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Petrostreamz awarded contract on optimizing production in Saudi Arabia

Petrostreamz awarded contract on optimizing production in Saudi Arabia

“We don’t experience any oil crisis”, says Petrostreamz CEO Jan Biti to the Norwegian newspaper Adresseavisen. The Saudi Arabian oil company Saudi Aramco has chosen Petrostreamz Software to help in production optimization of four large oilfields in Saudi Arabia. The contract is worth NOK 10 million. In June Petrostreamz was contracted by the Brazilian oil company Petrobras. Read the full story “Styrer unna oljekrisen” on adressa.no» or as pdf» (both in Norwegian...
Viking Venture invests in EcoOnline AS

Viking Venture invests in EcoOnline AS

Viking Venture has acquired 64% of the shares in EcoOnline AS – an IT company that develops information systems for documentation of chemicals. Viking Venture is investing in EcoOnline to assist the company with further growth in the Nordic market. Viking Venture has long experience in developing companies offering Software as a Service in the corporate market – experience that will be a good fit with EcoOnline’s existing business solutions. “With Viking Venture as an owner, we have gained a strong and knowledgeable partner,” says EcoOnline CEO Øyvind Thorsen. Clear market leader in the Nordic countries EcoOnline has had steady growth since it started business in 2000, with revenue of NOK 61 million in 2013. Today, more than 3,500 companies are linked up to EcoOnline’s unique database for documentation of chemicals. The customer segment is broad and includes producers, resellers and distributors of chemicals as well as those who handle chemicals at their workplace. The list includes well-known names such as NTNU, SINTEF, Ramirent and Valvoline, as well as a number of firms in the SME segment. “EcoOnline is a clear market leader in the Nordic countries, well positioned for further growth. EcoOnline’s world-leading expertise in the development of software for managing chemicals makes the company a sound investment for the future,” says Viking Venture partner Jostein Vik. Growing interest in technology-based growth companies This is the third investment in Viking Venture’s new investment concept, providing an opportunity to the investor network to invest in technology-based growth companies. “We are seeing great interest in investment in ICT companies. Participating in Viking Venture’s investor network provides access to unique opportunities...