SOURCE: Midaxo


March 31, 2015 08:31 ET

Midaxo Launches Industry's Most Powerful Automated M&A Solution in U.S.

Secures 1.5 Million Euro Seed Investment for Expansion

WALTHAM, MA--(Marketwired - Mar 31, 2015) - Midaxo, the leader in mergers & acquisitions (M&A) software, announced today that it has launched its award-winning M&A solution in the U.S. and established a North American subsidiary to address the growing need to systematize the M&A process. Also, in a separate news release issued today, the company announced that it has received a 1.5 million euro investment from Seed Fund Vera, Hiidenkivi Investment and angel investors.

Midaxo's cloud-based platform is the only easy-to-use and highly-configurable solution for managing the entire M&A transaction lifecycle. With Midaxo, buy-side M&A professionals from some of the world's leading companies have achieved complete transparency and control to make well-informed decisions, avoid risks, and quickly capture merger synergies.

"The value of M&A transactions was $4.7 trillion[i] last year. Research shows that 70 percent of deals fail to achieve their objectives, often due to problems with the underlying process and supporting tools," said Ari Salonen, president of Midaxo, Inc., the new North American subsidiary. "Midaxo is singularly committed to addressing these challenges through our platform that provides unrivaled ease-of-use and intuitiveness to drive a disciplined M&A process. With our new U.S. operations, we can better support Midaxo's growing list of U.S.-based customers and bring the benefits of our award-winning solution to a broader audience in North America."

"We have a very detailed, multi-stage M&A process, so we need a tool to fit our specific operations. Using Midaxo as the single platform to manage and support our M&A transactions, we've been pleased to see how flexible the solution is and how easily we were able to configure it to meet our needs," said Sergio Letelier, vice president and associate general counsel, M&A, Corporate Transactions and International Governance, HP.

The Midaxo M&A platform enables M&A professionals to easily standardize and manage the entire M&A process from deal sourcing though evaluation, transaction and integration. The platform includes all tools M&A professionals need to seamlessly manage their complex activities, including process, project, and issue management; document management; team coordination; collaboration; auditing; and reporting. 

Midaxo requires no consulting to implement, configure, and to continuously improve the M&A process. Users, including external advisors, can become effective within one hour. Midaxo's robust, audited data security protocols and measures, as well as granular user rights management, ensure the highest level of information security.

New U.S. Office, Midaxo Leadership

As President, Midaxo, Inc., Salonen leads a North American team from headquarters in Waltham, Mass. He brings extensive expertise in starting, growing, and running enterprise software companies. Previously, Salonen was general manager for North America at Basware, a global purchase-to-pay software company. He understands M&A professionals' issues first hand, having worked on all aspects of M&A as a senior manager and associate principal with McKinsey & Company's Boston office. 

Midaxo was founded by CEO Kaija Katariina Erkkilä and COO Kalle Kilpi. With 30 years' hands-on and executive experience in global M&As, Erkkilä is a recognized M&A and integration expert. She is also an M&A coach, author and lecturer. Her latest publication (with Anneli Valpola) is M&A Coach - Value from Integration. In addition, Erkkilä has held senior sales, marketing, and general executive roles in large medical device companies in the U.S. and Europe. Midaxo's co-founder, Kilpi, is a serial entrepreneur, who previously founded two successful cloud-based companies serving the business-to-business market.

About Midaxo

Midaxo is a global provider of an award-winning cloud-based platform that helps companies easily systematize and run their M&A and other complex management processes. Easy-to-use and highly configurable, Midaxo enables M&A professionals to manage their activities from deal sourcing through valuation, transaction, and integration. With Midaxo, some of the world's largest companies, including HP, Supreme Group, and Danfoss, enjoy complete visibility and control over their critical M&A activities -- and can make well-informed decisions, avoid risks, and more quickly capture merger synergies. The company's North American business, Midaxo, Inc., is located in Waltham, Mass.

More information can be found at
Twitter: @midaxo

[i] According to BvD Zephyr

Contact Information

  • Company contact:
    Ana Hasbun
    Marketing Manager
    +1 646-583-1577 (US)
    +358 442 713 327 (EMEA)

    Media contacts:
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    Pardes Communications, LLC

    Linda Pendergast-Savage
    Pardes Communications, LLC