The Nordic company Milient Software is improving its international presence by acquiring the UK-based company Flo10.
This strategic move is prepared to revolutionise project management solutions on a global scale for architects, engineers and construction professionals. Milient and Flo10 will deliver next-level project management solutions, provide a broader range of solutions addressing their needs for efficient project management, and contribute to their success in their respective industries.
Lars Owe Berge Nyland, CEO at Milient, underscores the significance of this milestone: - "This acquisition marks a pivotal moment in Milient’s international expansion, cementing our status as a premier provider of innovative project management tools. We eagerly anticipate collaborating with the Flo10 team to elevate customer value and foster innovation in the architecture and engineering sectors."
Combining Milient Software’s project management solutions with Flo10’s Knowledge Management System and project compliance will give architects, engineers, and construction professionals a complete platform to successfully manage their operations and projects.
Flo10’s founders, Matthew Nickerson and Aidan Boustred, express their enthusiasm for the partnership: “We are looking forward to taking the next step together with Milient Software, providing complementary products to our customers, adding value, and entering new markets.”
With this acquisition, Milient will strengthen its footprint in the United Kingdom and expand its customer base with “boots on the ground” in a strategically important market. In addition, Milient and Flo10’s existing customers will have access to a wider product portfolio, which will give even more value to their practices. Flo10 will seamlessly integrate into Milient’s brand and products, and customers will continue to experience the highest quality of solutions and service.
In the photo (left to right): Aidan Boustred - Lars Owe Berge Nyland - Matthew Nickerson
About Milient Software
Milient Software is a market-leading cloud service for project management, time reporting, resource planning, invoicing and quality assurance in the Nordic. This allows data to flow freely between selected systems, which reduces the customers' manual work. Milient can be integrated with over 50 systems, and the company works closely with its customers to constantly improve its functionality. Milient has offices in Oslo and Linköping and has annual subscription revenues of NOK 85 million, 82 employees, and approximately 1200 customers. Milient has users in 69 countries.
Milient Software is owned by Monterro, a Swedish PE company, and the leading software investor in the Nordics, specialising in B2B.
About Flo10
Flo10 is the leading Knowledge Management and Project Compliance software designed for architects, engineers, and AEC consultants. Our mission is to make project management safer, support a culture of knowledge sharing, and give professionals more time to deliver projects.
Leading practices from across the UK, the Republic of Ireland, and the United States have unified core knowledge, best practice processes and essential project resources through Flo10.
For more information – contact:
Lars Owe Berge Nyland, CEO Milient Software – lars.nyland@milientsoftware.com - +47 934 24 200
Erik Syrén, Chairman of the Board Milient Software - erik.syren@monterro.com - +46 70 738 50 72
