Crayon advises its clients in software procurement processes and simplifies the clients’ software license administration. In addition Crayon offers consulting and training around the purchased software to its clients, which include a number of large Nordic customers within both private and public sectors.
The company was founded in 2002 and it has headquarters in Oslo and offices in Trondheim, Stockholm, Umeå, Copenhagen and Helsinki. Crayon’s net sales totalled some MEUR 48 in 2007 and the company employs some 190 people.
“The company has a truly unique offering in software asset management, combining the work normally done by a value added reseller with skilled management consulting, which has resulted in a strong growth in sales and very satisfied customers”, says CapMan’s Investment Director Julia Reuszner.
“Crayon has a very strong market position both in Norway and Sweden and we believe there is potential to develop this further and address new geographies and a wider customer base”, says InnovationsKapital‘s Investment Director Martin Falkevall.
“For us the investment made by CapMan and InnovationsKapital is a great acknowledgement of what Crayon has achieved over the last years .We believe that the investment can help us to the next level in our growth ambition”, says Crayon’s Chairman of the Board Jens Rugseth.
CapMan Technology 2007 fund and Innovations Kapital will own 20% of Crayon’s parent company Artix’s shares with equal holdings after the transaction has been completed. The current owners, including management and employees, will hold the reminder of the shares. The closing of the transaction is subject to certain conditions agreed with the parties in the transaction to be met. CapMan Plc is a substantial investor in CapMan Technology 2007 fund.
For more information, please contact:
Julia Reuszner, Investment Director, CapMan Technology, tel. +46 8 545 854 70 or +46 739 865 664
Martin Falkevall, Investment Director, InnovationsKapital, tel. +46 8 54 50 14 90 or +46 708 47 73 16
Jens Rugseth, Chairman of the Board, Crayon, tel. +47 22 89 10 00 or +47 91 16 94 40