EG closes acquisition of Ørn Software Holding AS

We would like to share the news from EG, as we now are part of the EG group. Due to the acquisition, MainManager will change logo and corporate identity.


The new MainManager logo will be in use from the 1th of October 2022


Copenhagen, 1 August 2022 – Today EG, a leading Nordic software company, announced the closing of the acquisition of the Norwegian company Ørn Software Holding AS.

As all closing conditions are met, including the approval by Norwegian and Finnish authorities, the offer was successfully completed on 1 August 2022.

“I am very satisfied that the shareholders and the authorities have given their approval and that we can now start the collaboration with Ørn Software’s employees and customers,” says CEO Mikkel Bardram, EG.

For more information on closing, please refer to the stock exchange announcement regarding the closing

The Norwegian software company with 160 employees has operations across the Nordic countries, including Iceland. The company has a broad product portfolio of leading software-as-a-service (“SaaS”) offerings within Real Estate Management, Energy and Sustainability Management, Industrial Maintenance and Quality Control.

“EG can support the Ørn Software management team to continue their acquisition journey and help them to further integrate the companies they have already acquired. I look forward to joining forces with our new colleagues and to working with the great products and customer relationships they bring,” says Mikkel Bardram, EG.

Following the completion of the transaction, EG will initiate the delisting of Ørn Software Holding AS from the Euronext Growth Oslo. 

About Ørn Software

Ørn Software is a Nordic provider of SaaS solutions enabling efficient operations and maintenance across a wide range of asset-heavy industries, including real estate, manufacturing, food & beverages, and aquaculture.

The Company’s software provides customers with improved insight through data-driven operations and contributes to increased efficiency and reduced costs through digitalization of facility management and rental processes, data-driven maintenance, scheduling of resources and energy optimization.

All the above contribute to the lengthening of property and equipment lifespan, a key component of Ørn Software’s value proposition. Furthermore, the Company’s offering enables customers to reduce their environmental footprint and provides digital tools to meet reporting and regulatory requirements.

Read more about Ørn Software 

About EG

EG is a vendor of Nordic Vertical Software for private and public customers. EG’s Software-as-a-Service offerings are developed by specialists with deep industry and domain knowledge, supporting business-critical and administrative processes.

EG employs 1,700+ people primarily in the Nordics and in 2021, Group revenue was DKK 1.755 billion.

Read more about EG

For further information

Spokesperson
Mikkel Bardram, CEO, EG

Press contact
Communication Manager Per Roholt, +45 2060 9736

New identity for MainManager


As you might know, MainManager was bought by Norwegian company, Ørn Software, in December 2020.

We are still the same people working on the MainManager software. We are continuing to develop solutions, dealing with and maintaining the contact with our customers.

What is new, is that we are part of a much bigger picture. With a broader range of solutions.

As described on Ørn Softwares website:

We are field leaders in industrial maintenance and management, as well as in facility and property management. Now we are about to secure an equally strong position within Norway’s second biggest export: aquaculture. We also offer solutions for businesses wishing to keep tabs on their energy consumption and their environmental footprint. Our user-friendly systems give all its users a complete overview of business critical tasks, thus facilitating better cooperation and streamlining operations. This ensures an efficient management of real estate and industrial assets, as well as the ability to document sustainable operations

Ørn Software
Nature at its finest. New imagery for MainManager.

New imagery and logo for MainManager

As a result of the sale, we are happy to show off the new logo for our product. We hope you like it and get used to the change.

New MainManager logo

Our Facebook and LinkedIn pages have also gone through a few changes, so pop by to have a look.

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The Ørn Software family is growing!


FACILIT – NORWAY

In early March 2021, Ørn Software acquired the Tromsø-based software company Facilit, thus gaining an impressive portfolio of new customers in the public sector in Norway

“Facilit has had impressive results and fits the Ørn portfolio perfectly. This acquisition strengthens our position nationally in the Facility Management field,” says Ørn Software’s CEO Sten-Roger Karlsen. The acquisition gives Ørn Software a 39% share of the Norwegian facility management market. The acquisition also provides Ørn with 12 highly skilled employees in Tromsø and Tønsberg. Globally, this is a rapidly-expanding business area. Even better systems for sustainable management, operations, maintenance and development of property will be required in the future.

“Facilit has developed flexible and modern software that has been well received in their part of the market. Markets where Ørn Software so far has had a relatively small presence, such as Norwegian municipalities and counties. So, market-wise we complement each other very well,” Karlsen continues.

