EcoOnline
Easing regulatory compliance
Company details
Year Aquired
2017
Location
Norway
Revenue (2018)
168 mSEK
Sector
SaaS
Employees
180
Investment Themes
Tech-Enabled Businesses
Contact
If you want to know more about EcoOnline please contact Joakim Sundby Johansen at: joakim.johansen@summaequity.com
Website
EcoOnline is a European SaaS player, focused on making safety data sheet (SDS) and risk compliance easier for companies exposed to chemical substances. It has the largest SDS database and leading add-on chemical risk management functionality in the Nordics. In 2018, EcoOnline entered Ireland and UK from the acquisition of DCM Compliance.
Furthermore, the company in 2018 expanded the offering to other occupational safety areas, through an acquisition in Finland. The core chemical management software has capability to automatically update end-users’ SDS inventories when producers issue new information, enabling significant network effects.
Challenge
A substantial share of companies with exposure to chemicals in the workplace fail to comply with EU legislation. This means that employees and communities may be exposed to various types of substances that are harmful to human health and/or to the environment.
How do we solve it?
EcoOnline provides a digitized platform that makes it easier for companies to share and store legally required data around the properties of industrial chemicals as well as the recommended precautionary measures.
How do we improve?
By attracting more customers, EcoOnline reduces the likelihood of injuries due to chemicals at work and minimizes the environmental impact of industrial activities.
Value creation
By facilitating easier regulatory compliance and risk management for its customers, EcoOnline increases its revenues while improving the quality of the database and its offering. For society, EcoOnline speeds up the adoption of best-practices and ultimately reduces the impact of using harmful chemicals and moderates other workplace risks.
Year Aquired
2017
Revenue (2018)
168 mSEK
Employees
180
Investment Themes
Tech-Enabled Businesses
Sector
SaaS
Location
Norway
Contact
If you want to know more about EcoOnline please contact Joakim Sundby Johansen at: joakim.johansen@summaequity.com
Website
Video
SDG Alignment
KPI reporting
REVENUE (SEKm)
Learn more about EcoOnline
Portfolio Story
EcoOnline secures new capital from Goldman Sachs and Summa Equity to realize further international ambitions
EcoOnline AS, a leading European software company helping customers optimize safe handling of chemicals and ensure occupational safety, will expand further internationally with new financing from Summa Equity and Goldman Sachs Merchant Banking Division. EcoOnline is a leading provider of workplace health and safety software which focuses on reducing the negative impact chemicals can have…
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