Procuritas Capital Investors V LP has invested in Daldata AS, a leading Norwegian accounting software and cloud service provider, to capitalize on its growth potential and market leadership in the accounting industry.

Information on the Target

Daldata AS is a prominent Norwegian company, established in 1982, specializing in accounting software and cloud services. It has cemented its position as a leading provider in the Norwegian accounting and agriculture sectors, catering primarily to small and medium-sized enterprises (SMEs). With a robust understanding of accounting practices and customer needs, Daldata has developed a competitive product tailored to its core segments and has adeptly adapted to evolving technological requirements.

Operating from its headquarters in Tynset and six additional offices across Norway, Daldata serves approximately 5,000 customers annually. The company boasts a cutting-edge data center that supports its cloud services, which have propelled its consistent growth of 9% annually from 2006 to 2015. For the fiscal year ending December 2015, Daldata's estimated turnover is projected to be 163 million NOK (approximately 18.1 million EUR).

Industry Overview in Norway

The accounting software industry in Norway has experienced significant advancements due to technological innovations and evolving market demands. The increasing adoption of cloud-based solutions has made accounting proce