This was stated in a press release sent by the company on Thursday, August 11th.
Manag-E offers digitization and adaptation solutions in the form of software services, and was able to show sales of NOK 40.7 million last year.
We have been discussing different strategies for growth for some time, and we are convinced that we can develop better as part of a larger group, says Manage-E President Rolf Frydenberg in the letter.
On the other hand, Orbify.AI helps its portfolio companies with sales and marketing, but also helps develop software solutions within the workflow.
– We are really impressed with the experience and customers that Manag-E has, and want to contribute to expanding the growth even further, says Orbiby.AI Managing Director, Axel Tenvik, and believes he sees significant growth potential for both Manag-E in Norway and internationally.
According to the announcement, the purchase price will not be disclosed, as the transaction is a combination of a cash-settled and equity stake in Orbify.AI.
Following the completion of the deal, this marks the software company’s third acquisition in less than a year.
They recently acquired the two companies Strategy Orchestrator and InXight, which are now combined into a single company.
“Web specialist. Lifelong zombie maven. Coffee ninja. Hipster-friendly analyst.”
