24SevenOffice

24SevenOffice is a Norwegian enterprise software company and brand focused on web-based software-as-a-service applications for business administration. Its principal offering is an integrated ERP environment combining functions such as accounting, invoicing, customer relationship management, email, document and file handling, and project management. The company was an early Scandinavian advocate of delivering enterprise applications through the web rather than through software installed on individual computers, with a particular emphasis on small and medium-sized businesses. The business originated in 1997 in Porsgrunn, Norway, under the name IKT Interactive AS. Its product concept had been developed the previous year, and the service was initially marketed as kontorplassen.no. The 24SevenOffice name was first used for the company’s London operation when it entered the British market in 2003. The corporate name changed to 24SevenOffice in February 2005. The company began in Skien, subsequently moved to the Oslo Innovation Center and then to Tjuvholmen in Oslo’s Fjord City. The reference material identifies its later headquarters as Inkognitogaten 33 near Solli plass in Oslo. International expansion was an important part of the company’s early development. A British office was established in 2003, and the company launched its web-based business utility system for the United Kingdom SME market in 2004. It opened an office in Chennai, India, in 2005 and entered Sweden through the acquisition of ERP competitor Start & Run. In 2006 it established a presence in Frankfurt for the German-speaking market and expanded its Stockholm sales operation. The company also pursued partnerships in payroll, human resources, online banking, invoicing, telecommunications, and web collaboration, seeking to make its platform a broader operating environment for companies rather than a standalone accounting product. 24SevenOffice was publicly financed and traded for part of its history. An initial public offering in 2005 reportedly raised NOK 15 million, and the company joined the Norwegian Over the Counter Market in October of that year under ticker 24SO. It later entered Oslo Axess in June 2007 under ticker TFSO. The company remained loss-making during parts of this period, although reported revenue growth accelerated in 2008 and 2009. It reported its first positive EBITDA in the second quarter of 2009. In June 2013, shareholders approved taking the company off the stock exchange and returning it to private ownership. The company’s later business development placed increasing weight on finance and accounting. Its customer base included major auditing firms such as PwC and KPMG, and in 2011 the Norwegian Association of Auditors entered an arrangement under which it recommended 24SevenOffice to its members. The available reference material does not establish the company’s current ownership, leadership, official website, exact present-day geographic footprint, or operating status. Those details are therefore left unconfirmed rather than inferred.

24SevenOffice began as IKT Interactive AS in Norway in 1997, although the underlying product idea had been developed in 1996. The company initially marketed its service as kontorplassen.no and was based in the Skien area. Its early proposition was significant in the Scandinavian software market because it delivered enterprise resource planning functionality through a web browser. Rather than treating accounting and administrative applications as isolated desktop programs, the company sought to make them available as an integrated online service. The 24SevenOffice name emerged during the company’s international expansion. It was used for the London branch established in 2003, when the business entered the United Kingdom. A web-based software service was launched for the UK SME market in 2004. In February 2005, the company adopted 24SevenOffice as its corporate name. It also broadened its physical footprint, opening an office in Chennai and entering Sweden through the acquisition of Start & Run, described in the source as a leading Swedish competitor and ERP provider. The company later established operations in Frankfurt and expanded its Stockholm sales presence to support the German-speaking and Swedish markets. During 2005 and 2006, 24SevenOffice pursued growth through financing, partnerships, acquisitions, and brand-building. It raised NOK 15 million through a 2005 IPO and entered the Norwegian OTC market in October. Further scrip issues between October 2005 and July 2006 reportedly raised NOK 25 million. The company signed or announced arrangements involving Bluegarden, Webex, Fokus Bank, and other technology or financial-services businesses. These initiatives were intended to extend the platform into payroll and human resources, online banking, communications, invoicing, and collaboration. In 2006, the company also sponsored rally driver Petter Solberg through an arrangement reported to include equity in place of part of the cash sponsorship. The company’s relationship with Active 24 became a major legal and strategic episode. The two businesses began cooperating on a common platform in early 2006, but Active 24 was acquired during that year by Mamut, a competitor of 24SevenOffice. The agreement was terminated, and 24SevenOffice sought substantial compensation for alleged lost revenue. The dispute moved from settlement discussions to the Oslo District Court, then to the Borgarting Court of Appeal. The company’s claims were rejected, and later proceedings concerning a counterclaim resulted in a damages award that was reduced on appeal in 2011. This litigation shaped the company’s history but does not by itself establish a broader scandal classification. By 2007, the company reportedly had approximately 9,000 customers and had joined the OpenAjax Alliance. It entered Oslo Axess in June of that year, although the source notes that it was still losing money. The company reported revenue of NOK 21.7 million for 2007. In 2008 it acquired half of telecommunications company Oyatel, partnered with Nets on business invoicing, and supplied its second-generation internet platform to Telipol for a user base reported at 8,000. Revenue growth continued into 2009, when the company reported NOK 37 million in first-half turnover and its first positive EBITDA in the second quarter. The later history placed stronger emphasis on finance and accounting. In 2011 the Norwegian Association of Auditors entered an agreement under which it recommended 24SevenOffice to its members. The company also attracted large auditing firms, including PwC and KPMG, as customers. On 27 June 2013, shareholders approved delisting and privatization. The available reference material does not provide reliable current information about ownership, management, product versions, or whether the company remains active under the same corporate structure. These matters remain unconfirmed.

