Viking Venture invests in Norwegian B2B Software Company View. The company is a leading provider of software for maintenance of real estate, machinery and vehicles. The company is also providing software for production optimisation and control.
View Software aims to provide its customers with better information about their assets such as buildings, machinery or vehicles. The company has 480 customers sharing a common need for better oversight over production, assets and technical equipment. View Software provides detailed information about condition, former history, and warranties of the assets, included which resources in terms of parts and personnel available to do corrective actions on the equipment.
– We are impressed by the quality of the team as well as their products and customers, commented the recently appointed chairman of View Software, Partner Joar Welde of Viking Venture.
– View is thrilled by having Viking Venture as investor. Viking Venture has consistently proved their ability to bring companies similar to View to a new level. A knowledgeable and experienced partner as Viking Venture is important in order to exploit our international potential, said Mr. Pål Einar Berntsen, CEO of View Software.
Viking Venture owns 49% of View Software after the investment and contributes with experience and knowledge of best practice from across its portfolio of investments.
– Our investment focus is Business To Business (B2B) Software companies with a recurring revenue business modell. We experience strong synergies across our investments and look forward to contribute to increased growth in View Software, said Mr. Erik Hagen, Managing Partner of Viking Venture.
Widar Salbuvik, a long term investor in View Software who is currently increasing his investment in View Software, commented: – The company has grown a lot both in terms of revenue and maturity over the last years. Thus this is a natural point in time to invite an active investor such as Viking Venture into the company. We have great expectations to the cooperation.
About View Software AS
View Software is a leading provider of software for management of maintenance and production planning. More than 12500 users depend daily on View as a tool for maintaining more than 10 million objects such as machinery, vehicles and buildings. The company has 48 employees and is headquartered out of Moss, Norway with offices in Trondheim and Notodden. View Software reported revenues of 46 million NOK in 2016 with a corresponding operational income before depreciations (EBITDA) of 10.5 milion NOK. More information on view.no.
About Viking Venture
Viking Venture is a leading Nordic Venture Fund focused on B2B Software Companies with a recurring revenue business modell. Viking Venture has invested in more than 40 companies and has more than 1.5 billion NOK under management. The company has its headquarter in Trondheim, Norway. More information on vikingventure.com.