Norvestor Nova I has acquired a majority stake in PSA Solutions AS, a leading Norwegian legal tech firm, to capitalize on the growing demand for innovative legal solutions.

Information on the Target

Norwegian legal tech company PSA Solutions AS ("PSA" or "the Company"), founded in 2017 and headquartered in Oslo, specializes in providing software solutions tailored for top-tier law firms and corporate legal departments. PSA offers a comprehensive range of Software as a Service ("SaaS") products that are critical for professional service organizations. The Company has established itself as a leading player in the Nordic legal market, experiencing robust growth fueled by customer acquisitions and the digital transformation occurring within the legal sector.

The Company's core offerings include the Custodian suite of proprietary software and a selection of third-party SaaS products from renowned legal tech vendors, including iManage, TIQ Time, Deltek, Litera, and Novaplex. PSA’s software is sold through a subscription model and has garnered positive feedback for its quality and service delivery. The Custodian suite encompasses a distinctive integration Platform as a Service ("iPaaS"), which serves as a crucial connection and automation layer for various software applications utilized by law firms.

Industry Overview in Norway

The legal tech industry in Norway is experiencing a transformative phase driven by the accelerating velocity of digitalization and the growing integration of artificial intelligence within legal practices. As law firms seek to enhance effici