1. 2013Delisting and privatization

   Shareholders approved taking the company off the stock exchange and privatizing it.

   Source
2. 2011Auditor association recommendation

   The Norwegian Association of Auditors agreed to recommend 24SevenOffice to its members.

   Source
3. 2009First positive EBITDA

   The company reported positive EBITDA in the second quarter after revenue growth in the preceding period.

   Source
4. 2007Oslo Axess listing

   The company joined Oslo Axess under the historical ticker TFSO and reported a customer base of about 9,000.

   Source
5. 2006Expansion of partnerships and European operations

   24SevenOffice developed partnerships in human resources, communications, and online banking, while opening or expanding operations in Germany and Sweden.

   Source
6. 2005Corporate rebranding and public offering

   IKT Interactive changed its name to 24SevenOffice, raised NOK 15 million through an IPO, and entered the Norwegian OTC market.

   Source
7. 2005Swedish acquisition and Indian office

   The company entered Sweden by acquiring Start & Run and opened an office in Chennai, India.

   Source
8. 2004UK SaaS launch

   The company launched its web-based business software service for UK small and medium-sized enterprises.

   Source
9. 2003London expansion

   The company established a British office and began using the 24SevenOffice name for its London operation.

   Source
10. 1997Company founded as IKT Interactive AS

    The Norwegian company was established in Porsgrunn and initially marketed its service as kontorplassen.no.

    Source
11. 1996Product concept developed

    The concept for the company’s web-based business software was developed before the business was formally founded.

    Source

Integrated cloud ERP and business-management software for companies, with particular historical emphasis on financial administration, accounting, CRM, invoicing, and related back-office workflows.

• 24SevenOffice ERP platformenterprise resource planning software

  The core 24SevenOffice platform is a browser-based SaaS ERP environment for consolidating business administration in an online system. The documented modules include accounting, invoicing, CRM, email, document and file management, and project management. It was designed to give businesses a shared operational platform rather than a collection of disconnected desktop applications. The available material does not provide current editions, pricing, technical architecture, or detailed customer segmentation.

• Accounting and financefinancial management software

  The finance and accounting component is a central part of the brand’s documented positioning. It supports business administration related to accounting and invoicing, and the company later emphasized finance and accounting as an area of investment. Partnerships involving banks and invoicing providers also indicate an effort to connect the accounting environment with adjacent financial workflows. Specific module names and current functionality are not confirmed by the available source.

• CRM and project managementbusiness productivity software

  The documented product suite includes customer relationship management and project-management functions. These capabilities extend the platform beyond bookkeeping by supporting customer information, work coordination, and operational administration. They were presented as components of the broader web-based ERP and CRM system rather than as separately documented consumer brands. Detailed workflows, integrations, and present-day release information are unavailable in the supplied references.

