House of Control
A tech company that develops software as a service (SaaS) solutions for contract management and IFRS 16 compliance (Lease Accounting).
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | €66.6m | Acquisition | |
| Total Funding | 000k | ||
| EUR | 2018 | 2019 | 2020 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 34 % | 25 % |
| EBITDA | 0000 | 0000 | 0000 |
| % EBITDA margin | (4 %) | (9 %) | 4 % |
| Profit | 0000 | 0000 | 0000 |
| % profit margin | (14 %) | (19 %) | (21 %) |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Company filings or news article
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House of Control provides Software-as-a-Service (SaaS) solutions tailored for the complex financial and operational needs of Chief Financial Officers and their departments in medium to large enterprises. The company was founded in 2006 by Lasse Sten, who was inspired to create a system for better asset management after a break-in at his previous workplace revealed the difficulty of tracking company property without a proper digital register. This initial concept evolved through customer feedback into a comprehensive tool for contract management.
The company's core business revolves around a subscription-based model, generating approximately 95% of its revenue from recurring subscriptions. It serves over 2,700 private and public sector clients, primarily in the Nordics, helping them manage liabilities, assets, and supplier communications. The product portfolio is streamlined into two main offerings: 'Complete Control' for contract lifecycle management and a specialized software for IFRS 16 lease accounting compliance. These tools are designed to reduce costs, save time, mitigate risks, and ensure regulatory compliance by centralizing lease data, automating complex calculations, and providing clear dashboards and audit-ready reports.
A significant milestone in the company’s journey was the majority stake acquisition by Viking Venture in 2015, which fueled international expansion and innovation. By October 2020, House of Control had gone public on the Euronext Growth Oslo exchange. Its growth trajectory continued, and on November 15, 2022, the company was acquired by Visma, a major European business software provider, in a deal valuing House of Control at approximately NOK 689 million. Following the acquisition, House of Control operates as an independent entity within the Visma group, leveraging Visma's resources to enhance its market position while maintaining its company culture.
Keywords: contract management software, IFRS 16 compliance, lease accounting, financial management SaaS, CFO toolkit, asset management, supplier management, recurring revenue, subscription model, financial reporting, compliance software, Visma subsidiary, public sector software, private enterprise software, operational management, Nordic SaaS, Lasse Sten, financial controls, audit trail, cost reduction software