Kabal AS
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Kabal AS - overview
Established
2011
Location
Stavanger, -, Norway
Primary Industry
Software
About
Founded in 2011, and based in Stavanger, Norway, Kabal AS, formerly Wellit AS, operates as a software company that offers logistic management software. The company was founded by its CEO, Jan Inge Pedersen. In January 2019, Norvestor Equity agreed to invest in Wellit AS. As of 2023, the company has offices in Stavanger, Houston, Aberdeen, Rio, Kuala Lumpur, Abu Dhabi, and Klaipéda.
The company develops and offers WELS, a logistics management software for the energy sector that allows users to plan, manage, and track cargo movements, as well as plan and report vessel activities, control third-party supplier inventory management, and analyze operational performance using big data analytics and artificial intelligence. The company’s integration-based software is used by oil service, rig, maritime, and supply base vendors and operators such as BP, ConocoPhillips, Equinor, Shell, Repsol, Total, AkerBP.
Current Investors
Norvestor
Primary Industry
Software
Sub Industries
Logistics Software, Application Integration Software, Analytics & Performance Software
Website
www.kabal.com
Verticals
Artificial Intelligence, Big Data, Cloud Computing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Kabal 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 | IronSight | - | ||||||||
| Secondary Buyout | Completed | Kabal AS | - | ||||||||
| Growth | Completed | Kabal AS | - |
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