About Fortner
Fortner is a company based in Stockholm (Sweden) founded in 1986 was acquired by ECIT in August 2019. Fortner offers products and services including ECIT One, ECIT Trusted Advisors, ECIT Support, ECIT Cloud, and ECIT Infrastructure. Fortner operates in a competitive market with competitors including Intuit, Visma, Xero, Wave and FreshBooks, among others.
- Headquarter Stockholm, Sweden
- SectorsTechnology
- Email••••••••
- Website fortner.se
- Social LinkedIn Facebook
- Acquired by ECIT (Aug 2019)
Products & Services of Fortner
Fortner offers a comprehensive portfolio of products and services, including ECIT One, ECIT Trusted Advisors, ECIT Support, ECIT Cloud, and ECIT Infrastructure.
Manages computer protection, data backup, and application updates.
Offers extra resources for IT projects and strategy development.
Provides quick IT assistance for Microsoft solutions and devices.
Handles data storage and cloud implementation for businesses.
Manages and updates IT environments for security and efficiency.
Funding Insights of Fortner
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Fortner 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 |
|---|---|---|---|---|---|
| Jun 2013 | – | Unspecified | – | Almi | – |
2 investors in total: 2 institutional.
Investors in Fortner
Fortner has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Almi and ECIT.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are provided by Almi in seed to growth-stage startups. | 1994 | almi.se | Stockholm, Sweden | |
ERP, IT security, and document storage services are provided. | 2004 | ecit.com | Fornebu, Norway |
Investor details for Fortner
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.
Timeline of Fortner
3 dated milestones of Fortner across 33 years, from founding to its latest funding, stage changes and deals.
- Founded Fortner is founded.
- Funding First funding round.
- Exit Acquired by ECIT.
Competitors of Fortner
Fortner 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 Intuit, Visma, Xero, Wave and FreshBooks, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| intuit.com | 1983 | Mountain View, United States | $49.62M | 18,800 | Financial and accounting software is developed for businesses and individuals. | |
| visma.com | 1996 | Oslo, Norway | $198.09M | – | Cloud-based ERP software is provided for business management across segments. | |
| xero.com | 2006 | Wellington, New Zealand | – | 347 | Cloud-based accounting and payment management is offered for small businesses. | |
| waveapps.com | 2010 | Toronto, Canada | $82.4M | – | Web-based accounting software is offered for business use. | |
| freshbooks.com | 2003 | Toronto, Canada | $153.75M | 613 | Cloud-based invoicing and accounting software is offered for businesses. | |
| freeagent.com | 2007 | Edinburgh, United Kingdom | $21.89M | 264 | Cloud-based accounting software is provided for small businesses and freelancers. | |
| clear.in | 2011 | Bengaluru, India | $140.42M | – | Technology-enabled accounting and finance solutions are offered for SMBs. | |
| kyriba.com | 2000 | San Diego, United States | $160.68M | 334 | Cloud-based treasury automation and risk management solutions are provided. | |
| found.com | 2019 | San Francisco, United States | $118.75M | 35 | Accounting and bookkeeping solutions are provided for small businesses. | |
| myob.com | 1991 | Cremorne, Australia | – | – | Cloud-based accounting and ERP software is provided for businesses. |
Detailed competitors of Fortner
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to Fortner
10 companies that operate in the same segment as Fortner (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, France | USD 717.15 M | – | – | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | – |
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Frequently Asked Questions about Fortner
Fortner was founded in 1986 and raised its 1st funding round 27 years after it was founded.
Fortner is headquartered in Stockholm, Sweden.
Fortner is an accounting services provider for SMBs. Its main services are a cloud-based accounting suite. The solution supports businesses with supplier and customer invoicing, payroll management and tax returns. Users can upload photos of their invoices, which are then converted to a digital format and stored in the cloud. They can also track, process and make payments related to salaries and reimbursement. In addition to this, Fortner also provides offline accounting services for its clients, through its network of offices in Sweden. For accountants, Fortner offers a partnership program for use of its SaaS offering, network of offices and brand name.
Fortner offers ECIT One, ECIT Trusted Advisors, ECIT Support, ECIT Cloud, and ECIT Infrastructure.
Yes. Fortner was acquired by ECIT in August 2019.