Standout Capital divests Miradore

Stockholm July 6, 2022

Nordic small-cap technology investor Standout Capital and the other shareholders in Miradore Oy have signed binding agreements to sell their shares to GoTo, the all-in-one business communications and IT Support and Management platform. With the addition of Miradore’s broad mobile device management capabilities to the GoTo portfolio and GoTo Resolve remote support platform, small and midsized businesses (SMBs) will be able to partner with GoTo for a one-stop-shop for all IT needs.

Founded in Finland in 2006, Miradore is a leading Mobile Device Management (MDM) cloud solution built specifically for SMBs, allowing IT teams to manage end users across iOS, Android, Windows and Mac OS. Today, the Company has more than 2,700 customers and MSP distributors, and over 89,000 user accounts across 180 countries. Standout invested in Miradore in 2018 and became the majority shareholder in 2020. Standout has been an active owner supporting the Company’s transformation towards a true international SaaS-company and helped launch expansion initiatives focused on product-led low-touch international growth of the Miradore Cloud offering. Since the time of Standout’s investment in 2018 the share of international revenues has grown from 20% to 70% of total revenues with U.S. and DACH as two of the largest growth markets. During the same period, 2018 - 2022, the Miradore Cloud offering has achieved an annualized revenue growth of 70%.

“Standout has been a valuable growth partner during the last four years and has actively supported us in developing our organization, a scalable data driven distribution model and in rapidly expanding our international business” says Simo Salmensuu, CEO of Miradore.

“We are proud of the successful partnership with Simo and the whole team at Miradore and are very pleased with the strong growth achieved together. We are excited about Miradore’s future prospects and see a strong strategic fit for Miradore with GoTo as a leading global provider of remote work solutions” says Filip Lidman, Investment Professional at Standout Capital.

The divestment of Miradore is the fourth full exit by Standout in the last eight months. Miradore was advised by MCF Corporate Finance and Avance Attorneys.

About Miradore:

Miradore is a software company that helps organizations and Managed Service Providers (MSPs) secure and manage Android, Apple, and Windows devices smarter. With Miradore's products, you can stay up to date with your device fleet, automate device management across multiple operating systems, distribute business-critical apps, secure your company data, and provide remote support to your device users. Miradore was founded in 2006, and today, the organization boasts over 89,000 freemium accounts, and over 2,700 customers in more than 100 countries, with over 900,000 devices managed.

About Standout Capital:

Standout Capital is a Stockholm-based private equity firm investing in growing Nordic tech companies. As an active owner, our mission is to support outstanding companies to grow and succeed. Standout Capital’s overall idea is to invest in the digital transformation of businesses and society. The founders and investment team build on experience in entrepreneurship, investments and finance.

Press contacts

Standout Capital

Filip Lidman

Investment Professional
filip.lidman@standoutcapital.com
+46 709 901144

Miradore

Simo Salmensuu

CEO
simo.salmensuu@miradore.com
+358 50 386 3260