Puzzlepart AS
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Puzzlepart AS - overview
Established
2008
Location
Oslo, -, Norway
Primary Industry
Software
About
Puzzlepart AS is a consulting and technology firm that specializes in leveraging data and artificial intelligence to optimize operations and foster innovation for businesses. Puzzlepart AS was founded in 2008 and is headquartered in Oslo, Norway. The company focuses on delivering consulting and technology solutions aimed at enhancing business efficiency and innovation. Steffen Norby serves as the CEO.
In December 2015, Crayon Group Holding ASA invested in Puzzlepart AS, although specific financial terms were not disclosed. Puzzlepart AS offers a range of integrated technology and consulting services, including strategy development, design and advisory services, AI solutions, data insights, analytics, and system development. Their offerings are tailored to meet specific business needs, helping clients enhance operational efficiency and improve customer engagement. The firm serves various clients, from startups to large multinational corporations, primarily across Europe and North America.
In the most recent fiscal year 2023, Puzzlepart AS generated revenue of USD 6. 85 mn and reported an EBITDA of USD 666,922. 2. Puzzlepart AS aims to expand its market presence in new geographic regions while developing innovative products.
With the investment received in December 2015, the company plans to use these funds to support initiatives that drive growth and development in its service offerings. Specific details on new product launches or targeted markets are not available at this time.
Current Investors
Crayon Group Holding ASA
Primary Industry
Software
Sub Industries
Systems Management Software, Application Integration Software
Website
www.puzzlepart.com
Verticals
Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Puzzlepart AS - timeline of key events
Puzzlepart 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 6,540,449 | 9,037,614 | 10,746,878 | 13,383,731 | 16,702,790 | 21,314,896 | 23,344,723 | 26,876,583 | 38,479,903 | 44,876,368 | 52,234,543 | 58,355,296 | - | - | - |
| % Revenue Growth (YoY) | - | 38.2% | 18.9% | 24.5% | 24.8% | 27.6% | 9.5% | 15.1% | 43.2% | 16.6% | 16.4% | 11.7% | - | - | - |
| EBITDA (USD) | 457,452 | 1,256,182 | 705,270 | (120,948) | (1,041,805) | 886,252 | 1,729,309 | 4,766,327 | 10,170,187 | 8,967,509 | 10,310,639 | 12,736,797 | - | - | - |
| Operating Income (USD) | 455,104 | 1,235,513 | 631,015 | (240,813) | (1,195,050) | 759,341 | 1,628,499 | 4,647,190 | 9,988,068 | 8,689,237 | 9,978,100 | 12,432,095 | - | - | - |
| Operating Margin | 7.0% | 13.7% | 5.9% | (1.8%) | (7.2%) | 3.6% | 7.0% | 17.3% | 26.0% | 19.4% | 19.1% | 21.3% | - | - | - |
| % EBITDA Margin | 7.0% | 13.9% | 6.6% | (0.9%) | (6.2%) | 4.2% | 7.4% | 17.7% | 26.4% | 20.0% | 19.7% | 21.8% | - | - | - |
| NET Income (USD) | 325,120 | 957,268 | 558,019 | (234,277) | (1,204,079) | 758,802 | 1,459,850 | 3,658,343 | 7,928,191 | 6,937,733 | 8,078,357 | 9,851,404 | - | - | - |
| % Net Margin | 5.0% | 10.6% | 5.2% | (1.8%) | (7.2%) | 3.6% | 6.3% | 13.6% | 20.6% | 15.5% | 15.5% | 16.9% | - | - | - |
Puzzlepart 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 | Puzzlepart AS | - |
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Puzzlepart AS - employee data
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