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Neptune Software investment

49%

Annualized recurring revenue growth

Sector

Low code development platform

Standout holding period

Jun 2018 - May 2022

HQ

Oslo, Norway

"Standout has played an important role in supporting us in the transition to a truly international company with a scalable business model"

Andreas Grydeland Sulejewski, co-founder and CEO

About Neptune Software

Neptune offers a low-code development platform enabling its customers to rapidly develop customized mobile applications linked to their core ERP systems. The platform also enables a resource efficient maintenance and development of existing applications. Founded in Oslo in 2011 by a team of industry specialists, the company today has more than 600 enterprise customers and 3 million licensed users globally. Neptune has today around 75 employees across six offices in Europe and North America.

Recurring revenue (tEUR)

Investment Story

With a strong and established product, both domestically and internationally, Standout was brought on board, determined to build an even stronger presence globally – supported by industry and mega trends that would continue to drive the demand for Neptune’s offerings.

Highlights

– Led the transition from license and maintenance to a subscription-based business model generating stability and scalability
– Implementation of a professional Board of Directors and an improved governance structure
– Scale up of the organization supporting ambitious growth agenda
– An exit process was initiated in Q4 2021 resulting in a successful exit for Standout to Triton in 2022
Read more

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4th floor
114 35 Stockholm, Sweden
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