EG has acquired Norwegian software company Vigilo to enhance its EdTech offerings and strengthen its market position in the Nordic education sector.

Information on the Target

Founded in 2010, Vigilo AS is a leading provider of administrative solutions for the education sector in Norway. The company supplies software to 64 municipalities, catering to nearly 40% of children in Norwegian kindergartens and primary schools. Notably, Vigilo has been selected as a supplier for one of Norway's largest public authorities, the Education Agency in Oslo, and services eight of the ten largest municipalities in the country.

Industry Overview in Norway

The EdTech industry in Norway has seen substantial growth, driven by a commitment to modernizing educational practices and enhancing administrative efficiency. The Norwegian government prioritizes educational reforms, focusing on integrating technology into classrooms to facilitate better learning outcomes for students. This investment in technology extends to both public and private educational institutions, fostering an environment ripe for innovation.

Despite challenges such as budget constraints and the need for continuous professional development for educators, many schools are increasingly recognizing the value of digital tools. The recent tren