Symfoni's number of customers increases; the number of users is almost 230 000, the turnover is close to 50 millions NOK and the bottom line is near 10 millions NOK. The goal is 500 000 users and a turnover of 150 million NOK in 2008.
Symfoni has grown in the North through 2006, both when it comes to turnover and number of customers and users. "We are approaching 50 million NOK, compared to a turnover of 38 million NOK in 2005" -says CEO Bjørn Jarl. Symfoni's total turnover in the market is about 150 million NOK, when you include the partnersales.
"That the bottom line is close to 10 million NOK is according to our expectations", Bjørn Jarl continues. He thinks 20-25% is the right profit margin for a software development-company like Symfoni Software AS.
It has been invested about 4 million NOK in new functionality during 2006; new moduls and new products to create an optimal and overall product suite. "I feel that we have reached a milestone by presenting the best collaboration solutions in the North: offline, online and mobile", says Kjetil Andenæs, chief architect in Symfoni. "We have for a long time had the best software for both offline and online working, but now with our new mobile solution, I feel we have an optimal accessibility which operating conditions today requires", Andenæs continues.
Symfoni Software has a goal to reach 500 000 users and a turnover of 150 million NOK within 2008. "We will acheive this through the work done on the product side, but to triple the turnover, it is quite clear that acquisition of other companies also is a part of the plan", says Bjørn Jarl. Recently Symfoni made a joint venture agreement with the swedish publicy listed company Mandator AB to take control of the swedish market.
"In Denmark, we are still looking for potential acquisition candidates to make a bigger Symfoni company to handle the market in Denmark directly. The Danish market is different than the other nordic markets where we are building a partner network", says Bjørn Jarl.
The collaboration market in the North has a value of more than 2 billion NOK and has usually been covered by customised solutions. Symfoni faces this market with finished products wihich only needs configuration to meet the individual cusomer needs.