A leading software as a service company with digital solutions for industry and real estate management
Ørn Software offers complementary best-of-breed solutions increasing efficiency, improving collaboration, and reducing the environmental footprint for asset-heavy industries.
Targeting a large and underpenetrated market
We experience strong growth in demand driven by efficiency requirements as well as trends related to sustainability and the green shift. The Nordic market for software for real estate management, industrial maintenance & quality control and Energy & sustainability management is estimated to grow to NOK 14 billion. Today, only NOK 3 billion of this market is developed, according to estimates.
Attractive Software as a Service business model with strong upselling and cross-selling potential
Ørn Software’s revenue grows as our customers’ activity increases over time, driving ARR upwards. Diversified revenue based and limited customer concentration.
Strong track record of long-term ARR growth
We have delivered 70% growth in ARR per year in the period 2017-2020, driven by our ability to retain and upsell existing customer base, high net retention figures and low churn.
Scalable and strong platform for growth
Ørn Software has attractive underlying drivers and initiatives will fuel the continued growth journey:
- Upselling and cross-sellling
- Unified product platform
- New sales
- Product expansion
We have a strong M&A track record, with 8 acquisitions during the period 2015-2021. The M&A pipeline is extensive in the Nordics and rest of Europe. Further acquisitions will increase ARR, broaden our geographical footprint, strengthen our product portfolio and leverage our best in class sales capabilities to upsell.
High level financial and strategic targets for 2025
- Revenue growth (organic): ARR of NOK 430 million
- Long-term profitability: EBITDA margin >45%
- Market recognition: Dominant European player