Carasent has entered into a partnership agreement with the Norwegian company
Confrere 4 AS ("Confrere"), a market leader in Norway within video software for
Confrere was established in Norway in 2018 and has rapidly become the leading
provider of video solutions for physicians in Norway. Confrere has a highly
attractive customer base primarily in the Norwegian market, focusing on primary
care clinics, therapists and hospitals.
As part of the agreement, Carasent will acquire the Confrere brand and take over
the customer agreements, while Confrere will continue to maintain the technology
solution. Confrere was recently acquired by the American company Daily and will
focus on providing video API solutions for a different end market going forward.
The purchase price will approximately NOK 10 million, of which NOK 5 million
will be paid upfront and approximately NOK 5 million paid to Confrere during the
first 6 months after the transaction date. In addition, a payment equal to the
revenues generated from the Confrere solution will be paid as long as the
customers are using the Confrere products. Confrere had revenues of
approximately NOK 0.9 million in May 2022.
This agreement is of high strategic value in Carasent's Norwegian expansion, in
time giving access to provide our value adding product portfolio, including
Webdoc, for this complementary customer base.
For further information, please contact:
Dennis Höjer, CEO Carasent ASA, Phone: +46 733 28 49 22
Svein Martin Bjørnstad, CFO Carasent ASA, Phone: +47 979 69 493