Hypergene, a SaaS company specializing in financial planning and analysis (FP&A), has announced its acquisition of Profitbase, a Norwegian SaaS firm known for its financial planning, reporting tools, and “low code” applications. This acquisition is part of Hypergene’s strategic plan to achieve a turnover of 1 billion SEK by 2029 and solidify its position as a leader in the Nordic market.
Hypergene, since 2023 owned by investment company Thoma Bravo, has outlined a clear strategy to reach its ambitious revenue target. This strategy includes both organic growth within its existing sectors and acquisitions of companies with expertise in related fields. Last year, Hypergene acquired Thinking Portfolio, a Finnish company offering a comprehensive solution for project and portfolio management.
“The acquisition is an important milestone on our journey to achieve 1 billion in revenue by 2029. By joining forces with Profitbase, we are not only expanding our market but also uniting our complementary strengths to continue building the most innovative and reliable FP&A platform in the Nordics,”
says Urban Bucht, CEO of Hypergene.
The acquisition of Profitbase is expected to broaden Hypergene’s presence in the Nordic market and provide access to new expertise that will further enhance its core product. Profitbase is recognized for its innovative planning tools and strong customer relationships, boasting over 300 customers in Norway and across the Nordic region.
