Norstat AS
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Norstat AS - overview
Established
1997
Location
Oslo, -, Norway
Primary Industry
Business Support Services
About
Norstat AS, based in Norway, functions as a leading data collection and analytics provider, delivering insights that enable businesses to make informed decisions and enhance operational efficiency. Founded in 1997 in Oslo, Norway, Norstat AS specializes in data collection and analytics solutions. The company has undergone strategic growth phases, recently securing a majority stake acquisition by Nalka Invest and Kirk Kapital in April 2024, further strengthening its market position. Norstat's management includes CEO Johnny Jensen, alongside founders Mohamed Khalifa and Torje Rørvik.
The firm has successfully completed three significant deals since its inception, with the most recent deal occurring in April 2024. Norstat AS offers innovative technology solutions designed to enhance operational efficiency across various sectors. Its core offerings include an advanced software platform for data analytics, project management tools, and customer relationship management systems, specifically targeting resource allocation, performance tracking, and client engagement. The platform has been operational for three years and serves a diverse clientele, including mid-sized enterprises and large corporations in finance, healthcare, and logistics, with a focus on the North American and European markets.
In the most recent fiscal year 2023, Norstat AS reported revenues of NOK 130,329. 6 and an EBITDA of NOK -2,238,920. 2. The company's revenue model is subscription-based, allowing clients to access its software solutions through tiered pricing plans that promote scalability.
The flagship product, recognized for its data visualization capabilities, is pivotal in driving customer retention and satisfaction. Norstat AS aims to accelerate its growth trajectory following a recent acquisition. Upcoming initiatives include the launch of new features within its software platform and an expansion into additional markets. The company is particularly targeting regions in North America and Europe for its growth.
The recent funding, amounting to NOK 148. 000 mn, will be pivotal in supporting these strategic objectives and enhancing the company's development.
Current Investors
Triton, Verdane, Foinco Family Office
Primary Industry
Business Support Services
Sub Industries
Business Support Services, Market Research & Consulting
Website
www.norstatgroup.com
Verticals
Research (Non-Medical)
Total Amount Raised
Subscriber access only
Norstat 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 | Demo SCOPE AG | - | ||||||||
| Add-on | Completed | National Sample s.r.o. | - | ||||||||
| Add-on | Completed | Offerwise | - | ||||||||
| Add-on | Completed | Sample Solutions BV | - | ||||||||
| Add-on | Completed | PFM Research i Sverige AB | - |
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