M-Brain Group

M-Brain Group is a global information, technology and consulting services company offering market and media monitoring, intelligence and analysis services and solutions. M-Brain is the biggest company in its field in the Nordic Countries and among the six largest firms in Europe.[4]

M-Brain Group
TypeLimited Company
IndustryMedia Monitoring and Analysis, Market Intelligence and Analysis, Competitive Intelligence
Founded1999 (1999)
FounderMarjukka Nyberg and Kim Nyberg
Headquarters
Helsinki
,
Finland
Area served
Worldwide
Key people
Mikael Makkonen (CEO), Joakim Nyberg (CSO), Stuart Reynish (CPO), Kimmo Valtonen (CTO)[1][2]
ProductsMedia Intelligence, Competitive and Market Intelligence, Intelligence Software, Advisory
ServicesMedia (News, Social, Editorial) Monitoring, Media Analysis, Market Monitoring, Market Intelligence, Market Analysis, Competitive Intelligence, Strategic Analysis & Advisory
Revenue€30.3 million (in 2015)[3]
Number of employees
390
Websitewww.m-brain.com

M-Brain has offices in 14 countries/territories: Finland, the United States, Canada, Brazil, the United Kingdom, Russia, Germany, France, Sweden, Norway, Estonia, Singapore, China and Malaysia.[5]

In 2014, the company employed about 450 full-time employees and had around 1,500 clients globally.[6] Since 2011, M-Brain has expanded and internationalised its operations through acquisitions.[4]

M-Brain in owned by Ysma Oy (the founding Nyberg family), Ingman Development Oy Ab, Veritas Pension Insurance, Aloitusrahasto Vera Oy, Ilmarinen Mutual Pension Insurance Company, Oy My Holding & Consulting Ab and the company's management.[6]

History

1999: The company's long-time CEO Marjukka Nyberg founded M-Brain in 1999. Initially, the company focused on print media analysis and measurement services, but the service offering was expanded to cover social and editorial online media, as well as the monitoring and analysis of television and radio broadcasts.[7]

2001: M-Brain launched its first digital media monitoring service, which allowed the company to start offering multilingual online monitoring services.[7]

2006: M-Brain secured its first outside investor, when the state-owned venture capital investment firm Veraventure Oy acquired a minority interest in the company.[7]

2007: Kimmo Valtonen was appointed M-Brain's CTO. His responsibilities include R&D.[7]

2011: During 2011, M-Brain attracted new investors, as Veritas Pension Insurance and Oy Ingman Finance Ab invested in the company.[8] This enabled M-Brain to acquire its Swedish competitor Cision AB's Finnish subsidiary Oy Cision Finland Ab.[7] Through this acquisition, M-Brain more than doubled its revenue and number of employees.[7]

2012: In 2012, M-Brain made another acquisition by buying Esmerk, which provides business intelligence management services.[4] Through this acquisition, M-Brain became the biggest company in its field in the Nordic countries and among the six largest firms in Europe.[4] In December 2012, M-Brain launched a new SaaS tool, M-Adaptive, which enables the monitoring and analysis of the impact and results of media and marketing campaigns in digital, social and print media.[9]

2013: Previously M-Brain operated under the Esmerk brand outside of Finland. As of 1 January 2013, the company has operated under the M-Brain brand in all countries.[10] In July 2013, M-Brain made the acquisition of Whitevector, a social media monitoring company in Finland.

2014: On September 4, 2014 M-Brain Oy signed an agreement to purchase the entire share capital of GIA (Global Intelligence Alliance) Group. The combined group offers market intelligence and consulting services bringing GIA's strategic analysis and advisory, market intelligence and related software solutions together with M-Brain's content production and SaaS solutions. Together, the companies have offices in 12 countries. The combined staff amounted to ~450 employees globally.[11]

2016: On April 6, 2016 M-Brain expanded its operations through the acquisition of Norwegian media monitoring and analysis company Opoint Holding. The acquisition included Opoint's three subsidiaries in Norway, Sweden and Estonia. The transaction supports M-Brains strategic goal to further strengthen the company's position in the industry and become the leading company in its field in the Nordic and Baltic countries. The media material handling technology developed by Opoint complements M-Brain's technology.[5]

Services

M-Brain offers 4 distinct service and solution types.

