Investment Summary

Techstep Invests In Conneqted 365 AB

On August 15, 2017, Techstep invested in information technology company Conneqted 365 AB

Investment Highlights
  • This is Techstep’s 1st transaction in the Information Technology sector.
  • This is Techstep’s 1st transaction in Sweden.

Investment Summary

Date 2017-08-15
Target Conneqted 365 AB
Sector Information Technology
Investor(s) Techstep
Deal Type Stake Purchase

Target

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.

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Investor(S) 1

Investor

Techstep

Oslo, Norway

Category Company
Founded 2016
Sector Information Technology
Employees260
Revenue 1.1B NOK (2024)
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 4 of 5
Sector: Information Technology M&A 1 of 2
Type: Stake Purchase M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2017 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 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.

Buy Nkr120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-26 Wizor AS

Oslo, Norway

Wizor AS is a provider of encrypted and secure solutions for mobile phones, tablets and other mobile devices. Wizor AS was founded in 2002 and is based in Oslo, Norway.

Buy Nkr19M