Exit during COVID-19

November 10, 2020

"Just being close to 13 years in the Finnish company Accanto Systems Oy we finally managed to make exit under Covid -19 time frame. Company assets were acquired by IBM announced 01. April 2020" by Jorma Heinonen, angel investor and FiBAN member.

Accanto’s press release here.


I have been investor and board member from the very beginning, also many years operational in global sales management.  So, I have been able to see and feel the journey.

Since we did management buyout (MBO) from original VC we have had several investment rounds and private investors to help the company growth. Some of those investment rounds have been crucial for our product development and entering new international markets. 

All the way we have had company focus to create products and services which will add value to our global customers and partners without thinking too much any exit options.

This was my fourth exit and some interesting points learned so far to share with You. I have also seen few bankrupts and “Fire Sale” cases in my portfolio. 

This has been great journey and experience. I am thankful working with these professional Accanto Systems team members in Finland and abroad.



Jorma Heinonen CEO
Mobile +358503590580