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Energy Ventures and Viking Venture exit READ Cased Hole Ltd

Read Well Services Holding AS, a portfolio company of Energy Ventures III LP and Viking Venture III, funds managed by Energy Ventures III AS and Viking Venture AS, has signed an agreement to sell their shareholding in READ Cased Hole Ltd (“RCH”).

ExproSoft announces acquisition of Miriam

ExproSoft, a supplier of well integrity and reliability software to the oil & gas industry, has acquired Miriam, a supplier of RAM analysis software. The acquisition strengthens and complements ExproSoft’s software portfolio, and further increases the capabilities of ExproSoft to aid oil & gas operators with increasing well uptime and reducing intervention and maintenance cost.

Magnus Willumsen joins Viking Venture

Viking Venture is strengthening the team and is happy to announce that Magnus Willumsen (32) joins Viking Venture as Investment Associate. Magnus holds a Master of Science in Industrial Economics and Technology Management from NTNU in Trondheim and Stuart Business...

Evatic acquires Tesseract

Evatic, a leading software vendor within Service Management, has acquired Cranbox Ltd in the UK. Cranbox Ltd. is the owner of the Tesseract service management software product trading under the name Tesseract. Together Evatic and Tesseract will complement each other’s product portfolio and strengthen the product offering within the service management field in the market. Tesseract has its main office in High Wycombe just outside London and an US office in Reston, Virginia.

poLight establishes competence centre in Finland

poLight continues to expand and has established a competence centre in Tampere, Finland. The new unit will be based on senior resources from the former Nokia/Microsoft imaging team. The competence centre will allow poLight to better support customers in implementing the poLight technology, and to further strengthen the company ́s ability to build system solution around its proprietary TLens® technology.

poLight are currently in the process of ramping-up production of its first product TLens® Silver. This will represent a new and unique way of realising autofocus for smartphone cameras having several benefits for end-users, camera module manufactures and smartphone vendors.

Invesdor and Signicat create history with InsurTech equity crowdfunding offering

Norwegian FinTech company, Cloud Solutions which develops Cloud Insurance a software-as-a-service for the insurance industry, has become the first ever Norwegian equity crowdfunding success using Finland-based Invesdor’s crowdfunding platform. Cloud Solutions saw its equity offering oversubscribed, raising almost twice its original target.

The success of the equity offering hinged on opening up access to investors across the Nordics. This was made possible by another Norwegian company, Signicat, the first and largest identity assurance provider in the world. Organizations typically use Signicat’s services for customer on-boarding and authentication as well as digital signatures.

Skooler awarded “Newcomer of the year” by Microsoft

Skooler, a Learning Management Systems provider, was awarded "Newcomer of the Year" at Microsoft Norways Kickoff 2016. Skooler works closely with Microsoft as a business partner and represents the new generation Learning Management Systems. The Skooler LMS platform...

ZiLift demonstrates no rig pump deployment

Zilift Ltd, have successfully demonstrated cable deployment of their SpeedDrive technologies on cable and without the need for conventional rig services. Using a conventional winch and pressure control equipment (including BoP, lubricator and stuffing box), a SpeedDrive 2625 pump assembly was run into a test facility well in Oklahoma demonstrating the live-well deployment capability of the system.

4Subsea wins well head integrity monitoring contract for Lundin Norway

4Subsea is awarded the wellhead integrity monitoring contract for Lundin Norway’s drilling campaign with Ocean Rig’s semisubmersible Leiv Eiriksson in the Barents Sea. The monitoring system was installed during a 2-day operation July 7 – 8th. The agreement continues 4Subsea’s cooperation with Lundin Norway on monitoring of drilling campaigns.

poLight completes successful private placement

poLight® AS has raised NOK 160 million in equity capital through a private placement among new investors and existing shareholders. The private placement, which was oversubscribed, attracted several established leading Norwegian and international institutional investors. poLight aims to complete an IPO within one year. At the same time, the company continues its efforts to commercialize its leading autofocus lens – TLens® – for mobile phone cameras.

AddSecure sold to ABRY Partners

Viking Venture is pleased to announce the sale of portfolio company AddSecure to ABRY Partners, a Boston US based private equity firm. AddSecure is the Nordic market leader providing secure mission-critical machine to machine communications for security and other applications across a wide range of verticals including healthcare, public safety, transportation and utilities.

EcoOnline AS acquires 100% of ChemiControl ApS

ChemiControl ApS and EcoOnline AS have joined forces. The move is expected to create synergies for the customers and strengthen EcoOnline’s overall position in the Chemical Documentation Software segment in the Nordics.

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