Profitbase has entered into a partnership with family office Øgreid in a high minority share transaction to accelerate growth. Management and key individuals retain majority ownership.
Alpha Corporate Finance has acted as financial advisor to Profitbase.
Profitbase AS is a leading Norwegian Business Intelligence (BI) software solutions provider with a 30 year track record in business management IT, delivering "Better Information Faster" to enterprise customers. Profitbase has around 65 employees across four locations in Norway (Sandnes, Oslo and Bergen) and in the US (York, Pennsylvania).
Øgreid AS is a holding company with a 125 year history of industrial development within retail, industry and offshore. Headquartered in Stavanger, Øgreid has a stated focus on regional investments.