Media & Market Monitoring Customized alerts, monitoring and tracking of clients' markets, publicity, customers and competitors. These are delivered as a service or via proprietary DIY software.

Strategic Analysis & Advisory Analysis, insight and advisory services. These consulting services include: Growth Consulting; Market Attractiveness & Entry Analysis; M&A Target Screening & Evaluation; Commercial Due Diligence; Market Sizing, Segmentation & Forecasting; Value Chain Analysis; Competitor Market Share Analysis; Competitive Benchmarking; Customer Behavior & Perceptions Analysis; etc.

Intelligence Best Practices Consulting services and events to support the development of world class market intelligence within client organizations.

Intelligence & Media Monitoring Software Intelligence and media monitoring solutions offered primarily on a SaaS basis. The software solutions offer collaboration, knowledge sharing, analysis and alert features.

Technology

M-Brain's media monitoring services are based on in-house R&D and proprietary technology.

Problems and controversy

CEO turnover

During the 2012 to 2016 period, M-Brain has experienced problematic turnover with two CEOs either resigning or being removed from the company due to various internal issues. In the case of Sirpa Ojala, who joined the company as CEO on March 16, 2015,[12] the company announced on October 6, 2015 (7 months after she joined) that it was "mutually agreed" that she should leave the company.[13]

On December 4, 2019 M-Brain Group announced that Christian Cedercreutz, who had been the CEO for sixteen months, was leaving. His replacement is Mikael Makkonen, who was the M-Brain group COO.[1]

CFO turnover

During the 2012 to 2016 period, M-Brain has experienced problematic turnover with 2 CFOs either resigning or being removed from the company due to various internal issues and conflicts. In the case of Janne Kärkkäinen, who was appointed as CFO on January 1, 2015 and resigned from M-brain to assume a CFO role at Nixu Corporation in January 2016. The Nixu Corporation press release was issued on December 2, 2015, indicating Mr. Kärkkäinen resigned earlier in 2015.[14]

Staff turnover

The company has experienced heavy turnover of staff in recent years. On June 20, 2016 the company announced that 24 employees were being terminated. The company also stated in the press release that further terminations were expected in late 2016.[15]

References
  1. Makkonen, Mikael (4 December 2019). "M-Brain appoints new CEO". M-Brain Group. Retrieved 4 December 2019.
  2. "M-Brain Group Management". M-Brain Group. Retrieved 4 December 2019.
  3. "M-Brain Oy Financial Statement 2015". Globe Newswire. 4 March 2016. Retrieved 1 September 2016.
  4. "Kauppalehti: Tietoyhtiö M-Brain osti Esmerkin Sanomalta".
  5. "M-Brain acquires Norwegian media intelligence company Opoint".
  6. "M-Brain: Company Facts". Archived from the original on 2013-03-02.
  7. "M-Brain's history". Archived from the original on 2013-03-02.
  8. "Veritas Eläkevakuutus ja Ingman Finance Oy sijoittivat M-Brainiin".
  9. "Kauppalehti: Seurantayritys M-Brain tähtää kasvuun ulkomailla".
  10. "M-Brain Group to Adopt Unified Brand in All Markets". Archived from the original on 2013-01-18.
  11. "Reuters: M-Brain Acquires Global Intelligence Alliance".
  12. "Sirpa Ojala Appointed CEO of M-Brain". Globe Newswire. 13 March 2015. Retrieved 13 August 2016.
  13. "M-Brain's CEO Leaves the Company". Globe Newswire. 6 October 2015. Retrieved 13 August 2016.
  14. "NIXUN JOHTORYHMÄÄN KANSAINVÄLISEN TALOUSHALLINNON OSAAMISTA". Globe Newswire. 2 December 2015. Retrieved 1 September 2016.
  15. "M-Brain Group's Co-operation Negotiations in Finland Ended". Globe Newswire. 20 June 2016. Retrieved 13 August 2016.
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