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PowerOffice

“Can a cloud-native Norwegian accounting system remain the preferred SMB bookkeeping tool under Visma ownership while expanding into year-end tax filing and embedded bank/payment flows?”

Founded1998
HQBodø, Norway
FoundersTrond Eirik Paulsen, Tor Sivertsen
Latest roundBuyout/LBO
IndustryHorizontal SaaS / Accounting
The story

Founded 1998 as a bespoke accounting software vendor in Bodø, PowerOffice pivoted around 2012 to a cloud-first SMB accounting platform (PowerOffice Go), riding Norway's shift away from desktop permer. The company grew to 100,000+ customers and was acquired by Visma, Nordic SaaS consolidator for accounting/ERP, becoming an operating subsidiary while retaining its own brand and product.

Last 12 months
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Product timeline
1998
PowerOffice founded in Bodø by Trond Eirik Paulsen and Tor Sivertsen, initially building bespoke accounting software.· pivot
2012
Launched cloud-based accounting system PowerOffice Go, pivoting from legacy desktop installations.· pivot
2022
Acquired by Visma; becomes operating subsidiary of Visma Software International.· acquisition
The stack
0 layers disclosed in PowerOffice’s embedded-finance stack
Accounting gap: none

PowerOffice — frequently asked

Who founded PowerOffice?

PowerOffice was founded by Trond Eirik Paulsen and Tor Sivertsen and is founded in 1998, headquartered in Bodø, Norway.

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