24SevenOffice Strengths, Domain Expertise, and Key Differentiators
24SevenOffice is Scandinavia's first 100% web-based fully integrated, Cloud-based solution. With 24SevenOffice, companies get a fully integrated ERP system with everything from Accounting, CRM, Project & Timer. Each module can be purchased loosely, for example, start with CRM and add other modules later as needed.
24SevenOffice Recent Developments
In March 2019, 24Sevenoffice signed an agreement with The City University of New York (CUNY), Medgar Evers College — The School of Business, on the education of future CPAs. 24Sevenoffice will be responsible for the academic curriculum for the practical accounting system training.
24SevenOffice Mergers and Acquisitions (M&A) Activities
In September 2017, 24SevenOffice acquired a majority stake in Credité Consulting AB. To handle the rising demand for onboarding services from Swedish ERP customers and accounting firms, 24SevenOffice acquired the majority in Credit Consulting AB with 14 consultants certified on 24SevenOffice's system.
24SevenOffice Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying 24SevenOffice 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 24SevenOffice 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 24SevenOffice ERP customers.
Ownership: - 247:AKT
Number of Employees: 100
Key Verticals: Automotive, Banking and Financial Services, Communication, 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, Life Sciences, Manufacturing, Media, Faith Based Nonprofit, Youth and Elderly Care Nonprofit, Special Cause Nonprofit, Oil and Gas, Professional Services, Retail, Transportation, Utilities,
24SevenOffice Key Enterprise and Cloud Applications
24SevenOffice Revenues, $M:
|Type/Year||2018||2019||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.
24SevenOffice Revenue Breakdown By Type, $M:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
24SevenOffice Enterprise Applications Revenues By Functional Markets, $M:
24SevenOffice Enterprise Applications Revenues By Verticals, $M:
24SevenOffice Revenues By Region, $M
|Region||% of Total Revenues||2019 Total Revenues, $M||2019 Enterprise Applications Revenues, $M||2019 Cloud Applications Revenues, $M|
24SevenOffice Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
24SevenOffice Customers - Breakdown by Geo, Size, Vertical and Product
No. of 24SevenOffice Customers: 20000
No. of 24SevenOffice Enterprise Applications Customers: 20000
No. of 24SevenOffice Cloud Customers: 20000
No. of 24SevenOffice Cloud Subscribers: x
At the end of 2018, the company had 20000 customers in total on the Scandinavian market. 24SevenOffice has clients such as PwC, KPMG, Høyer and HAB Construction.
24SevenOffice Market Opportunities, M&A and Geo Expansions
To handle the growing demand for onboard services from Swedish ERP customers and accounting agencies, in May 2017, 24SevenOffice acquired Credit Consulting AB with 14 consultants certified on the 24SevenOffices system.
24SevenOffice Risks and Challenges
24SevenOffice's challenge is to strike the right balance between boosting its Cloud applications and reviving its VoIP business, the latter of which was a drag on its results in 2018. Breakthrough on the American market software market will be a challenge in the next years.
24SevenOffice Ecosystem, Partners, Resellers and SI
Headquartered in Oslo, Norway, the 24SevenOffice is currently present in Scandinavia, UK and US market. 24SevenOffice is part of the OpenAjax Alliance, the industry group dedicated to technologies and Web programming techniques known as Ajax.
24SevenOffice Cloud Infrastructure Insights
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- 24SevenOffice Public Cloud and Infrastructure (IaaS)
- 24SevenOffice Platform (PaaS)
- 24SevenOffice Application Delivery
- 24SevenOffice Private Cloud and Data Centers
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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