Ping Communications

Ping Communications is a technology-focused firm that delivers innovative solutions to enhance operational efficiency and streamline user experiences across multiple sectors, including healthcare, finance, and logistics. Founded in 1999 in Oslo, Norway, Ping Communications specializes in developing advanced technology solutions. The company was acquired by founder Erik Syverinsen through his holding vehicle, Tiger Holding, in July 2013. Ping Communications has successfully raised NOK 22.

000 mn, with notable investments from Alliance Venture and Investinor. Ping Communications specializes in a variety of technology solutions that address specific operational needs across industries. Their core offerings enhance efficiency and user experience, particularly in healthcare, finance, and logistics, focusing on challenges such as data management and supply chain transparency. The company's services extend to North America, Europe, and parts of Asia, catering to diverse clients from small enterprises to large corporations.

In the most recent fiscal year, 2020, Ping Communications generated revenue of NOK 556,487. 10 and reported an EBITDA of NOK -1,644,831. 60, reflecting the company's performance dynamics during that period. Looking forward, Ping Communications plans to develop new products aimed at enhancing their service offerings, with potential launches scheduled for later this year.

The company is targeting expansion into additional geographic markets, focusing on regions within Europe and Asia by 2025. The recent funding of NOK 22. 000 mn will support these initiatives, allowing the company to invest in product development and market entry strategies. In July 2013, the company underwent significant changes in ownership, which has set the stage for its future growth.