Ørn Software has acquired Finnish Real Estate Software-as-a-Service company Rapal, increasing its annual recurring revenue by 43% and marking its expansion into the Finnish market.
Information on the Target
Ørn Software has finalized an agreement to acquire Rapal, a Finnish provider of Real Estate Software-as-a-Service (SaaS). This acquisition marks Ørn Software’s strategic entry into the Finnish market and enhances its annual recurring revenue (ARR) by an impressive 43%. Rapal’s robust offerings, which include top-tier solutions for lease, space, and workplace management, align seamlessly with Ørn's existing platform.
Rapal's innovative Smart Office solution is particularly relevant in the current post-COVID landscape, catering to the evolving demands of companies seeking a safe return to versatile and dynamic workplaces. Ørn Software's CEO, Sten-Roger Karlsen, emphasizes this shift, noting the increasing necessity for flexible office solutions in response to changing work patterns.
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Industry Overview in Finland
The Finnish real estate software industry has seen significant growth, driven by an increasing demand for integrated digital solutions that enhance operational effi
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