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Esoft Strengthens Its Nordic Position: Acquires Norwegian Market Leader
Sep 12, 2022
Esoft Acquires Norwegian Photography Firm Inviso – Strengthens Nordic Leadership
Esoft, a leading provider of digital marketing solutions for the real estate industry, has acquired Inviso, Norway's largest supplier of digital marketing services for real estate agents.
This acquisition comes just two months after Esoft’s purchase of the Danish company Pro-Plan Interaktiv A/S and is part of a broader strategy to provide services to real estate agents across the Nordic region.
A Perfect Match
“It’s a perfect match. We’ve worked with Inviso on a strategic level for more than 10 years, and with their market position, nationwide photography setup, and strong management team, we see Inviso as the best possible partner to strengthen Esoft’s position in Norway,” says Ian Holmgaard, CEO of Esoft, which has acquired the majority stake from Inviso’s former owner, EXP Group.
A Strong Norwegian Partner
Founded in 2004, Inviso has established itself as Norway’s leading provider of photography and other visual products for property listings.
“Esoft has been one of our closest collaborators and, with its global setup, has contributed to our success as a leading market player in Norway. Becoming a fully integrated part of Esoft now provides us with even better opportunities to offer our clients top-tier products,” says Espen Torhaug, COO of Inviso.
A Cornerstone in an Ambitious Growth Strategy
The acquisition of Inviso is a key element in a carefully planned growth strategy developed by Esoft in collaboration with its new majority owner, private equity firm Polaris.
“The acquisition of Inviso is a crucial cornerstone of Esoft’s strategy to consolidate the Nordic retail market and fulfill our ambition of creating a Nordic market leader. The two companies share a long history and a common DNA in the form of a strong focus on technology,” says Rune Lillie Gornitzka, Partner at Polaris.
The purchase price has not been disclosed by the parties.