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D.A. Davidson MCF International Acts as Financial Adviser to Standout Capital on the Sale of Finnish Software Company Miradore

D.A. Davidson MCF International announced today that its client Standout Capital, a Nordic small-cap technology investor, and the other shareholders have sold Miradore Oy, the fast-growing Finnish software company, to GoTo, a global leader and pioneer in business communications and remote work technologies.

Founded in 2006, Miradore is a leading mobile device management (MDM) cloud solution built specifically for small and midsized businesses (SMBs), allowing IT teams to manage end-users across iOS, Android, Windows and Mac OS devices. Miradore has more than 89,000 user accounts and over 2,700 customers across 100 countries.

Since Standout’s investment in 2018, Miradore has transformed into an international SaaS-company, with expansion initiatives focused on the global growth of Miradore’s Cloud offering. From 2018 to 2022, the share of international revenues has grown from 20% to 70%, with U.S. and DACH being the most significant growth markets. During this same period, Miradore’s Cloud offering has also achieved an annualised growth of 70%.

GoTo’s acquisition of Miradore marks an important step in the company’s journey. With the addition of Miradore’s broad mobile device management capabilities to the GoTo portfolio and GoTo Resolve remote support platform, SMBs will be able to partner with GoTo for a one-stop-shop for all IT needs.

“D.A. Davidson MCF International provided an advisory team with impressive breadth and depth of expertise. Their extensive experience, attention to detail, and seamless communication made the transaction come together in the best possible way. I am extremely satisfied by the quality of their work, setting the foundation for Miradore and GoTo to serve our clients with a robust and competitive product portfolio,” said Simo Salmensuu, Chief Executive Officer of Miradore.

This transaction highlights the success of the D.A. Davidson MCF International’s partnership and showcases the Technology team’s ability to execute cross-border transactions and offer clients deep domain expertise.

The technology transaction resulted from close collaboration between MCF’s Nordic offices and our partners from U.S.-based D.A. Davidson.

July 06, 2022,

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“With a dedicated international team, the required niche technology sector expertise and through running an efficient process D.A. Davidson MCF International helped Miradore to assess alternatives and achieve a great outcome. We see a strong strategic fit for Miradore with GoTo as a leading global provider of remote work solutions”

Filip Lidman

Investment Professional at Standout Capital

About Standout Capital

Standout Capital is a Stockholm-based private equity firm investing in growing Nordic tech companies. As an active owner, their mission is to support outstanding companies to grow and succeed. Standout Capital’s overall idea is to invest in digital transformation in business and society. The founders and investment team build on experience in entrepreneurship, investments and finance.

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About Miradore

Miradore is a software company that helps organizations and Managed Service Providers (MSPs) secure and manage Android, Apple, and Windows devices smarter. With Miradore’s products, you can stay up to date with your device fleet, automate device management across multiple operating systems, distribute business-critical apps, secure your company data, and provide remote support to your device users. Miradore was founded in 2006, and today, the organization boasts over 89,000 user accounts, and over 2,700 customers in more than 100 countries, with over 900,000 devices managed.

About GoTo

GoTo’s flexible-work software – including GoTo Connect, GoTo Resolve, Rescue, Central, and more – is built for small and midsize business IT departments, but powerful enough for the enterprise. GoTo software is designed to support end-users’ unified communications & collaboration (UCC) and IT management & support needs, and nearly 800K customers contribute to the more than 1 billion people joining meetings, classes, and webinars through GoTo’s UCC products, and half a billion connections on the company’s remote access and support tools. By building its secure, easy-to-use software, GoTo is committed to ensuring the time at work is well spent so that time outside of work is better spent. With over 3,000 global employees and over $1 billion in annual revenue, the remote-centric company’s physical headquarters is in Boston, Massachusetts, with additional offices and thousands of home offices in North America, South America, Europe, Asia, Australia, and beyond.

Deal Team

Erik Pettersson (Partner, MCF Stockholm)

Michael Maxworthy (Managing Director, D.A. Davidson)

Robert Sällström (Director, MCF Helsinki)

David Douglas (Vice President, D.A. Davidson)

Victor Sylwander (Associate Director, MCF Stockholm)

Suzan Karasar (Associate, MCF Helsinki)

“With a dedicated international team, the required niche technology sector expertise and through running an efficient process D.A. Davidson MCF International helped Miradore to assess alternatives and achieve a great outcome. We see a strong strategic fit for Miradore with GoTo as a leading global provider of remote work solutions”

Filip Lidman

Investment Professional at Standout Capital