Orbyt AS
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Orbyt AS - overview
Established
2009
Location
Kristiansand, -, Norway
Primary Industry
Software
About
Based in Norway, Orbyt AS offers a comprehensive Software-as-a-Service (SaaS) platform that enhances invoice distribution and payment processes, catering primarily to enterprises with extensive customer bases. Orbyt AS, founded in 2009, operates from Kristiansand, Norway, providing innovative solutions for invoice management and payment initiation. The company was acquired by AnaCap Financial Partners in June 2022, which signifies a strategic pivot towards strengthening its market presence in tech-enabled financial services. The current CEO, Rune Lobersli, leads the company, which has completed a singular significant deal since its inception.
Orbyt specializes in an integrated SaaS platform that streamlines multi-channel invoice distribution and payment initiation. Its offerings include digital invoicing, customer onboarding solutions, and payment processing, designed for enterprises experiencing high transaction volumes. The platform supports sectors like financial services, utilities, and telecommunications, enabling clients to minimize operational costs and environmental impact through digitization. Its capabilities include extensive CRM and ERP integrations, ensuring real-time visibility and user-friendly experiences.
In the most recent fiscal year of 2023, Orbyt reported a revenue of USD 27. 88 mn and an EBITDA of USD 3. 99 mn, indicating a stable financial foundation supported by its subscription-based model for its SaaS solutions. Orbyt plans to leverage recent funding to enhance its product offerings and expand its footprint across Europe.
The investment will facilitate the development of new products specifically designed to meet evolving market demands, although specific release dates are not specified. Additionally, the company aims to enter new markets, particularly targeting regions with a high concentration of enterprise clients, to further bolster its customer base and service capabilities.
Primary Industry
Software
Sub Industries
e-Financial, Accounting/Finance Software, Analytics & Performance Software, Sales & Marketing Software
Website
www.orbyt.tech/
Verticals
Cloud Computing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Orbyt AS - timeline of key events
Orbyt AS - financials
| Fiscal Year Ended | 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 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 6,605,593 | 19,920,649 | 45,707,438 | 81,000,550 | 113,020,375 | 127,990,194 | 136,462,792 | 145,198,529 | 164,707,803 | 221,725,369 | - | - | - |
| % Revenue Growth (YoY) | - | 201.6% | 129.4% | 77.2% | 39.5% | 13.2% | 6.6% | 6.4% | 13.4% | 34.6% | - | - | - |
| EBITDA (USD) | 3,629,771 | (2,166,261) | 2,417,869 | 14,360,284 | 34,313,072 | 35,141,037 | 38,982,775 | 43,139,289 | 45,230,889 | 51,923,286 | - | - | - |
| Operating Income (USD) | 3,500,771 | (3,761,269) | 710,869 | 12,017,528 | 31,526,072 | 31,874,250 | 35,227,348 | 38,831,289 | 40,746,887 | 47,065,857 | - | - | - |
| Operating Margin | 53.0% | (18.9%) | 1.6% | 14.8% | 27.9% | 24.9% | 25.8% | 26.7% | 24.7% | 21.2% | - | - | - |
| % EBITDA Margin | 54.9% | (10.9%) | 5.3% | 17.7% | 30.4% | 27.5% | 28.6% | 29.7% | 27.5% | 23.4% | - | - | - |
| NET Income (USD) | 2,997,710 | (1,385,413) | (60,571) | 8,859,634 | 23,659,992 | 24,514,817 | 26,951,319 | 30,196,959 | 31,271,218 | 35,572,911 | - | - | - |
| % Net Margin | 45.4% | (7.0%) | (0.1%) | 10.9% | 20.9% | 19.2% | 19.7% | 20.8% | 19.0% | 16.0% | - | - | - |
Orbyt 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, Spin-Off | Completed | Telia Talous | - | ||||||||
| Secondary Buyout, Spin-Off | Completed | Orbyt AS | - |
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Orbyt AS - employee data
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