Eficode Oy Propels Forward with Strong Customer Demand

Eficode Oy, a leading provider of DevOps, Agile, cloud, and ITSM solutions and skills, has announced that it grew organically and through acquisitions by over 170% in its last fiscal year.

The company's compound annual growth (CAGR) during the previous four fiscal years was 70%. Eficode's growth was driven by strong customer demand for consulting expertise and sales of licenses, cloud subscription for software development tools, and managed services. In December 2022, Eficode announced a significant investment from Investcorp, which became a majority shareholder in the company. This investment has prepared Eficode for its next growth phase. The United States and the United Kingdom have become key regions for Eficode, with these regions representing over 40% of the company's revenue.

In Continental Europe, Eficode grew organically by 135%. Innovations in AI are also driving customer demand, with consulting services and tools to capitalize on Artificial Intelligence in software development surging rapidly. Eficode has received several awards for its outstanding contribution and achievements, including Atlassian Partner of the Year 2022 Services EMEA and specialization status in all Atlassian areas. The company is also partaking in advisory councils for its major technology partners, shaping the software development tooling and consulting industry. With its strong growth and innovative solutions, Eficode continues to be a driving force in the open source software ecosystem.