Read the full story here


GOING PUBLIC

On the 29th of March 2021 Ørn Software went public on Euronext Growth in Oslo

The IPO is a huge milestone in Ørn Software’s history of strong growth. The listing on Euronext Growth represents a solid platform on which we can build our growth story further. Over the last few years, we have continued to improve our customer proposition and broaden our geographical footprint. This combination of organic and acquisition-driven growth initiatives has led to an annual recurring revenue that on average has increased 80 % per year in the period 2017-2020.

Ørn Software goes public
From left: Joar Welde – Board Chair, Erik Hagen – Board member, Vidar André Løken – CFO, Ørn Software, Sten-Roger Karlsen – CEO, Ørn Software

Capital increase of NOK 250 million

CEO of Ørn Software, Sten-Roger Karlsen, emphasizes that the listing on Euronext Growth in Oslo will enable the company to continue its strong growth. Ørn Software raised NOK 250 million in new equity ahead of the listing, and attracted a range of high-quality investors, including Swedbank Robur, BI Asset Management, Aktia Asset Management, and Tar Heel Capital. Based on the offer price of NOK 10.50 per share, the market capitalization of Ørn Software is NOK 902 million, including the new shares.

Ørn Software’s largest shareholder since 2017, Viking Venture, has during the last nine months IPO’ed four of its portfolio companies – all B2B software as a service companies with M&A driven growth.

Read the full story here


LANDAX – NORWAY

Our adventure continued in May, when we could add Landax to the family

Landax has a unique position within the Quality Management space, and its platform offers an impressive width in functionality that perfectly complements our existing portfolio. Landax represents an offering that is highly attractive for Ørn’s existing customers, and vice versa. The acquisition adds 540 new customers to Ørn Software’s portfolio, including a range of large companies within Norwegian retail, logistics and industry. The acquisition also provides Ørn with 11 highly skilled employees in Norway, and a development team in Poland.

Today, companies need to continuously increase efficiency and quality to remain competitive and relevant. Implementing digital management tools is an important step towards meeting these goals. Mega-trends like digitization, smart buildings and cities, and industry 4.0 are driving the development of new technology, allowing even more value to be created with our software solutions.

Read the full story here


RAPAL – FINLAND

Last, but not least. Today, Ørn Software could announce the acquisition of Finish company Rapal

The acquisition adds 250 new customers to Ørn Software’s portfolio. Not only real estate companies, but also real estate tenants and architectural offices. It also provides Ørn with 70 highly skilled employees in Espoo, Finland, and a subsidiary in San Francisco. The US business is primarily focused on workplace analytics and smart office solutions. This gives consultants and architects access to tools used in the design phase of building projects to optimize space utilization.

“Through the acquisition of Rapal, Ørn Software continues to execute on its geographical expansion and growth plan. Rapal’s offering is highly complementary to Ørn’s real estate platform, with best-in-class solutions for lease, space and workplace management. Rapal’s Smart office solution meets the post-Covid demands perfectly, empowering companies to ensure a safe return to a more dynamic and flexible workplace”

Sten-Roger Karlsen, CEO Ørn Software

The acquisition of Rapal represents Ørn Software’s first step into Finland. After the acquisition of Rapal, we will be represented in all the Nordic countries. This will give us huge cross-selling opportunities in each region and across borders.

“I am excited to start working with Ørn. It was obvious from the very beginning that there is no overlap in our offering, neither geographically nor in terms of content, even though the customer segments are the same. This offers us great possibilities to provide our customers with a unique and versatile product portfolio. As the CEO and main owner of Rapal for over thirty years, I am particularly happy to join the Ørn family, which I find very professionally managed and share same vision as we do; to be a recognized and leading SaaS-provider in the fragmented space and occupancy management markets in Europe,”

Tuomas Kaarlehto, CEO Rapal

Read the full story here


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MainManager changes it’s name to Ørn Software


At the end of December 2020, the Norwegian software company View Software bought all shares in MainManager ApS. The companies have now merged under the name Ørn Software.

From ultimo April, MainManager’s company name will be changed to Ørn Software ApS in the CVR register and on our invoices. Our CVR number does NOT change, as we are only changing our name. The name change is part of establishing a common vision and values ​​of all companies within the Ørn Software family. Ørn Software has succeeded well in the M&A market. We had four acquisitions in 2020 alone: Pixelwerk, Avector, MainManager and Entro IT, in addition to Facilit in 2021. Together we use our strengths to create a comprehensive range of information technology solutions and strengthening business services.


