Sysco AS
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Sysco AS - overview
Established
2004
Location
-, -, Norway
Primary Industry
Software
About
Based in Norway, Sysco AS specializes in providing innovative software and operational solutions for the energy sector, focusing on cloud services and enhancing sustainability within client operations. Sysco AS, founded in 2004 and headquartered in Norway, operates in the energy sector, providing software and cloud solutions. In August 2021, Sysco merged with Cegal AS, a strategic move aimed at expanding its service offerings. The company has successfully completed 2 deals to date.
Sysco AS delivers comprehensive cloud operations and software solutions tailored for the energy sector, enhancing operational efficiency and sustainability. Its offerings include cloud migration services and specialized software like EnergyX, optimizing performance and minimizing costs for clients in oil, gas, power, and renewable industries throughout Europe and North America. In the most recent year, Sysco AS reported a revenue of USD 44. 21 mn and an EBITDA of USD 224,504.
8, generated through a combination of subscription-based models and direct service agreements with its clients in the energy sector. Sysco AS aims to innovate further by expanding its product lineup, including upcoming releases designed to enhance cloud services efficiency. The company plans to target new markets in Europe and North America by 2023. The merger with Cegal AS in August 2021 will support these initiatives by providing additional resources and expertise in the energy sector.
Current Investors
Sysco AS/Cegal AS
Primary Industry
Software
Sub Industries
Consulting Services, Education & Training Services, Accounting/Finance Software, Systems Management Software
Website
www.sysco.no
Verticals
Cloud Computing
Company Stage
Merged
Total Amount Raised
Subscriber access only
Sysco AS - timeline of key events
Sysco AS - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 46,724,966 | 75,130,735 | 105,316,394 | 121,195,145 | 143,616,013 | 161,770,260 | 188,043,942 | 286,796,825 | 282,507,889 | - | - | - |
| % Revenue Growth (YoY) | - | 60.8% | 40.2% | 15.1% | 18.5% | 12.6% | 16.2% | 52.5% | (1.5%) | - | - | - |
| EBITDA (USD) | 5,698,164 | 10,287,373 | 9,508,730 | 13,334,430 | 17,203,582 | 25,060,403 | 27,836,328 | 28,950,938 | 33,204,070 | - | - | - |
| Operating Income (USD) | 5,038,745 | 9,594,944 | 8,705,887 | 9,308,122 | 9,888,544 | 16,234,204 | 17,675,883 | 16,345,996 | 23,100,976 | - | - | - |
| Operating Margin | 10.8% | 12.8% | 8.3% | 7.7% | 6.9% | 10.0% | 9.4% | 5.7% | 8.2% | - | - | - |
| % EBITDA Margin | 12.2% | 13.7% | 9.0% | 11.0% | 12.0% | 15.5% | 14.8% | 10.1% | 11.8% | - | - | - |
| NET Income (USD) | 3,782,695 | 6,910,206 | 6,032,006 | 6,849,567 | 6,325,935 | 11,111,628 | 11,981,637 | 10,903,312 | 17,907,513 | - | - | - |
| % Net Margin | 8.1% | 9.2% | 5.7% | 5.7% | 4.4% | 6.9% | 6.4% | 3.8% | 6.3% | - | - | - |
Sysco AS - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Merger | Completed | Cegal AS, Sysco AS | - | ||||||||
| Add-on | Announced | SQL Service Nordic AB | - | ||||||||
| Buyout | Completed | Sysco AS | - |
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Sysco AS - employee data
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