Veraventure Oy and a group of business angels have made a capital investment in MHG Systems Ltd that produces bioenergy ERP systems.

 

"MHG's ERP systems allow cost and environmental savings in hard-to-manage supply chains of biomass-based fuels. Their services allow open and transparent supply chains for pellet, bioelectricity, bioheat, bioethanol and biodiesel production – with features that are becoming international requirements, such as accurate tracking of origin and CO2. Furthermore, the company's technical solutions and its business model allow it to provide extensive services for global markets and to rapidly extend its partner network. This creates interesting opportunities for investors", says manager Matti Eskelinen from Veraventure Oy.

"The investment made by Veraventure and other investors will speed up the commercialisation of MHG's ERP solution in selected and rapidly growing target markets. The solution is already available in 13 languages. In addition to money, the new investors will also bring about new business knowhow, which is required especially for achieving rapid international growth", explains the Managing Director of MHG Systems Seppo Huurinainen with satisfaction in his voice.

 

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More information
For more information about this press release:
General Manager Seppo Huurinainen, tel: +358 44 581 4950
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Manager Matti Eskelinen, tel: +358 20 460 3984
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MHG Bioenergy ERP
The MHG Bioenergy ERP service is a true operative tool, designed for electricity, heating, pellets, forest industry and forest service companies. It can be used via web browser or mobile devices. It is a specific bioenergy sector ERP system and map service solution, which provides valuable information for developing one's business operations. Bioenergy ERP allows the use of new, particularly contract-based, and empowering operational models. The superior features of the service include transparency throughout the delivery chain, managing the moisture content of bioenergy masses, reporting features based on the amount of energy, i.e. megawatt hours, and accounts and invoicing.

MHG Systems Ltd
MHG Systems Ltd is one of the world's leading suppliers of bioenergy ERP systems. The company utilises its partner network to produce customer-oriented IT and map service solutions designed for developing bioenergy, and field work business operations. MHG ERP synthesizes mobile communications, the Internet, real-time maps, satellite-based location information, RFID, and CO2 monitoring into one business-enhancing service, and allows the use of new and empowering operational models, accurate cost monitoring and real-time enterprise resource planning of biomasses and delivery chains. The company’s services bring significant cost savings and environmental benefits to all operators in the bioheat, bioelectricity, and biofuel production chain.

Through many years of development work MHG Systems has together with our customers and partners, created a Service concept. It combines best practices, modern technology and mobile solutions into one business-enhancing service. MHG Systems' services allow companies to verify the social and environmental responsibility of their operations, as the origin of biomasses, energy content, carbon dioxide emissions, and costs and profits can be reliably proven.
MHG Bioenergy ERP Service helps customer companies to boost their business operations.

Contact information
MHG Systems Ltd
Mikpoli, Patteristonkatu 2
FIN-50100 Mikkeli

Tel: +358 (0)10 400 6280
Fax: +358 (0)10 400 6289
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Internet: http://www.mhgsystems.com/

Veraventure Ltd

Veraventure is a venture capital investment company serving as the hub for public early-stage venture capital investments. Veraventure makes direct investments in early-stage innovative enterprises through Seed Fund Vera Ltd, a company under its management. Veraventure also develops regional venture capital investment activities. In addition, the company manages a business angel network known under the name of InvestorExtra.
Internet: http://www.veraventure.fi/