House of Control admitted to trading

This page is available in multiple languages

Select Language

Oslo, 20 October 2020 – The software as a service company House of Control has today been admitted to trading on Merkur Market (ticker code: HOC-ME).

Founder and CEO, Lasse Sten, says both the company and the solutions are built on the vision to become the CFO’s best friend: “The platform gives full control of contracts, assets and liabilities. Both the basic solution and the modules are developed in close collaboration with CFOs.”

House of Control recently raised NOK 650 million through a private placement, consisting of NOK 350 million in new shares and NOK 300 million through sale of existing shares. The placement attracted strong interest from Nordic and international investors and was multiple times oversubscribed, reported House of Control.

“House of Control has seen an annual organic growth of 30 percent since 2016. Our further organic growth is already fully financed. We have now raised NOK 350 million to finance future acquisitions. By listing on Merkur Market we now invite others to join our growth journey,” says Sten.

House of Control admitted to trading on Merkur Market

Photo: Thomas Brun / NTB

About House of Control House of Control develops SaaS (Software as a Service) solutions. Strong revenue growth is supported by a unique salesforce, and more than 90 percent of sales are annual recurring revenues. Private and public enterprises use the software to manage contracts and assets, comply with IFRS 16 requirements, communicate with suppliers and organize procurement. Improved control from 20+ modules lets the users cut costs, save time and reduce risks while making finance and accounting more accurate. www.houseofcontrol.com

Press Release Footer

About Euronext
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With more than 1,900 listed issuers and around €7.1 trillion in market capitalisation as of end March 2024, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.
For the latest news, follow us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

_{Disclaimer

This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.}

_{This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.}