Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages
    Reference: 20170957
    Release date: 4 June 2018

    Promoter – Financial Intermediary

    M-FILES OY

    Location

    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)

    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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Finland Services