May 2026
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Largest Vertical SaaS Public Companies in Norway
Benchmark revenue and EBITDA valuation multiples for public comps like
TGS, SmartCraft, Nordhealth, Carasent and Omda.
 | TGS ASA provides data, intelligence, ocean bottom node (OBN) acquisition services, processing, analytics, cloud-based data applications, and other specialized services and solutions to energy companies across the energy spectrum, whether it is oil and gas, carbon capture and storage, or wind development. Its reportable segments are divided into six overall business units: Contract, Multi-client, New Energy Solutions (NES), Imaging, Shared Services. It generates the majority of its revenue from Multi-client sales. | $17 | +85% | $3B | $4B | 2.5x | 4.4x | ||
| SmartCraft ASA is a software company that provides modern SaaS solutions to help craftsmen and construction companies become more efficient and profitable. Geographically, it operates in Norway, Sweden, Finland, and UK. | $2 | -31% | $313M | $316M | - | - | ||
| Nordhealth AS is a cloud-based healthcare Software-as-a-Service business. Its flagship products are Provet Cloud and EasyPractice, both cloud-based Practice Management Software for veterinarians and therapists, respectively. It builds software that empowers healthcare professionals to improve patient care, increase efficiency and expand their business. The company has two operating segments namely: Veterinary and Therapy. It operates geographically in Norway, which derives maximum revenue, Finland, the United Kingdom, Sweden, Denmark, Germany and Other countries. | $3 | -29% | $223M | $205M | 3.5x | 177.5x | ||
| Carasent AB (publ) Formerly Carasent AB is in the businesses that develop entrepreneurial and e-health solutions. It delivers cloud based EHR solutions, with Webdoc as the platform, and a ecosystem of platform services, including solutions for patient communication and business intelligence. The ecosystem of solutions makes Carasent a one-stop shop for clinics and can cover all needs. | $2 | -24% | $162M | $151M | 3.9x | 14.6x | ||
| Omda AS has built software tools exclusively for health and emergency professionals. Its Integration Engine and APIs enable its products to successfully merge with existing systems of all types and specifications. The company provides solutions in domains such as Emergency, Connected Imaging, Laboratory Information Management Systems, Medication Management, Health Analytics, and Women & Child. Geographically, the company generates the majority of its revenue from Norway. | $4 | -30% | $77M | $125M | 2.3x | 8.4x | ||
| StrongPoint ASA is a retail technology company that provides solutions to make shops smarter, shopping experiences and online grocery shopping more efficient. It provides in-store cash management and payment solutions, electronic shelf labels, self-checkouts, task and labor management software, click and collect temperature-controlled grocery lockers, in-store and drive-thru grocery pickup solutions and grocery order picking solutions. | $1 | -1% | $51M | $68M | 0.5x | 10.7x | ||
| Huddlestock Fintech AS is a wealth and asset management technology company. The company develops software as a service solution for digitizing work processes for custody banks, asset managers, and retail trading venues. The data-centric platform offers customers a differentiated real-time product that reduces cost and increases efficiency. Its Fintech technology enables end-to-end digital services such as onboarding, client communication, reporting, order execution, and portfolio management, all executed on the same platform. | $0 | -31% | $15M | $16M | 2.8x | (1.9x) | ||
| Induct AS is engaged in the business of software development. It offers a digital platform for work and collaboration, for individuals, Homes, Organizations, and Work. | $0 | -50% | $6M | $6M | 4.0x | 8.1x | ||
| Median | $2 | -30% | $120M | $138M | 2.8x | 8.4x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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