M&A Deal Summary

Techstep Acquires Mytos AS

On February 1, 2017, Techstep acquired software company Mytos AS for 120M NOK

Acquisition Highlights
  • This is Techstep’s 2nd transaction in the Software sector.
  • This is Techstep’s 0th largest (disclosed) transaction.
  • This is Techstep’s 2nd transaction in Norway.

M&A Deal Summary
Date 2017-02-01
Target Mytos AS
Sector Software
Buyer(s) Techstep
Deal Type Add-on Acquisition
Deal Value 120M NOK

Target

Mytos AS

Slependen,, Norway
Mytos is a software as a services company with mainly recurring revenue. Mytos offers a full range of telecom expense management (“TEM”) modules, all with proprietary software and highly user friendly implementation and operation. Mytos has an active end user base of approximately 122,000 and 600 customers per year-end 2016. This acquisition strengthens Techstep’s solution portfolio with new capabilities and adds to the customer base.

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Buyer(S) 1

Buyer

Techstep

Oslo, Norway
Category Company
Founded 2016
Sector Information Technology
Employees265
Revenue 1.1B NOK (2023)
DESCRIPTION

Techstep is a B2B provider of mobility and communications services. Techstep combines device management, software, hardware, and connectivity into managed services and solutions. Techstep was founded in 2016 and is based in Oslo, Norway.

DEAL STATS #
Overall 3 of 5
Sector (Software) 2 of 2
Type (Add-on Acquisition) 3 of 4
Country (Norway) 2 of 3
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 Apro Tele og Data AS

Sandefjord, Norway

Apro Tele og Data AS delivers communication solutions with focus on mobile communications. Apro sells hardware, mobile subscriptions and offers consulting services for larger clients and customer support / maintenance and repair inhouse.

Buy Nkr16M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-15 Conneqted 365 AB

Karlstad, Sweden

Conneqted 365 AB offers a complete Enterprise Mobility Management (“EMM”) service, including Mobile Security, system design, implementation, mobile device management, maintenance and support.

Buy -
Mergr

Product

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