November 10, 2016 – Nasdaq (Nasdaq: NDAQ) announced that trading in Heeros Plc shares (short name: HEEROS) commenced today on Nasdaq First North Finland. The company belongs to the Technology sector. Nasdaq First North is a Multilateral Trading Facility (MTF) aimed towards emerging growth companies and is operated by Nasdaq Nordic exchanges, including Nasdaq Helsinki.
Heeros is a Finnish software company specializing in electronic financial management solutions. Heeros product family covers all electronic processes of financial management from scanning of paper invoices, purchase invoice workflow, e-archiving and book keeping. The modular software solution is always provided as a SaaS (Software-as-a-Service) service, which makes it possible to implement the solution in accordance with the customer needs, the required entity at a time. The net sales of Heeros Group in 2015 was MEUR 5.4 euros with the operating profit of MEUR 0.7 euros. 85% of the 2015 net sales was continuous, ie generated by monthly and transaction fees, forming a steady stream of revenue. For more information, please visit www.heeros.fi.
"Digitalization revolutionizes the everyday of accounting companies and companies. Heeros plays an active role in creating conditions for the digital revolution of financial management by offering our clients an independent, flexible and cost efficient cloud-based accounting software solution. Through our listing, we are ready for faster implementation of our growth strategy as the market is growing fast in Finland and Europe. I wish to thank over 700 investors who participated in our IPO and wish them welcome to digitalize the financial management with us”, said Matti Lattu.
“We warmly welcome Heeros to Nasdaq First North Finland. The company will make a great addition to our Technology sector, and we look forward to a long-standing partnership with the company and its shareholders. It is also a pleasure to note that Heeros is no less than the tenth new listed company in Finland this year”, said Henrik Husman, President of Nasdaq Helsinki.
Heeros Plc has appointed Ernst & Young Ltd as its Certified Adviser.
About Nasdaq First North
Nasdaq First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq Nordic. It does not have the legal status as an EU-regulated market. Companies at First North are subject to the rules of First North and not the legal requirements for admission to trading on a regulated market. The risk in such an investment may be higher than on the main market.
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