Stockholm / Vantaa
2 May 2023
VideoVisit, a Finnish company backed by Main Capital Partners (“Main”), is on a growth journey towards becoming a leading provider of software services for virtual healthcare and digital clinics in Northwestern Europe. With a market leading position in the Finnish market, VideoVisit will now take its first step in its internationalization journey with the acquisition of Applikator.
Founded in 2013 in Vejle, Applikator is a leading Danish telehealth software provider of flexible solutions for secure communication including video, chat and secure messaging as well as digital rehabilitation tools, planning and appointment bookings. The company has a strong presence across multiple public sector verticals, including home care, rehabilitation, hospital care and social care, with clients such as Aarhus Kommune, Viborg Kommune and Roskilde Kommune. Applikator holds a market leading position in Denmark, servicing the majority of municipalities and a growing presence in Norway.
VideoVisit Group, a leading software provider of virtual care
Applikator marks the first acquisition by VideoVisit. The combination will enable the Group to expand geographically and technically, improving its value proposition towards existing clients with a highly complementary product offering. The market dynamics for telehealth and telemedicine solutions is undergoing rapid developments fueled by increasing adoption of technology, rising healthcare expenditure and an aging population demographic. By joining forces, VideoVisit and Applikator are well positioned to tackle these obstacles, both by contributing to the combat against elderly loneliness and by increasing their personal safety.
Andreas Melson, CEO of Applikator, comments: “We are delighted and proud that the merger with VideoVisit has been successful. VideoVisit is a company built on the same core values as Applikator and we are convinced that great synergies will be achieved between the two companies. Becoming part of an ambitious company backed by a strong player such as Main Capital Partners will ensure our continued growth and internationalization.”
Juhana Ojala, CEO of VideoVisit, adds: “Since joining forces with Main Capital Partners in March 2022, we have studied the Nordic market for potential add-on acquisitions that would result in strong synergistic effects. This combination delivers on that, while securing our position as the leading Virtual Care platform in the Nordics, with market leading positions both in the Finnish and Danish home care markets. Our whole team is excited that we can welcome Applikator to become part of our group’s continued international growth journey going forward.”
Wessel Ploegmakers, Partner at Main Capital Partners, concludes: “The combination will strengthen the group’s international position within the Virtual Care market, whilst simultaneously maintaining a local touch in our core markets. As the first combination, Applikator is of strong strategic importance, supporting the growth prospects by both bringing in an interesting product offering for cross-sell, as well as a strong footprint and in-depth knowledge of the Danish market and above all, a dedicated and enthusiastic team. We are looking forward to the collaboration.”
VideoVisit, founded in 2010, is a Finnish digital health company offering solutions for virtual care and digital clinics; such as Helsinki Welfare Region, Länsi-Uusimaa Welfare Region and Pohjanmaa Welfare Region, and is used by over 200 municipalities in Finland. VideoVisit has approximately 40 employees located in its Helsinki and Kuopio offices. Annually over 1,5 million virtual care visits are completed with the VideoVisit platform, providing over EUR 50M annual savings for care operators.
Applikator delivers welfare technology solutions to municipalities, regions and their citizens. Our solutions DialogNet and VitaComm support communication and work internally in the organization between managers, coordinators, planners and employees, as well as external communication to citizens, their relatives, substitutes and volunteers. VitaMind and VitaComm support citizens in self-mastery and cognitive training. Applikator’s solutions are currently used by 49 municipalities in Denmark and 18 municipalities in Norway.
Main Capital Partners is a leading software investor in the Benelux, DACH and Nordic region. Main has 20 years of experience in strengthening software companies and works closely with the management teams in its portfolio as a strategic partner, in order to achieve sustainable growth and larger outstanding software groups. Main has 60 employees and offices in The Hague, Stockholm, Düsseldorf, Antwerp and an affiliated office in Boston. Main has over 2.2 billion euros in assets under management and currently has an active portfolio of over 40 software groups. Together, these companies provide about 9,000 jobs.
The sender of this release is Main Capital Partners.
For more information, please contact
Juhana Ojala (CEO)
+358 (0)40 568 2182
Main Capital Partners
Wessel Ploegmakers (Partner and Head of the Nordics office)
+46 (0)7 32 611 700
Andreas Aagaard Melson (Partner)