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18 November 2020

Moalem Weitemeyer assisted Viking Venture

Moalem Weitemeyer assisted Viking Venture, one of the leading software investors in the Nordics, in the acquisition of a majority stake in Danish SaaS company TimeLog.

The overall size of Viking Venture’s investment is NOK 120m ($13.2m) which is intended to serve as necessary capital for further international expansion, especially through acquisitions, and will accelerate the European expansion in the market for Professional Services Automation (PSA).

TimeLog, founded in 2001, offers PSA solutions which help consulting businesses plan, analyze, invoice, and optimize projects. The company has more than 800 customers and 21,000 users in 12 countries. Its ARR (annual recurring revenue) is approximately NOK 43m.

Thomas Weitemeyer

Managing Partner

+45 30 37 96 90

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Poul Guo (Quach)/郭保罗

Partner

+45 30 37 96 23

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Jonas Høst

Senior Associate

+45 30 37 96 19

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