HELSINKI and STOCKHOLM, December 16 /PRNewswire/ --

- Flander and Endevo Join Forces to Drive Software Based Innovation for Nordic Industry

Software testing and development company Flander today announced that it has acquired Endevo, the Swedish expert company in Quality Assurance and Software Development. The combined company will become the Nordic leader in Quality Assurance and one of the leading development companies for embedded SW systems. Endevo has 80 professionals working in Stockholm, Gothenburg and Malmoe. Through the acquisition, Flander will have 500 employees in Finland, Sweden and China and a turnover of 30 million euro in 2008.

Both Endevo and Flander are high-growth companies. They provide development, quality assurance, testing and validation services that enable industry and telecom customers to shorten product development cycles, save development costs by avoiding errors, and validate products for different markets.

Today, much of the competitive edge of the Nordic industry lies in companies' ability to integrate intelligence and software functionality to their products. Together with Endevo, we can help companies innovate new products, embed intelligence to industrial products and improve product quality, and in this way, contribute in making sure that the Nordic industry remains competitive and creates jobs and prosperity, said Flander's CEO Markus Suomi.

The future goal for Flander is to become a recognised global leader in software testing and development services for embedded and other demanding systems. The acquisition will strengthen our services with world class expertise in new areas, such as test and measurement systems, especially with LabVIEW. Together with Endevo, we can continue our focused growth and become the leading product engineering software expert for our customers, who are global industry leaders in their fields, Suomi continues.

By joining forces, Flander and Endevo can now offer development and testing services on all levels - from top global experts, local development teams or outsourced to China.

The merger gives Endevo a much stronger position on the Swedish market and we can now use expertise from Finland, Sweden and China. Flander's expertise in Symbian, s60 and Linux will also be interesting areas for our customers, said Endevo's CEO Rune Nordlander. This acquisition will also enable us to grow with our customers internationally. Joining forces with Flander is an ideal fit as both companies have a long history in Quality Assurance and SW Development and a strong focus on quality.

Under the terms of acquisition, Flander will acquire 100 percent of Endevo stock. Initially, Endevo will continue operations as a separate company and be called Endevo, part of Flander Group. Flander Sweden's Managing Director Sam Olnen will become the CEO of both Endevo and Flander Sweden.

Both Endevo and Flander are leaders in their fields, Flander especially in Symbian, S60, Linux and Qt environments and Endevo in test and measurement systems with LabVIEW. Both Flander's and Endevo's revenues have almost doubled during the last three years. Endevo is a Dagens Industri's Gazelle company, while Flander is listed on the Deloitte Fast Track 50 list. Customers include telecom equipment manufacturers such as Ericsson, SonyEricsson and Nokia and industry players such as Sandvik, Scania and Vaisala.

Flander

Flander is a leading company in software testing and development and it offers software services for development of embedded and other demanding solutions. Flander's clients include businesses from telecom, industry, information technology and service segments. Established in 1997, the rapidly growing Flander employs 400 software development and testing professionals at eight offices in Finland, Sweden, and China.

Further information http://www.flander.com.

Endevo

Endevo is a leading test and quality assurance consultant company focused on customers with high requirements in quality and efficiency. Endevo has 80 professionals working in Stockholm, Gothenburg and Malmoe. The company's world class expertise comes from senior consultants, who have an average of 12 years experience from the industry and strong solution concepts. Endevo focuses on five sectors: Life Science/Bio Tech, Telecom, Industry, Automotive and Finance/Assurance.

Further information http://www.endevo.se.

Further information: Flander Oy CEO Markus Suomi Tel. +358-50-511-7337 firstname.surname@flander.com Endevo Ab CEO Rune Nordlander Tel. +46-8-410-168-27 firstname.surname@endevo.se For press materials, please contact Ville Lehtovirta, Text 100 Conexio, +358-346-6946, ville.lehtovirta@conexio.fi

Further information: Flander Oy, CEO Markus Suomi, Tel. +358-50-511-7337, firstname.surname@flander.com; Endevo Ab, CEO Rune Nordlander, Tel. +46-8-410-168-27, firstname.surname@endevo.se; For press materials, please contact Ville Lehtovirta, Text 100 Conexio, +358-346-6946, ville.lehtovirta@conexio.fi