logo
logo
Curve
List of the largest SaaS companies in Norway

Top SaaS Companies in Norway

These are the top SaaS companies in Norway. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Norway by featuring these 126 companies with combined revenues of $2.8B.

Together, Norway SaaS companies employ over 13K employees, have raised $1.4B capital, and serve over 210M customers around the world.

Divider

Highlights

01
$2B
$286M
1M
6K
1996
Norway
02
B
Basefarm

Communication Software

Orange Business Services is a global IT and communications services company that helps companies collaborate, operate, and engage with customers. On the whole it offers integrated communications solutions and services to global enterprises in cloud computing, unified communications, and collaboration which manage and integrate the complexity of international communications. Orange Business Services provides end-to-end enterprise solutions in data center management, server management, network management, pc life-cycle management, security management, and messaging administration; ITIL-aligned methodology and processes; application management capabilities across verticals for CRM applications, IPT applications, and database integration; remote infrastructure management services; and WAN-LAN integration, design, and management expertise. It also delivers and manages complex PBX, IP Voice-based solutions, unified communications, and collaboration solutions.Orange Business Services was foun

$122M
-
40M
480
2000
Norway
03
G
Gelato

Content Marketing Software

Developer of a cloud-based printing platform designed to connect print houses all over the world to one print cloud. The company's cloud-based printing platform provides print and logistic services as per users demand and request, enabling individuals, designers, and businesses to order and obtain services of printing shops which are nearest to them.

$75M
$29M
-
163
2007
Norway
04
C
Cognite

Artificial Intelligence Software

Cognite develops industrial IOT data platform.

$45M
$563M
1K
626
2017
Norway
05
STNAS
Successive Technologies Norge AS

Cloud Computing Software

$39M
-
60K
461
2017
Norway
06
C
Cegal

Information Technology & Services

Founded in 1975, Deutsche Asset Management is an asset management firm based in Zurich, Switzerland. The firm develops and manages tailor-made investment solutions for clients and offers individuals and institutions traditional and alternative investments across all major asset classes. The company also provides tailored wealth management solutions and private banking services to high-net-worth individuals and family offices.

$29M
-
-
345
1975
Norway
07
C
Confirmit

Customer Service Software

Confirmit is a provider of innovative technological services to market research agencies. It offers online survey technology and research management software. Its software optimizes a broad range of functionality and provides services to positively influence critical business decision-making. The company was founded in 1996 and is headquartered in Oslo, Norway. Confirmit aims for strategic acquisitions that will help the company to strengthen its business activities across the country and worldwide.

$25M
-
-
402
1996
Norway
08
S
Signicat

Financial Services Software

Signicat is a digital identity service provider (DISP) and one of the leading providers of e-ID and e-signature solutions in Europe.

$23M
$10M
-
158
2006
Norway
09
EG
Edvantage Group

Software as a Service Platform(SaaS)

Provider of cloud-based learning and performance software. The company provides content, technology and services to create e-learning solutions tailored to the specific needs of organizations. The company helps organizations improve employee skills and transfer knowledge, leading to better performance and business results.

$18M
-
75M
220
1999
Norway
10
A
Airthings

Marketing Software

Airthings designs and sells digital radon detectors.

$17M
-
-
72
2008
Norway
1 - 10 of 122Next

What are the fastest growing companies doing?


83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.

Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.

If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.

Which CEO’s are the most efficient capital allocators?


We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?

Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).

Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).

The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.