Vitari AS
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Vitari AS - overview
Established
2002
Location
-, -, Norway
Primary Industry
Outsourcing
About
Vitari AS is a Norwegian company specializing in IT solutions that streamline business processes across various sectors, including ERP systems and CRM tools. Founded in 2002 and headquartered in Norway, Vitari AS focuses on providing tailored IT solutions to enhance business efficiency. The company was acquired by Exsitec AB in June 2021, strengthening Exsitec's footprint in the Norwegian market. Anders Nordahl serves as the CEO.
Vitari AS offers a suite of IT solutions, including enterprise resource planning (ERP) systems, customer relationship management (CRM) tools, and human resource management (HRM) solutions. These products are designed to improve operational efficiency and facilitate better decision-making, serving diverse industries such as real estate and retail. In the most recent fiscal year 2020, Vitari AS reported a revenue of USD 13. 19 mn and an EBITDA of USD 1.
00 mn. The acquisition by Exsitec AB aims to bolster its market presence in Norway. While specific upcoming products have not been disclosed, the strategic alignment is expected to lead to more integrated solutions for clients. The growth strategy focuses on expanding its reach within Norway and potentially exploring new markets based on the success of the integration.
Current Investors
Exsitec AB
Primary Industry
Outsourcing
Sub Industries
Consulting Services, Offshore IT Services/IT Outsourcing, Accounting/Finance Software, Customer Relationship Management, Logistics Software, Storage Management Software
Website
www.vitari.no
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Vitari AS - timeline of key events
Vitari AS - 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) | 63,780,458 | 76,175,600 | 81,064,960 | 86,233,676 | 92,192,796 | 98,095,236 | 100,307,182 | 116,973,329 | 123,677,086 | 123,793,941 | 131,673,080 | - | - | - |
| % Revenue Growth (YoY) | - | 19.4% | 6.4% | 6.4% | 6.9% | 6.4% | 2.3% | 16.6% | 5.7% | 0.1% | 6.4% | - | - | - |
| EBITDA (USD) | 5,986,782 | 5,150,576 | 5,624,646 | 5,092,218 | 5,896,085 | 9,393,070 | 2,067,566 | 9,073,233 | 7,682,723 | 9,397,264 | 12,163,012 | - | - | - |
| Operating Income (USD) | 5,097,560 | 4,228,850 | 4,503,049 | 4,137,263 | 4,736,869 | 8,076,098 | 378,826 | 6,696,088 | 5,029,228 | 6,276,310 | 8,374,780 | - | - | - |
| Operating Margin | 8.0% | 5.6% | 5.6% | 4.8% | 5.1% | 8.2% | 0.4% | 5.7% | 4.1% | 5.1% | 6.4% | - | - | - |
| % EBITDA Margin | 9.4% | 6.8% | 6.9% | 5.9% | 6.4% | 9.6% | 2.1% | 7.8% | 6.2% | 7.6% | 9.2% | - | - | - |
| NET Income (USD) | 3,717,126 | 3,100,264 | 3,038,737 | 2,871,078 | 3,499,218 | 5,426,211 | 265,849 | 760,220 | 4,003,718 | 4,720,270 | 6,344,853 | - | - | - |
| % Net Margin | 5.8% | 4.1% | 3.7% | 3.3% | 3.8% | 5.5% | 0.3% | 0.6% | 3.2% | 3.8% | 4.8% | - | - | - |
Vitari 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 | Vitari AS | - |
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Vitari AS - employee data
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