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Land | Norge |
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Sektor | Informationsteknik |
Industri | Programvara |
2021-11-03 16:00:56
Høvik, 3 November: House of Control Group AS (HOC) today announces the closing
of the acquisition of Keyforce AS.
Reference is made to the Oslo Stock Exchange notification from House of Control
Group AS (the "Company") of 29 October 2021 regarding the share purchase
agreement related to the acquisition of 100% of the shares in Keyforce AS. The
Company is pleased to announce that the acquisition was finalized and closed on
3 November 2021, as outlined in the 29 October 2021 notification. The
transaction will be settled by NOK 42.5 million in cash.
For further information please contact:
CFO Carl Fabian Flaaten
Cell: +47 90 04 31 84
Email: carlfabian@houseofcontrol.no
About House of Control:
House of Control develops SaaS (Software as a Service) solutions. These are
digital tools that the CFO can easily apply to improve the performance of the
finance department and - ultimately - the whole company. The CFO toolkit
contributes to at least four important tasks: Cut costs, save time, reduce risk,
and improve compliance - all key ingredients of a better-working finance
department. Private and public enterprises use the software to manage contracts
and assets, comply with IFRS 16 requirements, communicate with suppliers, and
organize procurement. House of Control's strong revenue growth is supported by a
unique salesforce, and approximately 95 percent of sales are annual recurring
revenues.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.