Partnering for scale and cross-border growth opportunities
There is a strong alignment between Credo Partners’ investment strategy and Addovation’s expertise within IT services. Addovation aims to be the preferred partner for digitalization, offering a comprehensive service portfolio that covers all customer needs. Credo has already demonstrated solid results with its focus on IT services, and will support Addovation in capturing new opportunities and continuing to attract top talent.
Recent results
The partnership is off to a strong start. To strengthen commercial capabilities and elevate financial reporting, Addovation has appointed a Chief Revenue Officer and an Interim CFO. In parallel, the company has sharpened its strategic roadmap, aligning the organization around a stronger core of managed services and preparing for the next phase of growth. Addovation has also completed an acquisition to strengthen its position in the Norwegian NetSuite market and continues to deliver strong organic momentum driven by new customer wins, high recruitment pace, and strong execution.
How we see the future
The ambition is clear: build the leading Nordic provider for IFS and Oracle NetSuite through a combination of organic growth and strategic M&A. Key value drivers include acquiring new customers, enhancing service for the existing client base, expanding recurring revenue streams, and building robust internal processes and capabilities. Addovation is set up to capture the ongoing transition to IFS Cloud, develop a high-quality managed services offering, and complete its internal operational platform to strengthen capabilities in sales and financial management. By investing in talent and commercial excellence while simplifying the service portfolio into a set of high-impact offerings, Addovation and Credo are building a Nordic ERP powerhouse for large SMBs and enterprise clients.