We give you the big picture. That is why we from 2021 onwards will be called ØRN Software.

The king of the sky has an eyesight eight times more powerful than that of humans. The eagle flies higher than any other bird and can rotate its head 210 degrees. It has two focal points in its eyes, so that it can look both straight ahead and sideways at the same time!

In the same manner, we help our customers to both see the tiny details as well as the whole picture.


Ørn Software offers SaaS (Software as a Service) solutions with an emphasis on real estate and quality management as well as solutions for energy efficiency and sustainability. There is a great demand for digital solutions that contribute to increased efficiency in real estate management. We are fully involved in the exciting development that is taking place in the industry.

We are a fast-growing company and have doubled the turnover last year with over 1,200 customers in the Nordic region, aiming to be a Nordic leader in our core areas. We are also entering foreign markets.

On March 29th, 2021, Ørn Software was listed on Euronext Growth in Oslo. The company raised NOK 250 million in new equity ahead of the listing, which enables the company to continue to grow. This way we can offer our customers an even more diverse range of solutions and services. Read that story here!

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And then we take… Japan


We are thrilled to announce our collaboration with Global BIM and KAJIMA Corporation in Japan and Singapore.


Together with One Eighty in UK and the Kajima branch in UK and Ireland, MainManager are working in some exciting projects in Japan and Singapore such as Yokohama Gate Tower, Hakata station in Japan and BIM developments in JTC project in Singapore. We are really happy – and very proud – about this unique collaboration!

MainManager recently signed a contract with GlobalBIM in Japan, a subsidiary company of Kajima Corporation. This means that MainManager FM software will be distributed in the Japanese and Singaporean market, which is really exciting for us in MainManager.

GlobalBIM is – through Kajima Corporation – already engaged in using MainManager in big projects, such as the JTC joint research project in Singapore, Yokohama Gate Tower and Hakata Station 4-chome in Japan and few others.

This is the result of a very good cooperation between MainManager and our partners. By taking this step together, Global BIM and Kajima Corporation are taking a lead in the Asian market, in using BIM in Facility Management.


Yokohama Gate Tower. 84000m2 building in Yokohama, Japan.


As our contact Bata Tamas in Global BIM says:

Global BIM Inc. initially selected MainManager as partner and IWMS software solution for the Kajima Group, a leading AEC company in Japan. Our group now believes that this software offers unique value to all our external customers and is currently working with leading AEC and Facilities Management companies in customizing the delivery of products and services to meet the highest quality and the most challenging needs of customers in Japan and Singapore. In the future, considering the latest technological trends such as IoT, AR/VR, and AI, we will promote integration with public databases and development. In addition, global BIM Inc. is also looking ahead to the future of the built environment and envisions a fully integrated digital twin supported by an ecosystem of diverse solutions centered on MainManager

バタ タマーシュ (Tamas, Global BIM)

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View Software Acquires MainManager


New chapter for MainManager

The MainManager team is looking forward to being part of View Software and the Viking Venture family. We have found a perfect match for our vision and ambition to be a leading company within Facility Management in the Nordic region and other countries. We are experiencing a major shift in the construction industry. Professional building owners are gaining much more focus on how to efficiently managing their building portfolio. Using FM tools enables them to make even better decisions about new facilities and more sustainable solutions.

Who is View Software?

View Software is a Norwegian company with a dominant position in the development of software to support all forms of digital maintenance and energy follow-up. The company was founded in 1990 and has its headquarter in Trondheim. Their current activities are based in Scandinavia, but they have a clear strategy and goal of expanding in other parts of the world.

In recent years, View Software has acquired a number of software companies that support the maintenance of production equipment, aquaculture and properties. Read more about viewsoftware.

With the acquisition of MainManager, we have gained access to a modern software platform that will quickly strengthen our competitiveness in Scandinavia. When we look across our portfolio, we will be able to put together unique industry-specific solutions. Solutions that will enable our customers to realize even greater gains with View MainManager in the future.

Sten-Roger Karlsen, CEO View Software 

View Software Acquires MainManager

Why selling MainManager?

At MainManager, we have always had ambitions to distribute the solution to the whole world. After 30 years in the Nordic region, we have learned that it requires in-depth market understanding and capital to gain a foothold in new markets. The owners of MainManager see the transfer as an important part of being able to realize the company’s full potential. We believe that View Software can meet this long-term strategic challenge. View works professionally with sales. Customer Success and User Experience Design are among the company’s core competencies. We have no doubt that it will benefit our current and new customers.

Will the sale lead to any major changes?

