Enabling digital compliance
Documaster at a glance
Documaster is a Norwegian digital records management company with core competencies in digitization, compliant document management, and cloud-based archiving of valuable data primarily for the public sector. The company offers solutions that enable organizations to document, process, preserve, and easily access data through a system-agnostic archiving core that is compliant with EU and local regulations.
- Year acquired
- 2017
- Sector
- SaaS, Big Data, Records Management
- Revenue
- EUR 12m
- Location
- Norway
- Employees
- 156
- Website
- http://www.documaster.com
- Investment theme
- Tech-Enabled Transformation
Key developments in 2023
2023 was for a transitional year for Documaster. The company changed management team by replacing the CEO & CFO, and a new independent chairperson into the Board of Directors. Furthermore, it acquired the Holland-based public archiving business DE REE Archiefsystemen in April. Since then, Documaster has focused on operational efficiencies and margin improvement while reducing its workforce from 150 to 100 employees and delivering 15% growth in all business areas. The company has achieved a sustainable cash-flow positive run-rate.
What are the challenges Documaster addresses
-
~ 20%
of data breaches involve data mishandling
-
USD4.24m
reported as the average cost of a data breach globally
How does Documaster help?
Reality today
Public and private sector organizations suffer data breaches and loss due to outdated information management systems.
Insufficient data management is a source of great loss for business and society. Unless information is properly digitally archived and processed, public and private organizations can suffer from data privacy issues, transparency challenges and inefficiency.
Documaster approach
Documaster’s digital management and cloud-based solutions strengthen the ability of users to easily access, store, and find critical documents and data.
Aspirational future
Aim to be the leading public sector provider of archive and document management solutions in Northern Europe, enabling our customers to store their valuable documentation compliantly while also allowing them to organize and access it easily and efficiently.
Who is impacted?
Society benefit as data breaches are prevented and personal data is protected. Furthermore, organizations can ensure regulatory compliance, strengthen democracies, security, and transparency, and minimize the very severe risks of data loss.
Contribution
Documaster contributes to increased security of documentation management and enables its customers to comply with regulatory requirements that aim to protect personal data and prevent data loss.
Risks
Documaster handles public-, sensitive-, secure and secret data across several sectors and tiers of governmental agencies will need to continue to invest in bolstering its capabilities to avoid breaches.
