Release date: 4 June 2018
Promoter – Financial Intermediary
M-FILES OYLocation
Description
M-Files is a software company which offers Content Service Platform (CSP) solutions that help businesses organise, manage and track documents and business processes, improving the efficiency and productivity of its clients.
Objectives
The proposed loan will enable M-Files to scale its operations, complete its transformation into a Software as a Service ("SaaS") model faster and expand its customer base geographically by investing into Research, Development and Innovation (RDI), SaaS transformation costs and sales/marketing costs.
Sector(s)
- Services - Information and communication
Proposed EIB finance (Approximate amount)
EUR 27 million
Total cost (Approximate amount)
EUR 68 million
Environmental aspects
The investments will concern RDI activities most likely within existing facilities. Therefore, it is unlikely that the project will fall under Annex I and II of Directive 2011/92/EC as amended. Nevertheless, the environmental details including environmental objectives of the RDI programme and if needed, the carbon dioxide (CO2) footprint as well as the possible impacts on protected flora and fauna will be assessed during the appraisal.
Procurement
The promoter has been assessed by EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement.
Status
Signed - 19/07/2018
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).