The founders of MainManager, Gunnlaugur B. Hjartarson and Gudmundur Ludvigsson, will remain in the company. They will become investors in View Software in connection with the transfer. All other employees remain in the company after the takeover. Our Icelandic team continues to work tirelessly from Reykjavik, and daily tasks will still be solved from our offices in Oslo and Copenhagen. MainManager’s brand and interface, lives on. We look forward to welcoming you and a lot of new users to View MainManager.

Best regards

Guðrún Rós Jónsdóttir, CEO MainManager

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Hattrick for MainManager!


MainManager – ‘Excellent in Iceland’ – three years in a row

In September 2020, MainManager Facility Management once again received the Fyrirmyndarfyrirtæki í Rekstri (Excellent in Iceland) recognition by Viðskiptablaðið and Keldan. MainManager is among the 3% of companies in the country to receive this award. Now we have received it three years in a row – and we are pretty happy about the hattrick!


MainManager Facility Management - 'Excellent in Iceland' three years in a row
We are really happy to have accomplished this, three years in a row now.

In order to get listed, companies need to live up to various conditions;

The companies must have delivered a positive return in the 2019 fiscal year. Revenues must have exceeded 30 million IS krónur, assets over 80 million, and the equity ratio must have exceeded 20%. In addition, other factors, like the results from previous year are taken into account.

But that’s not all

In addition to receiving the ‘Excellent in Iceland’ recognition, we are really excited about the development of our future MainManager FM version. We have learnt a lot within Facility Management for the last few years, and we are still learning. We have a great team, that consists of a diverse group of talented individuals that are passionate about delivering an outstanding product and service. That’s how we move forward in such a good way.

Big shoutout to MainManager Facility Management offices in Denmark and Norway, we all pull together! Hopefully we get to hang out together again – both customers and MainManager teams – across the different countries, when the world opens up again. In the meantime – stay safe out there.


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Kristians visit to Aalesund

Kristian visited Aalesund last weekThe new Aalesund municipality is the result of a merger of five municipalities on…

Posted by MainManager on Wednesday, March 11, 2020

FACILITY MANAGEMENT CONFERENCE IN ICELAND

Last Friday we held a Facility Management conference in Iceland.  The goal was to talk about the different uses of MainManager in Denmark and Norway. We also wanted to share what we have learnt within Facility Management for the last few years.

This was one of the hottest days until now in the Icelandic summer (around 10 degrees). That did not stop the enthusiastic crowd of Facility Managers from attending our conference. We would like to thank them all, because we know how hard it is for an Icelander to stay inside, when there is sunshine outside : )

TALKS

After a nice introduction from our CEO Guðrún Rós Jónsdóttir, Gulli B. Hjartarson, the Manager of MainManager Norway, honoured us with the first talk of the day. He told us everything (and more!) about Facility Management and the effects of the digital revolution on Facility Management as an industry. He was followed by our Norwegian based employee Einar, who told us about Statsbygg (The Norwegian Directorate of Public Construction and Property), and how MainManager has become one of the critical systems within their organisation. 

Statsbygg’s use of MainManager by Einar

THE DANISH MARKET

After a 15 minute break where attendants were able to stretch their legs and consume some fuel in the form of mini burgers, it was time to talk about our Danish market.

Our Danish Branch Manager, Guðmundur, kicked it off by talking about how Danish municipalities are using MainManager, focusing on the Danish municipalitie Slagelse. He then moved on to talking about Region Midt (Central Denmark Region), and how they are using BIM within MainManager. Our Iceland based employee, Þorgerður, then concluded the Danish part of the conference, by talking about Copenhagen University, and how they use MainManager within Space Management.

Our energy specialist in Iceland, Sævar, then proceeded to talk about how MainManager can be used within energy consulting. 

Sævar on energy consulting

SNEAK PEAK TO MAINMANAGERS NEW SOLUTION

Then it was time to give participants the opportunity to stretch their legs again before the last talk of the day.  Elísabet, Guðjón and Hilmar gave participants a glimpse into the new version of MainManager that is on its way later this year.

Hilmar and Guðjón happy to show off parts of the new solution.

Overall the conference was a big success. We hope that all the participants went home a little wiser about Facility Management as an industry, and with more knowledge on how MainManager can be used to optimize success, within that industry. We noticed that people were very excited about the development of our future MainManager FM version.

