As exclusive financial advisor to Walor.io, a Danish whistleblowing SaaS startup, KPH 31 is excited to announce that Ziik, a European-expanding intranet SaaS provider, has acquired Walor.io.
Ziik, founded by Per Rohrdanz, Søren Iversen, and Martin Simonsen, is advancing with the acquisition of Walor.io, a whistleblowing solution that meets a mandatory EU directive requiring companies with more than 50 employees to have a whistleblowing system. This acquisition strengthens Ziik’s vision of becoming a sustainable, profitable company without venture capital. Walor.io complements Ziik's communication tools, allowing customers to integrate intranet and whistleblowing systems on one platform.
“Ziik’s acquisition of Walor.io is an exciting step forward, bringing new strengths to our platform that will enhance the experience for all our current and future users. Walor.io's complementary product is a perfect fit with Ziik’s mission, adding even more value to our solutions for streamlined internal communication and empowering teams to work better together. In addition, we’re extremely proud to welcome two of the Founders, Frederik and Nikulás to our team – they’ve already made a tremendous impact, and we’re thrilled to have their expertise on board,” says Martin Simonsen, Co-founder of Ziik and Søren Harkjaer Iversen, Co-founder of Ziik.
Martin Simonsen and Søren Harkjaer Iversen, further adds “Given Poul’s track record, we always make sure to take the meeting when he shares an opportunity. His understanding of what we're looking for made this process incredibly smooth.”
Walor.io also sees the acquisition as a unique opportunity they couldn't pass up.
“Having the opportunity to further develop our product on a much larger platform is fantastic. We look forward to contributing – not only to Walor.io’s continued journey, but also to creating value for Ziik’s customers,” says Frederik Binow, Co-founder and CEO
at Walor.io and Nikulás Óskarsson, Co-founder and CTO at Walor.io.
With the acquisition completed, Ziik is now proud to welcome Frederik Binow and Nikulás Óskarsson to the team. Walor.io continues as an independent entity under the name ’Walor by Ziik’, and the two solutions are already fully integrated. There is strong demand for the combined solution, which makes it easy for companies to offer their employees an accessible and user-friendly whistleblowing system. With the addition of Walor.io’s successful team, Ziik is ready to accelerate its growth and expand internationally.
“Working with all parties has been a rewarding experience, and the alignment between Walor.io and Ziik is striking, both in terms of business synergies and cultural fit. This partnership represents a valuable opportunity to establish a profitable leader in the European market,” says Poul Kotiah Hansen, Founder and Managing Director at KPH 31.
The Co-founder and CEO at Walor.io, Frederik Binow, comments that “I was impressed with how quickly Poul found the perfect buyer, managing the process with agility and ensuring the key aspects of the business were effectively communicated to the right audience.”
To read more about the transaction on TechSavvy click here.
About Walor.io
Walor.io is a web-based whistleblowing solution. Walor.io offers a ‘one-click-to-become-compliant’ whistleblowing solution to any organization, initially targeting SMEs in the EU due to new regulation (DIRECTIVE 2019/1937).
About Ziik
Reinventing the intranet, Ziik is the all-in-one internal communication and information sharing platform for better employee engagement. Designed for companies of all sizes, Ziik adapts to the structure of your organisation, giving the right people the right information. We put manuals, documents, news feeds, training videos and much more at your employees’ fingertips – all in one single platform.
About KPH 31
KPH 31 is a boutique corporate finance advisory firm specializing in technology companies. With EUR +500 million in completed transaction value we bring a strong network of strategic and financial buyers, as well as venture and growth investors. Drawing on +10 years of experience in the tech sector, we drive value-creating transactions through expert advisory combining strategic, operational and financial capabilities with skilled deal negotiation.
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