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.