How Norwood Systems CEO Paul Ostergaard grew Norwood Systems to $4.1M revenue with a 26 person team in 2024.

In 2024, Norwood Systems's revenue reached $4.1M. The company previously reported $2.9M in 2023. Since its launch in 2000, Norwood Systems has shown consistent revenue growth.

Paul Ostergaard

The Founder of Norwood Systems and the man, who along with Co-founder, David Wilson, pioneered the development the company’s current cloud services offering Corona®, a system that effectively delivers the world’s most advanced international roaming solution through local non-cellular networks. Responsible for the company’s overall strategic direction, planning and day-to-day running, he founded Norwood Systems in 2011 with the vision to create the world’s best private cloud communications platform, servicing enterprise’s growing need for mobile connectivity. Paul has a 25-year track record of success and innovation in the high-technology sector, having worked in senior executive roles in start-ups and large corporations across the North American, European and Asia-Pacific regions. Prior to Norwood Systems, Paul founded several companies in the wireless communications sector including the original Norwood Systems Ltd, the award-winning technology pioneer in fixed mobile convergence platforms, founded in 1999. Previously, Paul headed the global platform marketing strategy for a $1billion systems platform at 3Com Corporation, leading the platform’s brand and core technology development across seven divisions and 37 product lines. During his tenure at 3Com, worldwide market share for this platform increased to an all-time peak of 35% with sales increasing at an average of 50% p.a. to reach $1.2 billion in annual revenue. He was previously a finalist in the Ernst & Young Entrepreneur of the Year competition (London region) and has been invited to speak at events such as Catalyst, ETRE and the Bluetooth SIG conferences. Paul holds a Bachelor of Electronic Engineering from the University of Western Australia and an MBA from INSEAD.

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