85 Advisors acts as financial advisor to FAMOC on its sale to Techstep
NEW YORK, NY – July 1, 2021 – 85 Advisors is pleased to announce the sale of FAMOC S.A., a European provider of SaaS-based unified endpoint management (UEM) software, to Techstep ASA, for NOK 110 million.
FAMOC provides cloud-based UEM and mobile security solutions to more 1,900 enterprise and government organizations in Central and Western Europe. Its platform enables customers to control, manage, and secure the use of mobile devices, applications, communications, and documents/data across their organizations.
Techstep, a listed company on the Oslo Stock Exchange, is a leading provider of Managed Mobility Services provider in the Nordics. The company provides managed services consisting of a combination of device management, software, hardware and connectivity. Techstep has 300 employees based in Norway, Sweden and Denmark, serving 550+ enterprise customers across various industries in the private and public sectors.
85 Advisors acted as financial advisor to FAMOC in connection with the transaction.
A link to Techstep’s press release announcing the transaction is available here.
About 85 Advisors
85 Advisors is a strategic and financial advisory firm that helps technology companies plan, analyze and execute successful growth, financing, and M&A strategies. We work closely with our clients' senior management and board of directors to evaluate, plan and execute myriad strategic alternatives, including mergers, acquisitions, financings, joint ventures, and divestitures. Our focus and expertise extend beyond traditional investment banking services and, accordingly, we serve as a trusted and objective advisor to growth-stage and middle market technology companies on a variety of investment, growth, and operational matters. Our recommendations are informed by our extensive domain expertise paired with rigorous analysis of relevant macro, industry, company- and situation-specific factors. To this end, we have a strong track record of anticipating disruptive trends and changes in the competitive dynamics within the IT sector and advising our clients on how to exploit these shifts proactively.