Driv News

Seeds Consulting and 99x join forces

Seeds Consulting AS, a fast-growing Norwegian technology company, joins forces with 99x in a transaction where the owners of Seeds re-invest in a common holding company together with the 99x management and DRIV SPV II.

Seeds is a Norwegian technology company located in Oslo, developing digital and web-based solutions for private and public customers. The company has 12 employees in Norway and more than 30 developers in Brazil. The company was founded in 2006 by Jo Henrik Endrerud and has since then demonstrated high growth and customer satisfaction. 

The newly formed group has NOK 170m in combined revenues and close to 450 talented developers in Norway, Sri Lanka, and Brazil. With a strong technical pedigree and unique access to technical talent, the combined group is well-positioned to capitalize on the strong demand for technical competence in Norway and abroad. 

The closing of the transaction took place 26 July 2021

Fredrik Bysveen, Co-Founder of Driv Kapital
Telephone: +47 98 22 85 68
Email: ftb@drivkapital.no