
Norwood Systems
2024 Revenue
$4.1M(Est.)
Funding
$0
Team
26
Founded
2000
How Norwood Systems CEO Paul Ostergaard grew to $4.1M revenue with a 26 person team in 2024.
Developer of telecommunication platforms designed to deliver disruptive end-user communications apps that streamline and simplify how users around the world can access affordable and quality telecommunications services. The company's platforms offer voice, messaging and data services which makes communication more cost-effective, easier to manage and regulatory compliant, enabling clients to connect their smartphone effortlessly and simply to local networks around the world to get quality connections, clear and secure conversations for a fraction of international roaming costs.
Last updated
Norwood Systems Revenue
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.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Norwood Systems Hit $4.1m revenue in October 2024 | Estimated |
| 2023 | Norwood Systems Hit $2.9m revenue in October 2023 | Estimated |
| 2021 | Norwood Systems Hit $1.8m revenue in April 2021 | |
| 2000 | Launched with $0 revenue |
Norwood Systems Valuation, Funding Rounds
Norwood Systems is a bootstrapped SaaS startup. Founded in 2000, Norwood Systems has grown to $4.1M in revenue without raising any venture capital or outside funding.
As a self-funded SaaS company, Norwood Systems has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|
Founder / CEO
Paul Ostergaard
CEO
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.
Q&A
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Customers
We do not have customer count information for Norwood Systems yet.
Norwood Systems Employees & Team Size
Norwood Systems employs approximately 26 people as of 2026, including 1 sales reps that carry a quota.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 26 employees (October 2024) | |
| 2023 | Reached 26 employees (October 2023) | |
| 2022 | Reached 22 employees (October 2022) | |
| 2021 | Reached 19 employees (December 2021) | |
| 2021 | Reached 21 employees (April 2021) |
Frequently Asked Questions about Norwood Systems
What is Norwood Systems's revenue?
Norwood Systems generates an estimated $4.1M in annual revenue.
Who founded Norwood Systems?
Norwood Systems was founded by Paul Ostergaard.
Who is the CEO of Norwood Systems?
The CEO of Norwood Systems is Paul Ostergaard.
How much funding does Norwood Systems have?
Norwood Systems is bootstrapped and has not raised outside funding.
How many employees does Norwood Systems have?
Norwood Systems has 26 employees.
Where is Norwood Systems headquarters?
Norwood Systems is headquartered in Perth, Western Australia, Australia.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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