Netnordic gets Norvestor as main shareholder.

NetNordic, an Oslo, Norway-based company providing integration services within communications solutions networks and security, announced that Norvestor has made a significant investment in the company.

Following the acquisition, Norvestor will become the largest shareholder in NetNordic with approximately 75% of the shares whilst the management and employees will hold the remaining 25%. The transaction was made through Norvestor VII, L.P., a fund managed by Norvestor Equity AS,

NetNordic, founded in 2001 and led by CEO Jarl Øverby, is one of the largest independent system integrators in the Nordics with a leading position within communications solutions networks and security. The company has experienced strong growth over the last few years through organic initiatives and acquisitions. NetNordic partners include technology leading industry vendors like Juniper, Huawei, Nokia, Microsoft, Mitel, Palo Alto, Arbor and Avaya.