• 2006Petter Solberg rally sponsorship

  Norway

  24SevenOffice sponsored Norwegian rally driver Petter Solberg in what was described as one of the largest private sponsorships in Norwegian sport at the time. The arrangement reportedly included a 2.9 percent ownership interest in the company instead of NOK 5 million in cash.

  Outcome. The sponsorship connected the enterprise software brand with a prominent Norwegian sporting figure. The source does not provide measured marketing results.

  Source

• 2013Delisted and privatized the companyStrategy

  After a period as a publicly traded software company, shareholders considered a return to private ownership.

  What changed. On 27 June 2013, shareholders approved removing 24SevenOffice from the stock exchange and privatizing it.

  Aftermath. The company ceased to be publicly traded. Subsequent ownership and corporate developments are not established by the supplied material.

  Source
• 2006Expanded the platform through strategic partnershipsStrategy

  The company aimed to extend its ERP and CRM platform into adjacent business functions and connected services.

  What changed. It entered arrangements involving Bluegarden, Webex, Fokus Bank, Nets, and other organizations in payroll, communications, banking, and invoicing.

  Aftermath. The partnerships broadened the platform’s intended business ecosystem, although the available material does not establish the long-term status of each arrangement.

  Source
• 2005Adopted the 24SevenOffice corporate identityStrategy

  The 24SevenOffice name had been introduced for the London branch during international expansion, while the company still operated under IKT Interactive AS.

  What changed. The company formally changed its name to 24SevenOffice in February 2005.

  Aftermath. The new identity became the primary brand for the company’s international web-based ERP and CRM activities.

  Source
• 2005Acquired Start & RunM&A

  The company sought entry into Sweden and acquired a local ERP competitor and provider.

  What changed. 24SevenOffice purchased Start & Run in a cash transaction.

  Aftermath. The transaction supported entry into the Swedish market and was followed by a Stockholm sales operation.

  Source

• 2013Shareholders privatized 24SevenOffice

  On 27 June, shareholders approved removing the company from the stock exchange and returning it to private ownership.

  Other
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• 200924SevenOffice reported improving operating performance

  The company reported first-half turnover of NOK 37 million and positive EBITDA in the second quarter, according to the cited historical account.

  Other
  Source
• 200824SevenOffice lost its Active 24 appeal

  The Borgarting Court of Appeal rejected the company’s claim in the contractual dispute with Active 24. The case generated additional costs for 24SevenOffice.

  Lawsuit
  Source
• 200724SevenOffice entered Oslo Axess

  The company was admitted to Oslo Axess in June under ticker TFSO. Reference material reported a market capitalization of NOK 120 million at the time.

  Other
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• 200624SevenOffice sponsored rally driver Petter Solberg

  The company entered a sponsorship arrangement with Norwegian rally driver Petter Solberg. The reported consideration included an equity stake rather than solely a cash payment.

  Campaign
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• 200624SevenOffice entered the German-speaking market

  An office was opened in Frankfurt, followed by a larger Stockholm sales operation supporting the Swedish market.

  Other
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• 200624SevenOffice disputed the termination of its Active 24 agreement

  After Active 24 was acquired by Mamut, a competitor, 24SevenOffice ended a strategic cooperation agreement and sought compensation. The dispute later continued through Norwegian courts.

  Lawsuit
  Source
• 200524SevenOffice changed its corporate name

  IKT Interactive AS adopted the 24SevenOffice name in February, formalizing the brand that had first been used for its London operation.

  Other
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• 200524SevenOffice completed an IPO and entered the Norwegian OTC market

  The company raised NOK 15 million in its initial public offering and began trading on the Norwegian Over the Counter Market in October under ticker 24SO.

  Other
  Source
• 200524SevenOffice expanded into Sweden and opened an India office

  The company established an office in Chennai and entered Sweden through a cash acquisition of ERP provider Start & Run.

  M&A
  Source
• 200324SevenOffice established a British office and entered the UK SME market

  The company opened a British office and subsequently launched its web-based business software service for small and medium-sized enterprises in the United Kingdom.

  Other
  Source

1. 24SevenOffice