About ECIT
ECIT is a company based in Fornebu (Norway) founded in 2004. It operates as a Professional Services and Managed Services. The company has 2,371 employees. ECIT has completed 5 acquisitions, including Fortner, INTUNOR and Kippr. ECIT offers products and services including Accounting & Payroll, IT Services, and Business Solutions. ECIT operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Net Profit$25.33 K (USD)119as on Dec 31, 2020
- Latest Funding Round$36.3K (USD), Grant
Dec 2018
- Investors
- Employee Count2,371
- Investments & AcquisitionsFortner
& 4 more
Products & Services of ECIT
ECIT offers a comprehensive portfolio of products and services, including Accounting & Payroll, IT Services, and Business Solutions.
Services for accounting and payroll management are provided.
IT outsourcing and security solutions are offered comprehensively.
ERP and automation solutions are delivered to clients.
Funding Insights of ECIT
- Total Rounds 1
- Last Round Grant — $36,303
- First Round $36,303
(Dec 2018)
- Investors Count 1
All 1 funding rounds of ECIT with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2018 | $36,303 | Grant | – | – |
1 investors in total: 1 institutional.
Investors in ECIT
ECIT has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium |
Investor details for ECIT
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of ECIT
26 people are tracked at ECIT (13 in leadership, 13 in team); the tracked headcount is 2,371.
| Name | Role | Group |
|---|---|---|
Peter Lauring | CEO & MD | Leadership |
Jes Schjøtler | Vice President | Leadership |
Mads Skovgaard | CFO | Leadership |
Klaus Jensen | VP, & MD F&A Division | Leadership |
Henrik Tejlbo Korsholm | Head Of Group Controlling And Reporting | Leadership |
Marcus Birk | Senior Vice President, Group Marketing & Communications, ECIT Group | Leadership |
Arild Nygaard | Head Of Content & Communications | Leadership |
Lise Molund | Group Legal Director | Leadership |
Jonas Utberg Svith | Head Of Sales F&a Norge | Leadership |
Stian Jensen | Commercial Director - ECIT Services AS | Leadership |
Victoria Høgheim | Finance Director | Leadership |
Hugo Løvhøiden Klemmestad | Senior Vice President, Group Cyber Security | Leadership |
Lars Gunnar Lilleklev | Director Of It/solutions | Leadership |
Kristin Bjørnvik | Brand Manager | Team |
Jørgen Fundingsrud | Manager Operations | Team |
Callum Hawker Miet | IT Services | Team |
Runar Høier | Senior Systemkonsulent | Team |
Martin Brøgger | Country AML Officer DK | Team |
Mikkel Walde | MD, IT Services Division | Team |
Jens-Oskar Göransson | MD, Modern Ekonomi | Team |
6 more people are available in the full profile.
Complete people profiles for ECIT
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Investments & Acquisitions by ECIT
ECIT has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Fortner, INTUNOR and Kippr.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of cyber security training, penetration testing, and other services | kovert.no | Vikersund, Norway | 2021 | Jun 2023 | •••• | |
Accounting, payroll, financial advisory, and recruitment services are offered. | intunor.com | Oslo, Norway | 2018 | Oct 2022 | •••• | |
Accounting, payroll, and financial services are provided to clients. | xacct.no | Oslo, Norway | 2012 | Mar 2022 | •••• | |
Provider of a cloud-based accounting suite for SMBs. | fortner.se | Stockholm, Sweden | 1986 | Aug 2019 | •••• | |
Cybersecurity, ERP, printing, and other services are provided. | kippr.no | Honefoss, Norway | 2002 | Jun 2018 | •••• |
Complete acquisition details for ECIT
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of ECIT
7 dated milestones of ECIT across 19 years, from founding to its latest funding, stage changes and deals.
- Founded ECIT is founded.
- Acquisition Acquires Kippr.
- Funding First funding round of $36K.
- Acquisition Acquires Fortner.
- Acquisition Acquires XACCT Accounting.
- Acquisition Acquires INTUNOR.
