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MicroLink Eesti acquires IT Koolituskeskuse

Posted Mon, 11/08/2008 - 00:00

AS MicroLink Eesti has acquired the Baltic IT training and consultant firm IT Koolituskeskuse OÜ from BaltCap.

Transaction details were not revealed, however, AS MicroLink Eesti, an Estonian IT firm, will retain 83% ownership stake in IT Koolituskeskuse OÜ.

IT Koolituskeskuse OÜ (www.koolitus.ee)
IT Koolituskeskuse is the largest information technology training and consultancy firm in Estonia, Latvia, and Lithuania. With the investments of AS MicroLink Eesti, it is in a position to spread its operations to the rest of the Baltic region. AS MicroLink Eesti has decided to retain the management structure in place at IT Koolituskeskuse OÜ and has made no comment on an integration between the two companies.

AS MicroLink Eesti (www.mirkolink.com)
AS MicroLink Eesti offers as its core products, system integration and infrastructure solutions, software development, business solutions, financial and document management, and data communication and networking. It also provides development of radio communications equipment through its SAF Tehnika subsidiary.

With the acquisition of IT Koolituskeskuse, MicroLink Eesti believes its opportunities for expansion are imminent. It will be able to expand its capabilities to provide its core services to a wider customer base.

BaltCap (www.baltcap.com)
BaltCap Management is the Baltic region's leading Private Equity firm and has been involved in the region since 1995. BaltCap has made 38 investments, year to date, and has sucessfully exited 60% of them. BaltCap invests in a wide array of industries ranging from financial services, real estate, biotechnology and insurance. BaltCap's initial investment amount is roughly $2 million Euros or roughly $2.5 million US dollars. BaltCap's average holding time is between 3 to 5 years.

Since its inception BaltCap has raised 5 funds: The Baltic Investment Fund I and II, Baltic Investment Fund III, Baltic SME Fund and the Baltic Private Equity Fund. BaltCap is also a member of the European Venture Capital and Private Equity Association and the Latvian Venture Capital Association.