The fastest growing consultant broker in the Nordics establishes operation in Finland.

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The fastest growing broker of IT consulting services and outsourcing of consultant procurement in the Nordics, Madeo, establishes operation in Helsinki. The company was founded in 2005 and has grown very rapidly. The consolidated net sales for 20009 amounted to 50 MEUR, and this year Madeo expects a growth of nearly 100 %.

Lars Sonckin Kaari 14, Espoo is the address of Madeo's office in Finland, and responsible for the business in Finland is, Mika Peltoniemi. - There is considerable interest in Madeo's business model to offer services that help customers streamline their procurement of consultants. Our service Madeo Procurement Solution, which helps customers to streamline, reduce costs, and improve quality of the entire procurement of consulting services - is a much sought-after service, not only in Sweden but also in Finland. With our business model, we see good opportunities to achieve great success in the Finnish market, says Mika Peltoniemi, Managing Director of Madeo Finland. The establishment in Finland is the first step into Madeos expansion plans. Madeo is a leader in the Nordic region in terms of streamlining the procurement of consulting services, and the company's strategy is to establish Madeo in several markets. Before this summer, the company will have established itself outside the Nordic region. - We have grown significantly in the Swedish market and feel an increasing demand from our customers on a presence outside Sweden. To reach out with our offer to our customers in an efficient and effective manner, a local presence is required. It creates credibility and opportunities for continued growth, says Anders Gratte, CEO of Madeo. The need for IT consultants, but primarily for services that streamlines the entire procurement of consultant services has increased significantly in the past six months. With Madeo, customers get access to both - specialized IT consultants and customized solutions for the whole procurement of consulting services. Madeo is a rapidly growing company with operations in Sweden and Finland. Madeo currently has 30 employees and has frame agreements with a wide range of major national and international companies. Madeo has offices in Stockholm, Malmö and Helsinki. For more information, please visit www.madeo.se For further information contact: Anders Gratte, CEO, Madeo Sourcing Group AB Tel: 08-664 80 00, mobile: 073-314 02 75 email: anders.gratte@madeo.se Mika Peltoniemi, Managing Director Madeo OY Tel: +358405581128, mobile: +358405581128 email: mika.peltoniemi@madeo.fi Anders G Skolleborg, Marketing Director, Madeo Sourcing Group AB Tel: 08-664 80 00, mobile: 070-874 51 26 email: anders.skolleborg@madeo.se

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