Telenor / Hawk Infinity
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Telenor / Hawk Infinity - overview
Location
-, -, Norway
Primary Industry
Software
About
Based in Norway, Telenor / Hawk Infinity provide cloud storage services under established brands like Jottacloud and Min Sky, positioning itself as a secure, locally based alternative to major international cloud service providers. In March 2025, Telenor Software Lab AS and Hawk Infinity formed Telenor / Hawk Infinity for NOK 930 million. The Transaction is subject to approval from the competition authorities in Norway and is expected to close during Q2 2025. The company’s main offerings center on cloud storage services delivered through two primary brands: Jottacloud and Min Sky.
Jottacloud is known for secure, user-friendly personal and business cloud storage with local data storage compliance, popular in telecommunications, retail, and financial partnerships. Min Sky, provides photo and file backup services to its mobile customer base. The unified platform is designed to leverage artificial intelligence, scalable infrastructure, and secure data management practices, all within Norwegian jurisdiction, to appeal to privacy-conscious users.
Current Investors
Hawk Infinity, Telenor Software Lab AS
Primary Industry
Software
Sub Industries
Analytics & Performance Software, Application Integration Software
Verticals
Artificial Intelligence, Cloud Computing
Total Amount Raised
Subscriber access only
Telenor / Hawk Infinity - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Joint Venture | Completed | Telenor / Hawk Infinity | - |
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