Oslo, December 11th 2017
Revio AS, the company behind the Qondor cloud platform, is pleased to announce that it has closed a non-brokered private placement for gross proceeds of NOK 8 million with Braganza, the private investment company owned by Per G. Braathen. Through the private placement, Braganza has acquired ownership of about a third of the company shares.
Proceeds will be used to fund the company´s international growth plans by strengthening the team and continuing development of the product.
Qondor is a cloud platform offering complete solutions to manage Meetings & Events and group travel. The company has doubled its license revenues in the past year and expects strong growth going forward. The platform has been developed specifically for the Meetings & Events and group travel business, bringing efficient solutions within project and attendee management, proposals and reporting. Qondor has a strong position in the Nordic region as the chosen platform for several international travel and event companies. The company is ready to expand internationally and is happy to have partnered with a professional investor with deep knowledge of the M&E and travel markets.
“We have been following the Qondor platform for some years and have first-hand experience on the positive results and efficiency increase it can provide. It is a unique product developed for the travel and event space and we believe it has potential to become a global player.” – says Per G. Braathen.
Management team at Qondor is excited to have Braganza as a new owner in the company. “As an investor, Braganza offers the unique combination of deep industry knowledge, long term strategy and Nordic ownership. We believe these are important qualities for a Nordic start-up to succeed.” – says Mård Askim CEO at Revio AS.
The company is consolidating its position in the Nordics and building a team to deliver on its growth ambitions, Europe being a natural next step. Management is looking for the right candidate to take in the new role as head of global sales and more new hires are expected to follow. Management has secured a long term investor for the company and the parties are looking forward to working together and develop the Qondor platform as a market leader in the M&E and Travel industries.
For more information please contact:
Simona Trombetta, Investment Director, Braganza email@example.com +47 911 00 984
Mård Askim, CEO, Revio AS firstname.lastname@example.org +47 932 38 600