Palette Software AB
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Palette Software AB - overview
Established
1993
Location
Stockholm, -, Sweden
Primary Industry
Software
About
Based in Stockholm, Sweden, and founded in 1993, Palette Software is an Accounts Payable automation (AP Automation) software. The company has 120 employees and has offices in the United States and the Nordics with more than 1,500 customers predominantly in Sweden and Finland. In 2015, Palette Software was acquired by Monterro. In June 2021, the company was acquired by Altor.
The firm offers to streamline and automate the processing of incoming invoices, contracts, purchase orders, spend management, and expenses, allowing clients to reduce cost and increase efficiency, control, and productivity. Through the investment, the company will accelerate its international growth.
Current Investors
Altor
Primary Industry
Software
Sub Industries
Systems Management Software, Accounting/Finance Software
Website
www.palettesoftware.com
Verticals
FinTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
Palette Software AB - timeline of key events
Palette Software AB - financials
| Fiscal Year Ended | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 80,697,000 | 75,258,000 | 80,196,000 | 92,052,000 | 110,198,000 | 138,321,000 | 163,619,000 | 182,228,000 | 214,001,000 | 214,048,000 | 234,177,000 | - | - | - |
| % Revenue Growth (YoY) | - | (6.7%) | 6.6% | 14.8% | 19.7% | 25.5% | 18.3% | 11.4% | 17.4% | 0.0% | 9.4% | - | - | - |
| EBITDA (USD) | 8,354,000 | 1,927,000 | 7,573,000 | 9,451,000 | 11,716,000 | (13,054,000) | (30,754,000) | (20,867,000) | (465,000) | 17,933,000 | 13,272,000 | - | - | - |
| Operating Income (USD) | 7,006,000 | 668,000 | 6,350,000 | 8,253,000 | 10,668,000 | (17,418,000) | (37,467,000) | (50,103,000) | (48,470,000) | (28,749,000) | (32,504,000) | - | - | - |
| Operating Margin | 8.7% | 0.9% | 7.9% | 9.0% | 9.7% | (12.6%) | (22.9%) | (27.5%) | (22.6%) | (13.4%) | (13.9%) | - | - | - |
| % EBITDA Margin | 10.4% | 2.6% | 9.4% | 10.3% | 10.6% | (9.4%) | (18.8%) | (11.5%) | (0.2%) | 8.4% | 5.7% | - | - | - |
| NET Income (USD) | 4,756,000 | 545,000 | 6,081,000 | 6,178,000 | 7,453,000 | (17,567,000) | (39,687,000) | (52,760,000) | (51,333,000) | (29,702,000) | (32,925,000) | - | - | - |
| % Net Margin | 5.9% | 0.7% | 7.6% | 6.7% | 6.8% | (12.7%) | (24.3%) | (29.0%) | (24.0%) | (13.9%) | (14.1%) | - | - | - |
Palette Software AB - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Palette Software AB | - | ||||||||
| Buyout | Completed | Palette Software AB | - |
Displaying 1 - 2 of 2
Palette Software AB - employee data
Palette Software AB - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Board member | BM | ||||||
| Chairman of the Board | BM | ||||||
| Board Member | BM |
BM Board Member
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