House of Control, a part of Visma Group Strengths, Domain Expertise, and Key Differentiators
The House of Control solution provides businesses with the chance to eliminate automatic renewals and avoid unnecessary costs and equipment. This efficient, user-friendly solution prioritizes first-class information security. Complete Control is suitable for both small companies and large corporations. Additionally, the standard solution can be tailored with specialized modules to meet specific needs.
A key advantage of Complete Control is the capacity to manage contracts and liabilities independently of individual personnel. In many organizations, contracts are signed at various levels and by different individuals. Maintaining a clear overview can become challenging, especially when dealing with fluctuations in staffing due to factors such as sick leave, job changes, or departures from the company.
House of Control, a part of Visma Group Recent Developments
House of Control is now an independent business in the Visma family.
At the beginning of 2015, Viking Venture, a Norwegian investment company, joined as a co-owner with the objective of fostering international expansion and accelerating innovation from 2016 onward for House of Control AS. The company remains independent and neutral.
House of Control, a part of Visma Group Mergers and Acquisitions (M&A) Activities
Visma successfully acquired all remaining shares of House of Control (HoC), a Norwegian SaaS company listed on Euronext Growth Oslo. The voluntary cash offer of NOK 11.20 per share, initiated on September 28, 2022, was accepted by around 98% of HoC's shareholders. Visma now completed a compulsory acquisition of the remaining shares, and HoC has requested the delisting of its shares from Euronext Growth Oslo.
In October 2021, House of Control Group finalized an agreement to acquire Keyforce AS in Norway. This strategic move significantly enhances House of Control's integration capabilities and positions it for expanded Business Intelligence offerings in the future. Keyforce, with an annual recurring revenue (ARR) of NOK 14.5 million, serves over 850 customers and around 19,000 end users across various industries in the Nordics. The transaction values Keyforce at 2.93 times ARR on a debt-free basis, with the settlement in cash upon closing. Additionally, there is an earn-out element capped at NOK 10 million, contingent on future ARR growth.
In September 2021, House of Control Group finalized an agreement to acquire Egreement AB in Sweden. This strategic acquisition significantly enhances the House of Control's SaaS offerings in contract workflow and digital signatures. Egreement boasts an annual recurring revenue (ARR) of SEK 12.7 million, reflecting a 40% increase in the last 12 months, with a customer base of over 300 and 1,600 users spanning various industries, primarily in Sweden. The transaction values Egreement at 3.5 times ARR on a debt-free basis, and the settlement will be in cash upon closing. Additionally, there is an earn-out element capped at SEK 20 million, contingent on future financial development.
In April 2021, the House of Control Group announced an agreement to acquire Business Analyze AS. This acquisition enhances CFOs' data control through a unified dashboard, integrating House of Control's tools. With nearly 300 customers across industries, Business Analyze generates annual recurring revenue (ARR) exceeding NOK 10 million from Business Intelligence solutions. This strategic move reinforces House of Control's commitment to providing a comprehensive business overview for faster, informed decision-making, making it an invaluable ally for CFOs.
House of Control, a part of Visma Group Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying House of Control, a part of Visma Group applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of House of Control, a part of Visma Group and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Complete Control customers.
House of Control, a part of Visma Group Overview
O. H. Bangs vei 70
Hovik, x, N-1363, Norway
47 815 66 355
https://www.houseofcontrol.com/
Ownership: - x
Number of Employees: 170
Functional Markets: Content Management, EPM, ERP Financial, ERP Services and Operations, Procurement,
Key Verticals: Automotive, Banking and Financial Services, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
House of Control, a part of Visma Group Key Enterprise and Cloud Applications
Complete Control
House of Control, a part of Visma Group Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
House of Control, a part of Visma Group Revenue Breakdown By Type, $M:
House of Control, a part of Visma Group Enterprise Applications Revenues By Functional Markets, $M:
House of Control, a part of Visma Group Enterprise Applications Revenues By Verticals, $M:
House of Control, a part of Visma Group Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
House of Control, a part of Visma Group Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
House of Control, a part of Visma Group Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified House of Control, a part of Visma Group Customers
No. of House of Control, a part of Visma Group Customers: 2700
No. of House of Control, a part of Visma Group Enterprise Applications Customers: 2700
No. of House of Control, a part of Visma Group Cloud Customers: 2700
No. of House of Control, a part of Visma Group Cloud Subscribers: 275000
House of Control boasts a clientele exceeding 2,700 businesses across 65 countries. Notable among its diverse customer base are companies such as Sparebanken Vest, Elkjøp, Modulvegger AS, Pareto Securities AS, Brandsdal Group AS, and numerous others.
House of Control, a part of Visma Group Market Opportunities, M&A and Geo Expansions
Integration into the Visma family is the culmination of an extensive collaborative effort. Through this acquisition, they are now affiliated with a robust brand and have become integral to a company with a financially secure foundation. This holds particular significance for customers placing a premium on reliability and assurance in their providers of mission-critical software.
The Comprehensive Control Rent module provides a comprehensive view of all rental contracts and tenancies related to your business properties. It consolidates information on rental agreements, price adjustments, property conditions, accounts receivable, and accounts payable. The module ensures timely reminders for deadlines, offering full control over notice periods and option dates. It monitors due dates, price adjustments, periodic maintenance, and contract durations, sending notifications at agreed-upon intervals.
House of Control, a part of Visma Group Risks and Challenges
Due to the compact yet collaborative nature of the lease accounting market, the House of Control must consistently engage in active efforts and ongoing enhancements to refine its product.
House of Control, a part of Visma Group Ecosystem, Partners, Resellers and SI
House of Control now serves over 2700 clients in 65 countries through its headquarters in Norway and its subsidiaries in Sweden, Denmark, and Finland.
House of Control, a part of Visma Group Cloud Infrastructure Insights
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- House of Control, a part of Visma Group Public Cloud and Infrastructure (IaaS)
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- House of Control, a part of Visma Group Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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