Trivore Oy, a Turku-based provider of identity and access management (IAM) solutions, has received a growth investment of approximately EUR 1 million from funds managed by Redstone and Business Finland. At the same time, the company has appointed digitalisation and growth expert Samuli Savo as Chairman of the Board. The investment and the appointment support Trivore’s internationalisation and strengthen its position as one of Finland’s leading IAM software companies.
Samuli Savo has served on Trivore’s Board since the beginning of 2024 and will now take over as Chairman as planned. He has a strong background in leading growth companies and digital transformation. Savo is currently responsible for Reaktor’secosystem business and has previously served as Stora Enso’s Chief Digital Officer (CDO) and Head of Innovation in the Packaging Solutions division. At Enfo Group, he led the development and transformation of new businesses and was responsible for acquisitions. At Gartner, he worked as a consulting director focusing on the business impact of digitalisation.
“Trivore is built on strong technology and expertise, with solutions that clearly meet a growing market need. I look forward to supporting the company as it scales internationally and enters its next phase of growth,” said Savo.
“Samuli brings valuable expertise in how product companies can leverage service capabilities to accelerate growth. His experience in digital transformation and building growth businesses across the Nordics is especially valuable as we target rapid international expansion,” added investor and continuing Board member Mika Marjalaakso.
To support its growth, Trivore has received an investment of approximately EUR 1 million from funds managed by Redstone(www.redstone.vc) and Business Finland. Redstone operates in Switzerland, Germany and Finland. The investment will enable Trivore to invest in accelerating product development, internationalisation and business growth.
“Trivore was a natural investment for us. It combines strong technology, clear differentiation from competitors and a scalable business model. We were also attracted by a market in transition, good growth, strong customer base and a competent management team,” says Kaj Hagros, Managing Partner Nordics at Redstone.
“Redstone is an excellent partner for us. It has a strong background in actively developing growth companies and extensive international networks, which will help both in internationalisation and in raising further funding,” says Mika Aromaa, CEO of Trivore.
For more information (in Finnish):
Mika Aromaa
Managing Director
+358 50 592 8556
Trivore in brief
Trivore Oy is a software company based in Turku, Finland, founded in 2000, whose main products are the identity and access management platforms Trivore eIAM and Trivore ID. With these scalable and cost-effective platforms, Trivore delivers powerful IAM solutions for demanding enterprises and public administrations. The company’s customers include Fujitsu, HSL, Traficom and Caverion Oyj. Trivore is a fully domestic company that processes and stores all data in Finland.