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New interface for the MainManager system

My name is Hilmar Steinthorsson and I started working with MainManager in 2001. I know I’m a dinosaur : )

In this blogpost I’m going to recap a little bit the history of the MainManager solution. I will also tell you about the exciting work that is going on at the moment. We are working on a brand new interface for the MainManager system. For the past 18 years I’ve taken part in many redesigns and changes to the MainManager system. I have to say though, that the current design we are working on, is the most exciting yet!

MainManager version 10

When I started working at MainManager, the solution was only available as a Windows program. It was accessible through something called terminal server.  The web technology was on the rise and the goal for MainManager was to design a 100% web-based solution.  That goal was first accomplished in 2010, with the release of version 10. This allowed our customers to work with all their processes on the web for the first time, without the use of a windows program on the side.

MainManager version 11

In 2012 we released version 11 of the MainManager solution.  That version contained a newly designed interface implemented with the latest web technologies available at that time.  We introduced a new process layout that guided the users through a specific process within MainManager. For the past 7 years we have made small adjustments and additions to this interface. Today our customers are using version 11.14 of the MainManager solution. Version 11 has served our customers well for this time, but is starting to show it’s wear and tear, especially with all the exciting new web technology that has emerged over the past few years. Also, the demands of our customers have changed with new devices available, such as powerful smartphones and tablets.  As a result of that we have been working on a complete redesign of the MainManager interface, using all the new technologies available.

 

MainManager version 11 – Setup of sites process

 

Facility Management is a big field that contains a lot of complex processes. The challenge when designing a FM solution is to be able to work with all these processes, while keeping it simple and intuitive for the user of the solution. Through the years we have listened to our customers while also comming up with new ideas internally.  Therefore, when we started working on the redesign of the MainManager interface, we wrote down some design goals that we would try to accomplish throughout the whole process.

Simplify as much as possible

Even though the subject of Facility Management can be a complex subject, it doesn’t mean that the FM system has to be.  In the design of the new interface we have asked the question constantly: “How can we make this as simple as possible for the end user?”. To start with we have broken down the subjects that MainManager offers into independent processes that are predefined and require minimal setup. Each process provides extensive help and guidelines and all relevant settings are readily available.  We have kept all the things that make MainManager great, such as extensive filtering possibilities, grouping of data and accessability. In the new interface though, they are presented in a more non intrusive way.  If you are not using the feature it does not interfere, but access to it is only one click away.

Responsive design

Responsive design is an approach to web design that makes web pages render well on any device and screen size.  In the new design we have used all the latest technologies available, to make every process within the solution usable no matter the device used.

 

The same module on a big screen and a small screen

The same module on a big screen and a small screen

Performance

In today’s world users are used to have access to information within microseconds.  That can be difficult to achieve when dealing with large amounts of data as the MainManager solution does.  We have completely redesigned how we present and work with data within the solution using all the latest client side technologies available.  All unnecessary refreshes have been removed and in those places that need updating of data asynchronous web service calls are used to enhance the user experience as much as possible.

Graphics

For the past years it has been possible to use what we call the 3 graphical worlds in MainManager.  Those worlds are GIS maps, interactive drawings (2D) and BIM models (3D).  It gives the user of a FM system a big advantage to be able to use these graphical worlds within his daily work for viewing information and creating it.  The problem within the current solution is that these possibilities are not as visible as they should be and therefore are not used to their full capabilities.  In the new interface, we have worked on adding these graphical capabilities to every process, by making them readily available no matter where the user is and no matter what he is doing.

 

GIS map used to show buildings

GIS map used to show buildings.

 

Possible to open up a BIM model directly from the map

You have the possibility to open up a BIM model directly from the map.

One click setup

Our goal with the new design is to be able to offer a solution that can be up and running within minutes.  The biggest hurdle in that is to populate the system with the customers relevant data such as their sites and buildings.  Therefore, we have added integrations to the public data services such as Matrikkel in Norway and BBR in Denmark.  With just one click the customer can then populate the solution with the data available in these services.  All import of data has also been redesigned in a way that the user should always have a way to populate the solution with needed data no matter the data source.

User defined

An addition to our new interface, is the possibility for our users to create their own property windows, lists, filters and new fields.  This greatly reduces the cost for our customers since these things don‘t have to be programmed any more.

When

We estimate releasing the new interface for the MainManager system to our customers later this year. We are so looking forward to allowing them to experience a completely new MainManager. Hopefully it will give them the feel of all the hard work and joy that we have poured into it. Until that time I can give you a sneak preview of the new design through this video that shows the Helpdesk process within MainManager.

 

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Until next time I bid you farewell.

Hilmar