This major investment program enables product development and international growth for the Joensuu-based company. The company’s technology will be taken to a new level through an investment project that has already started, and the recruitment of about 20 persons.
Process Genius has started to develop a new technology platform. Genius Core™ is a new version of the 3D digital twin already in use in around 60 companies, and it will be launched on the platform by the end of the year. Genius Core collects existing company data in an easy-to-understand format and creates a real-time snapshot of the company’s overall situation. Among the benefits of this are that management and production can be improved.
The new platform enables companies to further intensify their focus on customization and configuration. This enables better scaling through the partner, and more profitable growth opportunities for the partner’s business as well.
Process Genius needs more personnel for the development work, and recruitment will begin during the spring. “Part of our best in-house expertise will be transferred to the product development team, and the new recruits will complement both the new development team as well as filling vacancies created by the restructuring of our other teams,” explains Chief Technology Officer Matti Ilvonen.
Process Genius’ “factory in your pocket” is already revolutionizing work for tens of thousands of people
Process Genius’ solution will help process industry companies to refine their data into an easily accessible and understandable form, creating factory-specific savings of up to a million euros annually, says CEO Jani Akkila. The factory-level digital twin makes it easy to quickly target where events are to take place, such as directing safety announcements to the intended area. Stora Enso makes wide-ranging use of the Genius Core software’s visual presentation of information for management of maintenance, including proactive maintenance and production line performance management.
In addition to product development, Process Genius’ internationalization is also gaining new momentum with the investment. The financing consists of the company’s own financing, support from the owners, and a product development loan of approximately 2 M€ from Business Finland.
This significant investment enables Process Genius to expand into Central Europe. In May 2023 the company is establishing a German subsidiary, Process Genius GmbH. Building up a partner network in North America and Asia over the next few years is also part of the plan, Akkila says.
Process Genius Oy:
- Turnover in the financial period soon ending approximately EUR 2.1 million
- 34 employees
- Stable and profitable growth
- The investment makes it possible to boost growth considerably.
- Headquarters in Joensuu, eastern Finland. Personnel all over Finland and a new office opening in May 2023 in Baden-Württemberg, southwest Germany.
More information: CEO Jani Akkila, jani.akkila@processgenius.fi, p. 0400 362 024