TeliaSonera to strengthen its position in integrated business services with the purchase of Crescom Oy

TeliaSonera has purchased 100% of the shares of Crescom Oy. The fast growing Crescom is specialised in designing, building, and managing customers’ critical server systems. The purchase supports TeliaSonera’s strategy to grow as a provider of companies’ integrated telecommunication and IT solutions.

TeliaSonera has today signed an agreement on the purchase of Crescom Oy from managing director Jarmo Merikoski and nine other shareholders employed by the company. All Crescom’s employees continue in the employment of the company as senior employees.

Crescom Oy specialises in the implementation of managed services for high-quality service systems for customers who have high demands for the reliability of the systems. Crescom has grown operationally very strongly during the past years, but has succeeded in maintaining a very good operating profit level of approximately 20%. The biggest customers of the company include Fonecta Oy, Consilis Oy, Affecto Oyj and the Finnish Maritime Administration. All in all, Crescom has more than 120 customers from various business sectors.

”This deal strengthens our position as a provider of integrated telecommunication and IT solutions for our business customers. Ever increasingly, the customers want their services from one provider as a total service invoiced monthly, so that they can be sure of the compatibility of the systems and additionally forecast the total costs. TeliaSonera’s strategy is to strengthen its competence in the growing SaaS (software as a service) operations model, and to speed up this strategy Crescom makes an excellent addition to us,” says Juho Lipsanen, the director of TeliaSonera’s Integrated Enterprise Service business area.

Crescom continues with its existing name as a subsidiary of TeliaSonera. All the key persons also continue in the service of the company.

“The purchase enables better resources for Crescom to expand its service offering. This consortium conforms to the change in the market structure in which the network and IT infrastructures must be offered as a complete service in its entirety,” says Jarmo Merikoski, the managing director of Crescom.

description of Crescom

Crescom Oy provides solutions and services that ensure high operability and safety of server systems. The server centres are in Lauttasaari, Helsinki, and Kilo, Espoo. The operations of Crescom are based on customer-oriented partnership thinking and utilization of the potential enabled by advanced technology. Crescom is a partner authorized by the world’s leading technology manufacturers.

Turnover 3.2 (MEUR, in 2006) 
Operating profit 0.6 (MEUR, in 2006) 
Number of employees 20 and

For more information:

Henri Harmia, Vice President, Business Development, Integrated Enterprise Services, TeliaSonera
Phone: +358 40 5062860

Jarmo Merikoski, managing director, Crescom Oy
Phone: +358 400 455 322