Ørn Software has signed an agreement to acquire the Norwegian Quality Management Software-as-a-Service (SaaS) company Landax.

“Through the acquisition of Landax, we continue to execute on our communicated growth plan. Landax has a unique position within the Quality Management space, and its platform offers an impressive width in functionality that perfectly complements our existing portfolio. Landax represents an offering that is highly attractive for Ørn’s existing customers, and vice versa,” says Ørn Software’s CEO Sten-Roger Karlsen.

Landax was established in 2005 and had a turnover of NOK 30.8 million in 2020. The company has 11 employees and approximately 550 customers. Landax develops software for quality management. The company has an ARR of 21 MNOK. Viking Venture is the largest shareholder of Ørn Software.

Ørn Software, listed on Euronext Growth as of March 2021, is a Nordic provider of SaaS solutions. The company had an ARR in 2020 of 107 MNOK, after delivering a yearly growth of 73% in 2017-2020.

“A special thank you from our side to Synergos and partner Knut Chr. Helgesen who have assisted us all the way in this process,” says CEO and majority owner of Landax Torleif Bratlie.

Synergos was the financial and strategic advisor to Landax in this transaction.