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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.

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Highlights

12
A
Ardoq

Analytics Software

Ardoq is a dynamic, data-driven tool for Enterprise Architecture and a key tool for your digital transformation journey.

$16M
$164M
-
162
2013
Norway
13
NN
NetNordic

Communication Software

NetNordic is a Nordic system integrator who specializes in delivering network, communication, security and cloud services. The company offers telecommunication services which includes networking, communications and cloud-based products and services. It was founded in 2001 and is headquartered in Oslo, Norway. The company seeks to strengthens its position as the leading system integrator of network, security, communications and cloud services in the Nordic enterprise market.

$16M
-
-
182
2001
Norway
14
D
Documaster

Document Management

It’s time to get organized! Documaster gives a complete overview, and makes it easy to tag, store and find documentation.

$9M
$17M
200
95
2014
Norway
15
A
Admincontrol

Information Technology & Services

Provider of cloud-based software for secure and effective collaboration and document sharing in business critical-processes. The company offers software-as-a-service (SaaS) services as well as a separate iPad and iPhone app for secure collaboration and easy sharing of documents in business processes such as board and management work, due diligence, capital injections and stock exchange listings enabling users save time, gain better control and be better prepared, which in turn results in better decision-making.

$8M
-
85K
97
2005
Norway
16
FLYYT
FLYYT

HR Software

$7M
-
-
79
2017
Norway
17
eSS
eSmart Systems

Analytics Software

Developer of a data analytics software intended to turn visual inspection data into actionable asset insight. The company's software leverages industrial grade deep learning and computer vision technologies to visually inspect assets and funnel data components of large-scale electrical systems to web, while performing analytics to avoid potential problems like rusted powerlines, enabling energy grid operators to lower maintenance cost, reduce failure rates and extend asset life.

$7M
$61M
-
94
2012
Norway
18
MV
Madeo Ventures

Information Technology & Services

BrandMaster is a provider of marketing software and services. The company provides marketing resource management services for marketing departments with extensive experience from 3-layer organizations: Global Headquarter, National Organization and Dealer Network. The company was founded in 1997 and is headquartered in Oslo, Norway. It seeks to acquire other companies whose businesses can be integrated into its existing operations.

$7M
-
-
78
1997
Norway
19
SS
SalesScreen

Information Technology Software

Salespeople thrive on camaraderie and competition. While your team is remote, increase sales and performance through our proven gamification software..Sales Gamification Platform

$6M
$4M
400
50
2011
Norway
20
F
Fotoware

Content Management Systems

Simplify your day by organizing your files with our digital asset management software. Cloud or on-premise. Free trial.

$6M
-
4K
46
1997
Norway
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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.