Omega AS
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Omega AS - overview
Established
1984
Location
-, -, Norway
Primary Industry
Oil & Gas
About
Omega AS is a Norwegian company specializing in software solutions and consulting services that enhance project performance across various sectors, including energy and infrastructure. Founded in 1984, Omega AS operates from its headquarters in Norway, focusing on providing project management and consulting solutions. Leonard Kostaszek and Tressa Albert currently lead the company as CEO. Omega AS has remained consistent in its business strategy, without any significant pivots or changes in operations.
Omega 365 specializes in enhancing project performance through a comprehensive suite of software solutions and consulting services tailored for industries such as energy, infrastructure, and technology. Their primary offerings include a cohesive Software as a Service (SaaS) platform for project and asset management, which integrates artificial intelligence to improve risk management and document flow, thereby streamlining operations and reducing project execution risks. This platform is designed for organizations managing complex construction projects, providing them with data-driven insights and tools necessary for more predictable and efficient project execution. Omega 365 serves a diverse clientele, including major players in the oil and gas, energy sectors, and various engineering firms across global markets, particularly in North America, Europe, and the Middle East.
In 2023, Omega AS reported a revenue of USD 301. 13 mn, with an EBITDA of USD 18. 94 mn. The company generates revenue primarily through subscription-based models for its software solutions, alongside consulting services offered to various enterprises.
Clients typically engage with the company under long-term contracts, which include tiered subscription plans that scale according to the size and complexity of the projects being managed. These plans encompass access to flagship products, such as their Digital Twin solution, which provides a comprehensive digital representation of assets. The company's transaction structure is fundamentally B2B, reflecting a focus on partnerships with large organizations rather than direct consumer sales. This model allows for predictable revenue streams as clients renew contracts and expand their use of Omega 365's technology and consulting expertise.
Omega AS is focused on developing new products and expanding its services into new geographic markets. The company is in the process of designing innovative software solutions aimed at improving project management efficiencies, with anticipated releases slated for late 2024. They are targeting growth in regions such as Asia-Pacific and South America, planning to establish a foothold by 2025. The recent funding will support these initiatives by enhancing product development capabilities and facilitating market entry strategies.
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas
Website
www.omega.no
Total Amount Raised
Subscriber access only
Omega AS - timeline of key events
Omega AS - 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 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 842,600,532 | 1,030,414,494 | 1,287,827,362 | 1,558,226,528 | 1,566,011,326 | 1,551,493,353 | 1,199,531,262 | 1,210,556,613 | 1,421,055,657 | 1,872,810,663 | 1,853,665,262 | 2,066,940,513 | 2,499,309,309 | - | - | - |
| % Revenue Growth (YoY) | - | 22.3% | 25.0% | 21.0% | 0.5% | (0.9%) | (22.7%) | 0.9% | 17.4% | 31.8% | (1.0%) | 11.5% | 20.9% | - | - | - |
| EBITDA (USD) | 53,169,050 | 59,277,034 | 64,969,037 | 93,394,920 | 80,642,830 | 50,588,830 | 33,160,844 | 67,436,013 | 81,267,243 | 110,244,382 | 134,263,617 | 143,591,123 | 118,904,318 | - | - | - |
| Operating Income (USD) | 49,044,934 | 53,867,666 | 59,429,918 | 87,572,093 | 73,868,326 | 37,423,235 | 20,546,097 | 56,624,486 | 68,540,185 | 96,815,790 | 126,634,501 | 135,819,542 | 109,070,902 | - | - | - |
| Operating Margin | 5.8% | 5.2% | 4.6% | 5.6% | 4.7% | 2.4% | 1.7% | 4.7% | 4.8% | 5.2% | 6.8% | 6.6% | 4.4% | - | - | - |
| % EBITDA Margin | 6.3% | 5.8% | 5.0% | 6.0% | 5.1% | 3.3% | 2.8% | 5.6% | 5.7% | 5.9% | 7.2% | 6.9% | 4.8% | - | - | - |
| NET Income (USD) | 35,408,046 | 38,713,914 | 41,135,929 | 59,893,303 | 58,861,290 | 22,511,144 | 416,154 | 31,930,538 | 47,289,341 | 65,105,978 | 93,696,756 | 129,253,625 | 82,143,262 | - | - | - |
| % Net Margin | 4.2% | 3.8% | 3.2% | 3.8% | 3.8% | 1.5% | 0.0% | 2.6% | 3.3% | 3.5% | 5.1% | 6.3% | 3.3% | - | - | - |
Omega AS - employee data
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