Webstep AS
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Webstep AS - overview
Established
2000
Location
Oslo, -, Norway
Primary Industry
Business Support Services
About
Webstep AS is a technology company that delivers IT solutions and consulting services, focusing on software development, system integration, and cloud solutions to enhance operational efficiency for various sectors. Founded in 2000, Webstep AS operates out of Oslo, Norway, providing innovative IT solutions. The company has undergone strategic pivots and has a significant presence in the market. The founder, Alexis Bitas, established the firm with a vision of leveraging technology to transform business operations.
In October 2017, Webstep completed its IPO on Oslo Børs, raising NOK 405 million, and currently has two recorded deals. Webstep specializes in delivering tailored IT solutions and consulting services that enhance operational efficiency and support digital transformation. The firm focuses on software development, system integration, and cloud solutions, catering to a diverse clientele including finance, healthcare, and retail sectors. Their approach emphasizes partnerships with clients, facilitating customized technology implementations to address challenges in data management and system integration.
For the fiscal year 2023, Webstep reported a revenue of NOK 81,653,755. 80 and an EBITDA of NOK 6,693,776. 10, reflecting the company's structured engagement model through B2B transactions and client-focused solutions. Webstep plans to leverage the NOK 405 million raised during its IPO to pursue further expansion in the Nordic markets, specifically targeting Sweden and Denmark for increased market presence by 2025.
The company is also in the process of developing new cloud-based software solutions, aiming for release in the next 18 months. These initiatives are aligned with their strategy to deepen client relationships and enhance service offerings across the region.
Current Investors
Reiten & Co
Primary Industry
Business Support Services
Sub Industries
Consulting Services, Offshore IT Services/IT Outsourcing, Internet, Software
Website
www.webstep.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Webstep 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IPO | Completed | Webstep AS | - | ||||||||
| Buyout | Completed | Webstep AS | - |
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