WorkPoint 365 makes it fast and easy to build modular solutions – with no development or coding.
WorkPoint 365 structures data via SharePoint and bridges to Microsoft 365 – As a result, you receive a seamless and future-proof cloud solution.
Together with the automated classification and inheritance of data, oversight and control is ensured, which makes it possible to scale WorkPoint 365 for an enterprise solution.
WorkPoint makes it fast and easy to archive and journalize mails. By integrating a drag and drop functionality combined with an intuitive search tool, this saves users in many hours of systemizing their mails.
With a license-based document management solution in Microsoft 365, WorkPoint has great scalable potential, and the investment of DKK 110 million in the company is the largest to date for Norwegian software investor Viking Venture.
26 years ago, WorkPoint was established in Esbjerg with a vision of developing software for a common database that could intelligently help companies handle the ever-increasing amount of data, documents and emails. Today, the customer list includes large construction companies, as well as accountants and municipalities, all of which use WorkPoint 365 for document management and process automation for Microsoft 365.
Hanne and Peter Jørgensen founded the company, and it has been an exciting journey where business understanding and product development always have been in focus. They became Microsoft resellers 20 years ago, and they were first movers on cloud solutions. In recent years, WorkPoint has invested heavily in internationalization, primarily through the development of partners.
CEO Peter Jørgensen explains the growth,
“Enterprise companies are increasingly in need of a single document management system that can accommodate everything from contract and case management to project management and business intelligence. International IT companies have recognized that our product provides value for the end customers, while our partners also make a business of selling and implementing WorkPoint 365”.
The development of close partnerships has been important for the successful implementation of the software solution among customers, and an international partner network has been set up in 10 countries. They are supported by approx. 40 employees from the headquarters in Esbjerg and the offices in Copenhagen and Dublin. However, Hanne and Peter Jørgensen have a more ambitious vision and for several years 2022 has been a milestone for them.
CEO Peter Jørgensen states,
“We are a typically owner-managed business, where we have expanded our company to a certain size with the help of our skilled and talented employees. If we are to really expand internationally, we need help from someone who specializes in this. Also, we are both turning 60 in 2022, and we have long planned for a change in ownership at that milestone”.
After a long and good process of meetings with several potential buyers, Norwegian Viking Venture was chosen. They have successfully invested in numerous software companies similar to WorkPoint.
“It was crucial for us to have a close dialogue and a great personal connection with the buyer of our life’s work, and it means a lot to us that Viking Venture invests in WorkPoint from day one. We have developed a scalable business model, and they have a history and know-how on the sales side to export it to many different types of companies around the world, and we’re happy that Viking Venture is our new owner“
Concludes Peter Jørgensen, who continues as CEO with a significant ownership of WorkPoint.
The employees at WorkPoint have responded positively to the news of the new ownership and are looking forward to the exciting future, which offers strong expansion. 15 new employees in sales and marketing will be hired already during the first year to develop the various markets. The goal is a fivefold increase in revenue within a short number of years, and it is expected that part of that increase will also come from acquisitions of other IT companies nationally and internationally.
Eivind Bergsmyr, Partner in Viking Venture and newly elected Chairman of the Board of WorkPoint is excited about the investment,
“We are impressed with Peter Jørgensen and the team at WorkPoint. They have created a very good business that combines good growth and good profitability with very satisfied customers. We look forward to helping WorkPoint grow even faster through international expansion”.
WorkPoint is Viking Ventures’ fourth investment in Denmark and will be part of the investment company’s 15 active portfolio companies.
Established: WorkPoint A/S is established in 1996 under the name Vest Consult
Name: WorkPoint is the company name, and the product is named WorkPoint 365
Sold: December 23, 2021, to Viking Venture
The product: WorkPoint 365 is a user friendly, scalable and evergreen document
management solution – a platform in Microsoft 365 for information and
knowledge management for dedicated business solutions for project-, case-,
contract-, and quality management and more – in all parts of a business
Partners in: Denmark, The Netherlands, Belgium, England, Iceland, Ireland, Sweden, Norway, USA,
Hong Kong and Australia
High seniority: Numerous employees have been part of WorkPoint for more than 15 years
Customers: Grundfos, TV2, RES-Group, Siemens, Arkil, Årslef, Systematic, Borgarver,
Palsgaard, Esvagt, Esbjerg Municipality and more
Owners: Partner owned
Investors: App. 150 private investors from Norway, Sweden, Denmark, the Netherlands, USA, etc.
Purpose: Invests in Nordic software companies and helps them scale
Portfolio: 15 active software companies, including:
Claus Jul Christiansen, former Partner Manager in Microsoft, New
Niels Erik Hedager, Continuing
Eivind Bergsmyr, Partner Viking Venture, Chairman of the Board
Erik Fjellvær Hagen, Managing Partner Viking Venture
Martin Senning Eriksen, Investment Manager Viking Venture