- Acquisition Acquires Kovert.
Competitors of ECIT
ECIT operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ust.com.tw | 1998 | Taiwan | – | – | High-quality office furniture is provided by UST for various needs. | |
| genpact.com | 1997 | New York, United States | – | 129,140 | Provider of end-to-end business process outsourcing services | |
| ionos.com | 1988 | Chesterbrook, United States | $19.5M | 134 | Cloud infrastructure and hosting services are provided by 1&1 IONOS. | |
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| accenture.com | 1989 | Dublin, Ireland | – | 29 | IT and management consultancy services are provided globally. | |
| nttdata.com | 1967 | Koto, Japan | – | 4 | Application development, cloud, cybersecurity, and business intelligence services are provided. | |
| mavenir.com | 2005 | Richardson, United States | $105.36M | 363 | Multi-access edge networking computing platform is provided for mobile services. | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. | |
| endava.com | 2000 | London, United Kingdom | – | 12,063 | Endava is engaged in digital transformation and AI-driven solutions. |
Detailed competitors of ECIT
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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- Competitive positioning
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Web traffic of ECIT
The website of ECIT (ecit.com) receives about 26.1K visits a month.
- Monthly visits26.1K
▼ 6.8% vs previous month
Websites whose visitors overlap most with ECIT. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| dinero.dk | 100% | 581.1K | #48,075 | View details | |
| tietoevry.com | 96% | 442K | #99,858 | View details | |
| google.com | 78% | 85.8B | #1 | View details | |
cafe.naver.com | cafe.naver.com | 70% | – | – | – |
| facebook.com | 65% | 12.1B | #3 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 12 similar websites and full traffic analytics for ECIT
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 12 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Ecit
Complete news archive for ECIT
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to ECIT
10 companies that operate in the same segment as ECIT (IT Services & Operations), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
A cloud-based platform for incident management software is provided. | 2009 | San Francisco, California, United States | USD 173.6 M | USD 492.55 M | 1,240 | |
Unified IT management is delivered through a cloud-based platform. | 2004 | Santa Clara, California, United States | USD 83.7 M | USD 13.28 B | 26,290 | |
Cloud based platform offering IT operational data and security analytics software | 2003 | San Francisco, California, United States | USD 40 M | USD 2.59 M | 108 | |
Cloud-based enterprise management solutions including backup and recovery are provided. | 2003 | Singapore, Singapore | USD 658 M | – | – | |
Cloud and application performance management platform is provided. | 2010 | New York, New York, United States | USD 147.19 M | USD 2.68 B | 6,500 | |
Converged data management solutions are provided for backup and recovery. | 2014 | Palo Alto, California, United States | USD 553 M | USD 1.32 B | 3,200 | |
IT backup and recovery solutions are provided via cloud platform. | 2006 | Columbus, Ohio, United States | USD 1.04 B | – | – | |
IT outsourcing services are delivered across multiple business lines. | 2011 | Bengaluru, Karnataka, India | USD 64.83 M | USD 246.74 M | 5,260 | |
Analytics and digital solutions for healthcare and banking are provided. | 1999 | New York, New York, United States | USD 10 M | USD 2.09 B | 59,500 |
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Frequently Asked Questions about ECIT
ECIT was founded in 2004 and raised its 1st funding round 14 years after it was founded.
ECIT is headquartered in Fornebu, Norway.
Peter Lauring is the current CEO of ECIT.
ECIT has 2,371 employees.
ECIT is involved in delivering high-expertise services and products across finance, accounting, payroll, IT, and business solutions. Operations are conducted in multiple sectors including financial management, IT outsourcing, and enterprise resource planning. Comprehensive support is offered through tailored solutions for local markets in various countries. Services such as IT security, cloud services, and workforce management are provided to enable growth and success for clients. A strong presence is maintained across Scandinavia, Germany, and the United Kingdom.
ECIT's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
ECIT offers Accounting & Payroll, IT Services, and Business Solutions.
ECIT has 1 investor. Key investors include European Union.