M&A Deal Summary

Viking Venture Acquires TimeLog

On November 13, 2020, growth capital firm Viking Venture acquired internet software and services company TimeLog

Acquisition Highlights
  • This is Viking Venture’s 3rd transaction in the Internet Software and Services sector.
  • This is Viking Venture’s 2nd transaction in Denmark.

M&A Deal Summary

Date 2020-11-13
Target TimeLog
Sector Internet Software and Services
Buyer(s) Viking Venture
Deal Type Buyout (LBO, MBO, MBI)

Target

TimeLog

Frederiksberg, Denmark
TimeLog is a cloud based PSA-software which help professional services organisations evolve. TimeLog is based in Frederiksberg, Denmark.

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Buyer(S) 1

Buyer

Viking Venture

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
PE ASSETS 4.0B NOK
Size Middle-Market
Type Sector Focused
DESCRIPTION

Viking Venture is a early to later stage investment firm that looks to invest in fast-growing Scandinavian start-ups. The Firm has a preference for B2B software companies looking to expand operations globally. Viking Venture was formed in 2001 and is headquartered in Trondheim, Norway.


DEAL STATS #
Overall 7 of 18
Sector: Internet Software and Services M&A 3 of 8
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 3
Country: Denmark M&A 2 of 6
Year: 2020 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-30 FotoWare

Oslo, Norway

FotoWare offers digital enterprise asset management software solutions either on-premise or through a Cloud-Based system, which enables people and organizations to exploit their content even more. The company has over the past 20 years become a global pioneer and innovator in Digital Asset Management with more than 250,000 users and 4,000 customers in a wide range of industries worldwide. FotoWare was formed in 1997 and is based in Oslo, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-29 Encodify

Odense, Denmark

Encodify is a global SaaS technology service and a market leader in Marketing Work Management. Based on their no-code technology, they have since built industry-leading best-practice MWM solutions, allowing all stakeholders in the marketing value chain to collaborate efficiently. Today they are setting new standards by converging DAM/PIM (Content Hub), workflow, proofing, and project management tools to help clients innovate and optimise their work. Encodify was founded in 2001 and is based in Odense, Denmark.

Buy -