Forse .NET AS
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Forse .NET AS - overview
Established
2010
Location
Lysaker, -, Norway
Primary Industry
Business Support Services
About
Founded in 2010 and based in Lysaker, Norway, Forse . NET AS operates as a provider of IT consulting services focused on Microsoft, . NET and mobile development solutions. As of 2024, the company is led by its CEO, Terje Andersen.
In January 2024, Driv Kapital acquired Forse . NET AS. The company provides a portfolio of solutions, including iOS or Android development, frontend design, backend systems, or full-stack solutions. The firm serves as advisers, partners, and hands-on practitioners with extensive experience across various industries and sectors.
Current Investors
Driv Kapital
Primary Industry
Business Support Services
Sub Industries
Consulting Services, Offshore IT Services/IT Outsourcing, Web Development
Website
www.forse.no/
Verticals
Mobile Apps
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Forse .NET AS - timeline of key events
Forse .NET AS - financials
| Fiscal Year Ended | 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 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 25,990,566 | 30,279,389 | 33,872,377 | 42,691,952 | 49,984,827 | 57,251,322 | 55,629,783 | 56,936,800 | 61,074,268 | - | - | - |
| % Revenue Growth (YoY) | - | 16.5% | 11.9% | 26.0% | 17.1% | 14.5% | (2.8%) | 2.3% | 7.3% | - | - | - |
| EBITDA (USD) | 4,641,685 | 5,365,399 | 6,134,971 | 7,602,855 | 951,113 | 11,327,248 | 10,925,042 | 11,131,535 | 10,925,054 | - | - | - |
| Operating Income (USD) | 4,507,449 | 5,230,181 | 6,014,687 | 7,444,040 | 768,764 | 11,088,597 | 10,706,575 | 10,883,693 | 10,617,937 | - | - | - |
| Operating Margin | 17.3% | 17.3% | 17.8% | 17.4% | 1.5% | 19.4% | 19.2% | 19.1% | 17.4% | - | - | - |
| % EBITDA Margin | 17.9% | 17.7% | 18.1% | 17.8% | 1.9% | 19.8% | 19.6% | 19.6% | 17.9% | - | - | - |
| NET Income (USD) | 3,282,827 | 3,706,629 | 4,486,891 | 633,484 | 7,527,884 | 8,640,375 | 8,264,590 | 8,526,114 | 8,288,800 | - | - | - |
| % Net Margin | 12.6% | 12.2% | 13.2% | 1.5% | 15.1% | 15.1% | 14.9% | 15.0% | 13.6% | - | - | - |
Forse .NET 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Forse .NET AS | - |
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Forse .NET AS - employee data
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