noris network AG
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
noris network AG - overview
Established
1993
Location
Nuremberg, -, Germany
Primary Industry
Outsourcing
About
noris network AG specializes in IT services, providing tailored solutions including outsourcing, managed services, and cloud solutions to ensure organizations have scalable and reliable IT resources. Founded in 1993 in Nuremberg, Germany, noris network AG offers a range of IT services. The company has not undergone notable pivots in its strategy and does not have any reported subsidiaries. The founder, Joachim Astel, has a history in the tech industry, and the current CEO is Ingo K.
In October 2010, noris network AG secured Growth VC financing from BayBG, with the financial terms undisclosed. noris network AG specializes in providing a comprehensive range of IT services, including IT outsourcing, managed services, cloud services, and colocation solutions. Their core offerings cater to businesses of various sizes, ensuring scalability and reliability across different IT operations. The company's services support enterprise-level IT infrastructures, encompassing areas such as ERP, CRM, collaboration platforms, and industry-specific needs like banking solutions.
With a strong emphasis on security and compliance, noris network ensures that all services are delivered through high-security data centers located in Germany, adhering to GDPR regulations. The company primarily serves clients in the finance sector, public sector organizations, and various enterprises looking for secure and efficient IT infrastructure solutions, extending their reach into markets across Europe and beyond. In 2023, noris network AG generated revenue of EUR 161,634,933. 70, with an EBITDA of EUR 49,883,503.
80 for the same year. Their revenue model is based on B2B partnerships and direct service agreements, typically provided on a subscription basis or through customized contracts, which allows businesses to tailor solutions to their specific needs. noris network AG aims to develop new products designed to enhance their managed services and cloud offerings, though specific release dates have not been disclosed. The company is also exploring opportunities for expansion into additional European markets to broaden their client base by 2025.
The funding secured in October 2010 from Growth VC financing will support these initiatives by enhancing their service capabilities and market outreach.
Current Investors
BayBG
Primary Industry
Outsourcing
Sub Industries
Offshore IT Services/IT Outsourcing
Website
www.noris.de
Company Stage
Growth Stage/Expansion
Total Amount Raised
Subscriber access only
noris network AG - 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 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | - | - | - | - | - | 67,730,327.4 | 76,920,087.5 | 87,892,836.3 | 103,524,777 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | - | - | 13.6% | 14.3% | 17.8% | - | - | - |
| EBITDA (USD) | 6,376,696.1 | 4,671,371 | 4,204,244.8 | 6,230,639.1 | 6,979,466.3 | 8,316,011.3 | 13,863,213.5 | 21,706,250.6 | 21,395,480.2 | 22,771,092.9 | 29,222,982.7 | - | - | - |
| Operating Income (USD) | 4,318,167.5 | 2,523,331.7 | 1,622,938.5 | 3,402,471 | 3,730,029 | 4,368,938.9 | 8,889,233.2 | 13,846,735.8 | 11,418,320.6 | 11,871,823.1 | 18,040,987.8 | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | 20.4% | 14.8% | 13.5% | 17.4% | - | - | - |
| % EBITDA Margin | - | - | - | - | - | - | - | 32.0% | 27.8% | 25.9% | 28.2% | - | - | - |
| NET Income (USD) | 2,609,132.2 | 1,424,608 | 701,495.9 | 1,950,123.8 | 2,206,746.2 | 2,152,124.3 | 4,841,569 | 8,574,624.3 | 6,587,738.7 | 6,155,869.8 | 10,490,788.6 | - | - | - |
| % Net Margin | - | - | - | - | - | - | - | 12.7% | 8.6% | 7.0% | 10.1% | - | - | - |
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.