera, Lagoon Capital
Primary Industry
Software
Sub Industries
Web Applications, Analytics & Performance Software, HR & Workforce Software
Website
www.sympa.com
Verticals
Cloud Computing, Mobile Apps
Total Amount Raised
Subscriber access only
Sympa Oy - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Sympa Oy | - | ||||||||
| Add-on, Trade Sale | Completed | Sympa Oy | - |
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