Viking Venture acquires FotoWare

The company offers its software either on-premise or through a cloud-based system. It has gained 250,000 users and 4,000 customers over the past 20 years. In 2019, its annual recurring revenue reached NOK 44m. 

FotoWare CEO Anne Gretland said: "The use of digital asset management (DAM) solutions is widespread in the media industry where FotoWare have a stronghold. However, we are now seeing the demand for DAM solutions grow steadily regardless of industry."

Company
Founded in 1997 and headquartered in Oslo, FotoWare is a software-as-a-service company providing digital asset management software to other businesses. It counts NBC Universal, Financial Times, the Economist Group and London Metropolitan Police among its 4,000-strong customer-base. The company employs 36 staff and generates annual recurring revenues of NOK 44m.  

People
Viking Venture – Jostein Vik (partner).
FotoWare – Anne Gretland (CEO).

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