Duett AS
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Duett AS - overview
Established
1982
Location
-, -, Norway
Primary Industry
Software
About
Duett AS is a Norwegian technology company specializing in innovative software solutions tailored for the accounting industry, enhancing operational efficiency for small to medium-sized enterprises (SMBs). Duett AS provides software solutions specifically for the accounting sector, focusing on automation and workflow efficiency. Established in 1982 in Norway, it has undergone strategic pivots to adapt to market needs. The company is led by CEO Semih Daloglu and has raised a total of USD 27.
29 mn over three funding rounds, with the most recent investment targeting the growth of its software offerings. Duett AS offers a comprehensive suite of software solutions primarily designed for the accounting industry and small to medium-sized enterprises (SMBs). These include Duett Økonomi, a cloud-based accounting program that emphasizes automation to enhance workflow efficiency, and Taskline, a system focused on assignment management and quality assurance in the cloud. Duett Prosjekt caters to the construction and engineering sectors by facilitating project management and documentation.
The company serves a diverse client base across agriculture, healthcare, transport, and trade, supporting seamless collaboration between accountants and their clients in Norway and other Scandinavian markets. In 2023, Duett AS reported a revenue of USD 27. 29 mn and an EBITDA of USD 4. 04 mn.
The company operates on a subscription-based model, providing clients with access to its software solutions through various pricing plans designed for scalability and flexibility. Duett AS plans to leverage its recent acquisition by Procuritas Partners to expand its product offerings and enhance market reach. The company is currently developing new features for its existing platforms, with specific plans to launch updates by the end of 2024. Additionally, Duett AS aims to enter new geographic markets across Europe, targeting Germany and Sweden for expansion within the next two years.
The funding from Procuritas will facilitate these initiatives, aimed at increasing the company's footprint in the software solutions market.
Current Investors
Procuritas
Primary Industry
Software
Sub Industries
Accounting/Finance Software, Systems Management Software
Website
www.duett.no
Verticals
Big Data, Cloud Computing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Duett 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Traede ApS | - | ||||||||
| Buyout | Completed | Duett AS | - | ||||||||
| Private Debt | Completed | Duett AS | - | ||||||||
| Buyout | Completed | Duett AS | - |
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