Accountor Software completes acquisition of 24SevenOffice’s ERP software division

The acquisition of 24SevenOffice’s ERP division is an important step in the plan to create one of the leading financial management and HR software businesses for the Nordics. By joining forces with Accountor Software, 24SevenOffice’s ERP cloud software division, comprising among others 24SevenOffice Norway AS, 24SevenOffice Scandinavia Systems AS, and 24SevenOffice Sweden AB, becomes part of a growing B2B SaaS business backed by a large global investor with expertise in scaling high-growth software companies.

The transaction follows KKR’s acquisition of a majority stake in Accountor Software earlier this year and supports the company’s ambition to become one of the leading pure-play business software companies, serving SMEs as well as larger organisations and corporations in the Nordics. By acquiring 24SevenOffice’s ERP cloud software division, Accountor Software expands its footprint across the Nordics, adding around 30,000 customers in Norway.

“This is an exciting milestone and a natural evolution of our strategy to grow as one of the leading pure-play business software players across the Nordics. Joining forces with 24SevenOffice’s ERP software division will benefit all our stakeholders, from our world-class employees to our customers and partners. We are now firmly executing our plans to expand into new core markets, empowering a broader range of customers with cloud-based mission-critical software,” said Mikko Soirola, CEO Accountor Software.

The acquisition will create additional value and synergies, further boosting Accountor Software’s best-in-class offering and technology platform, with added potential to serve and grow in the SME space as well as with larger organisations.

The transaction will have no impact on current relations with Accountor Software’s or 24SevenOffice’s customers and business partners.