“We have successfully cooperated with Brainpool in several large cases. Our cooperation has brought us and our customers remarkable advantages in creating more efficient and better care. The acquisition strengthens Mawell’s market position especially in Sweden, Denmark and Norway, and also powers the way for our stronger presence and growth in the global market space,” says Tero Silvola, CEO of Mawell.

“The increased need for interoperability, open and secure architecture and standard based solutions are emphasized in national and regional projects in all Nordic countries as well as globally. Especially virtualized patient informatics sector is evolving fast. Our products and services are at this stage used in more than 300 healthcare and welfare organizations and we are partners in all national projects in Sweden. From now on we are able to take even bigger role in all projects and provide reliable deliveries and customer satisfaction to both public and private organizations,” says Marcus Claus, CEO of Brainpool.

Mawell is a management driven company strongly backed up by Nordic private equity house CapMan. “Mawell is an exceptional growth company with extensive international growth targets and ambitious, capable management team to carry out the expansion plan. We have actively sought a strategic partner for Mawell in Sweden and participated in the acquisition process. Through the acquisition Mawell strengthens its position as a market leader in virtualized patient informatics in Northern Europe”, says Jarkko Virtanen, Chairman of the Board of Mawell and Senior Advisor at CapMan.

Tero Silvola will continue as CEO of Mawell and Marcus Claus will take a position as Director of Operations with overall responsibility for the customer process to support Mawell’s growth strategy. Ulf Hertin, who previously served as Stockholm County Council’s IT Development Manager, was nominated as Mawell’s Regional Director in Sweden, Denmark and Norway at the beginning of January 2008.

The acquisition will raise Mawell employee number to 200 and increase the company’s turnover to about 20 million Euros in 2008. This acquisition makes Mawell one of the strongest growth companies in healthcare IT sector in the Nordic countries. Mawell’s headquarter will be in Helsinki and other offices in Oulu, Stockholm, Copenhagen and Sendai, Japan.

Further information:

Tero Silvola
CEO
Mawell Ltd
Telephone: +358 40 590 5733
E-mail: Tero Silvola

Marcus Claus
CEO
Brainpool AB
Telephone: +46 70 873 57 03
E-mail: Marcus Claus, Brainpool (se)

Mawell is an innovative and fast growing Nordic healthcare technology company. We provide our solutions internationally to private and public healthcare organisations and pharmaceutical companies. We rely on extensive industry knowledge, open standards and patient centric technology. To our customers we provide customer centric technology bringing efficiency and effectiveness enabling more time to care. Our company is the market leader in Virtualized Patient Informatics (VPI) in North Europe.

Brainpool tailor-make IT solutions, offers Application Management, provides e-services and high quality support experts to several major employers within the Swedish healthcare and welfare sector. Other major clients are leading industrial enterprises and service organizations. Experts from Brainpool are involved in some of the most important healthcare informatics and architecture projects in Sweden. Brainpool is a member of the Swedish Medtech organization and involved in the national IT for Healthcare standards.

CapMan is one of the leading alternative asset managers in the Nordic countries and manages Nordic funds with approximately EUR 3.9 billion in total capital. CapMan has four investment areas (CapMan Buyout, CapMan Technology, CapMan Life Science and CapMan Real Estate), and each of them has a dedicated team and funds. Altogether CapMan employs over 110 people in Helsinki, Stockholm, Copenhagen and Oslo. CapMan was established in 1989 and its B shares are listed on the Helsinki Stock Exchange since 2001.