Danske Bank is acting as the Sole Global Coordinator in Digital Workforce Oyj’s (”Digital Workforce”) initial public offering and listing of shares on Nasdaq First North Growth Market Finland.
Below is an overview of key dates in connection with the initial public offering and listing of shares as well as links to prospectus, marketing brochure, web subscription and eBanking services (only for Danske Bank’s customers).
Digital Workforce is a Finnish Intelligent Automation (IA) and Robotic Process Automation (RPA) services provider. According to the Management, based on a competitive environment survey carried out by the Company, and research company Forrester, Digital Workforce is one of the leading service providers specialising in RPA and IA on an industrial scale in terms of revenue, service offering, customer referenced and head count. Digital Workforce helps its customers to automate knowledge work tasks and business processes with IA through its digital workers. Digital Workers are software robots that are in essence automated team members that execute business processes precisely, tirelessly and with fewer mistakes than human workers – with no significant changes to the customer’s existing systems. Digital workers have super powers based on RPA, Artificial intelligence and cloud services, which make them fast, efficient and able to cut costs significantly and offer new and unseen business opportunities for customers.
The Company’s service offering covers the entire lifecycle of IA: design and consultancy, development and implementation, cloud-based platform, support and maintenance as well as further development. The Company’s business model is divided into two main areas: Professional Services and Continuous Services. Professional Services are mainly billed on time-and-material or project basis. Continuous Services in turn generate recurring revenues as the operation and management of customers’ automation is continuous and billed based on use (e.g. pay-per-minute). The purpose of the Company’s business model is to increase the absolute revenue and relative proportion of the higher margin Continuous Services business. Digital Workforce operates globally and its customer base consists of more than 200 mostly large global organisations. The Company offers its services and solutions to a wide customer base in different industry verticals including e.g. banking and insurance services, health and social care, manufacturing and logistics, and different public sector organisations.
Historically, Digital Workforce has been able to grow rapidly while simultaneously increasing its share of recurring revenues. The company’s average annual revenue growth rate (CAGR) was 27.6 percent between the accounting periods ending in 31 December 2018 and 31 December 2020. Simultaneously, the Company’s share of recurring revenue increased from 29.7 percent to 47.2 percent between the accounting periods ending in 31 December 2018 and 31 December 2020. In the accounting period ending in 31 December 2020, the Company’s revenue was 19.1 million euros. In the first nine months of 2021 the Company’s revenue increased by 19.3 percent compared to the first nine months of 2020, and in the first nine months of 2021 the Company’s share of recurring revenue was 52.7 percent.
The Digital Workforce Group consists of the parent company Digital Workforce Services Plc. and its fully-owned subsidiaries Digital Workforce Svenska AB, Digital Workforce Sp. z o.o., Digital Workforce AS, Digital Workforce A/S, Digital Workforce Services Ltd., Digital Workforce Services Inc. and DWF Digital Workforce Services GmbH. The company offers its services globally through eight offices located in Finland, Sweden, Norway, Denmark, Germany, Poland, The United Kingdom and The United States. In the nine month period ending in 30 September 2021 the Company’s average number of personnel was 194.
 Source: The Forrester Wave Robotic Process Automation Q1 2021, Forrester 2021; from public sources.
Verkkomerkinnän yleiset ehdot
Marketing brochure (in Finnish)
Become a customer
Access to the information and documents on this website is restricted for regulatory reasons. You are requested to review the following information and make the following confirmation each time you access this restricted information.
THESE MATERIALS ARE NOT DIRECTED AT OR ACCESSIBLE BY ANY PERSONS LOCATED IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, HONG KONG, NEW ZEALAND, SINGAPORE, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL
This website and the information contained herein are not intended for, and must not be accessed by, or distributed or disseminated to, persons resident or physically present in the United States (including its territories and possessions, the “United States”), Australia, Canada, Japan, Hong Kong, New Zealand, Singapore or South Africa and do not constitute an offer to sell or the solicitation of an offer to buy or acquire, any shares in, rights or other securities of Digital Workforce Services Oyj (the “Company”) in the United States, Australia, Canada, Japan, Hong Kong, New Zealand, Singapore and South Africa or any other country in which it would be contrary to the laws and regulations of that country.
These materials are not an offer for sale of securities in the United States. The shares, rights or other securities of the Company referred to on this website have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration thereunder.
The access or distribution of the information and documents contained on the following websites may be restricted by law in certain jurisdictions, and only certain categories of persons may be authorized to access such information and documents. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. All persons residing outside of the United States, Australia, Canada, Japan, Hong Kong, New Zealand, Singapore and South Africa who wish to have access to the documents contained on this website should first ensure that they are not subject to local laws or regulations that prohibit or restrict their right to access this website, or require registration or approval for any acquisition of securities by them. The Company assumes no responsibility if there is a violation of applicable law or regulations by any person.
This information is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as “relevant persons”). Any investment activity to which this document relates will be only available to, and will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
In any other Member State of the European Economic Area (the "EEA"), other than Finland and in the United Kingdom, where Regulation (EU) 2017/1129 (as amended, the "Prospectus Regulation") is applicable, this information is only being distributed to and is only directed at persons in the EEA who are "qualified investors" within the meaning of article 2(e)of the Prospectus Regulation and Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.
The contemplated initial public offering shall be governed by the laws of Finland. No action has been taken, except in Finland, in order to register the shares or the contemplated initial public offering or for the public offering of shares. The shares may not be, directly or indirectly, offered, sold, resold, transferred or delivered in such countries or jurisdictions or otherwise in such circumstances in which it would be unlawful or require measures other than those required under Finnish laws including the United States, Australia, Canada, Japan, Hong Kong, New Zealand, Singapore and South Africa or any other country in which it would be contrary to the laws and regulations of that country. Neither the documents on this website nor the prospectus prepared in accordance with the Prospectus Regulation or any other material relating to the contemplated initial public offering may be delivered to persons in the above-mentioned countries by copying or in any way whatsoever. The Company requires that the persons mentioned above in this paragraph inform themselves of the restrictions regarding the distribution and other conveyance outside of Finland as well as restrictions regarding the use of information and observe all such restrictions. Neither the Company nor the Company’s representatives have any kind of legal responsibility for such violations whether or not such restrictions were known to prospective investors. The Company reserves the right to, in its sole discretion, reject any type of share subscription that the Company believes would cause the violation or breach of legislation, rule or regulation.
ONLY PERSONS RESIDENT AND PHYSICALLY PRESENT IN FINLAND MAY PARTICIPATE IN THE OFFERING THROUGH THESE WEBPAGES.
By clicking on the link below, I confirm that I have read, understand and agree to comply with all of the restrictions set forth above and that my country of residence and current location is not the United States, Australia, Canada, Japan, Hong Kong, New Zealand, Singapore and South Africa or any other jurisdiction in which such a distribution or such access is unlawful.