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After the IPO, Efecte’s progress has remained weaker than expected as the acceleration of the growth of international operations has taken more time than estimated and the benefits from the considerable growth investments have not been at the expected level. However, with the new management and clarified strategy, the company’s development is stabilising, and our opinion is that the valuation of the share is moderate considering the strong growth outlook of the SaaS business.   

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Trade. (Efecte)

Efecte is a Finnish software company offering cloud-based (Software as a Service, SaaS) service and identity management solutions, supported by professional services. They streamline and simplify management of services, IT systems and infrastructure in organizations. Efecte’s two main markets are IT Service Management (ITSM) and Identity and Access Management (IAM). ITSM consists of the design, implementation, management, and development of corporate IT systems. IAM technology is utilized in the creation, management and storage of user identities.