TimeLog gets a massive boost to create a Nordic PSA powerhouse
With the expectation that TimeLog will become one of the world's leading PSA providers, the Norwegian investor Viking Venture has injected € 10 million into TimeLog.
Do you like the sound of even better TimeLog software that develops in tandem with your needs?
A solution that will, to an even greater degree, help you run a stronger business?
That sounds good to us here at TimeLog.
That's why it gives me great pleasure to announce that TimeLog has today entered into a strong partnership with the Nordic region's most renowned software investor, Viking Venture.
Viking Venture has invested a total of € 10 million into TimeLog, and together we’re aiming to deliver one of the world's best PSA systems within just a few years.
Why have we entered into a partnership with Viking Venture, and what does it mean for you?
With Viking Venture on board, we have the backing we need to shift TimeLog into a whole new gear.
Among other developments, we will employ 25 new employees in 2021 - primarily in Customer Success to ensure that you receive the best possible onboarding process in TimeLog's software.
In addition, we will invest heavily in the development of our product, so that you as a TimeLog customer will experience a much faster rate of development of new, quality features that will help you run your business as well as possible.
Who is Viking Venture?
Viking Venture helps fast-growing software companies scale their business and product through long-term investments.
Viking Venture shares our vision of delivering the preferred business system to the consulting industry and developing a close and attentive relationship with our clients. That's why they are the right investor for TimeLog.
We’re not on our way to either India or the US – yet 😉. We will remain in the Nordic and northern European markets, and you will still experience the same attentive organisation as before. After all, it's in our DNA.
The big difference is that we can now accelerate our goal of delivering one of the world's best PSA systems.
Viking Venture sees a unique opportunity in the TimeLog Group
Viking Venture dared to invest € 10 million in TimeLog because we've invited them into the engine room. And we have been completely transparent in regards to our strategy, our way of working, and our software.
Viking Venture has emphasised that TimeLog's work over recent years to develop and mature internally into a strong and professional organisation influenced their decision greatly.
So much that, over the next five years, TimeLog will have to acquire one company a year for Viking Venture.
We haven’t made a shortlist yet, but it means that TimeLog will become the TimeLog Group in the future.
This will give us a completely unique opportunity to create an ecosystem of software solutions that will benefit all our customers.
Would you like to know more?
With the investment from Viking Venture, we expect to be able to deliver an even better PSA solution to you, to put even greater focus on developing new features, and to become an organisation that has more capacity and surplus to onboard new companies and really help our customers to develop their business.
If you'd like to know more about the investment or have any other questions, please feel free to write to me directly phn@timelog.dk or reach out to me for a chat.
Kind regards,
Per-Henrik Nielsen
CEO, TimeLog
