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24SevenOffice Group AB and Nordiska Kreditmarknadsaktiebolaget (publ) Partner to Launch Embedded Finance Solutions for ERP Systems

24SevenOffice Group AB (the “Company”), which the Board has proposed to rename Done.ai Group AB, is pleased to announce a strategic partnership with Nordiska Kreditmarknadsaktiebolaget (publ) (“Nordiska”), a leading financial institution, to deliver cutting-edge embedded finance solutions tailored to ERP systems. This collaboration underscores both companies’ commitment to innovation in the fintech sector, enabling businesses and their end customers across Sweden and Norway to access seamless financial services. Through this partnership, the Company will integrate Nordiska’s financial

Record date determined for dividend in 24SevenOffice Group

The Extraordinary General Meeting (the "EGM") on 9 January 2025 in 24SevenOffice Group AB (publ) resolved on a dividend to the shareholders of SEK 6.85 per share, corresponding to a total amount of SEK 465,544,988.20, payable in cash. The EGM authorized the Board of Directors to resolve on the record date for the dividend.    The Board of Directors has resolved that the record date for the dividend shall be on 17 January 2025. The dividend is expected to be paid through the agency of Euroclear Sweden AB on 22 January 2025.

24SevenOffice Group AB Appoints Staffan Herbst as CEO and CFO

The Board of Directors of 24SevenOffice Group AB is pleased to announce the appointment of Staffan Herbst as Chief Executive Officer and Chief Financial Officer, effective immediately. Staffan, who has been a board member since May 2022, will now lead the group’s remaining businesses post the sale of the ERP division to KKR. He will be based in the Stockholm office, from where he will lead the group’s operations and strategic initiatives. Staffan brings a wealth of experience in leadership roles across technology-driven businesses, particularly in the fintech sector. His career spans

24SevenOffice Propose Name Change to Done.ai Group AB, Marking a New Phase of Strategic Growth

Following the sale of its ERP division the Board of Directors (the “Board”) of 24SevenOffice Group AB (the “Company”) has unanimously proposed a name change to Done.ai Group AB, marking the start of an exciting new chapter for the business. Supported by the company’s largest shareholders, this proposal will be presented for approval at the upcoming Annual General Meeting (AGM). A New Chapter with Done.aiThe name Done.ai reflects the Company’s strategic realignment and focus on AI-powered financial technologies. Following the successful sale of its ERP division to KKR, Done.ai is well-

Announcement from extra general meeting in 24SevenOffice Group AB

Today on 9 January 2025 the extra general meeting of 24SevenOffice Group AB ("24SevenOffice" or the "Company") was held and the following resolutions were passed by the meeting. Resolution regarding dividend The extra general meeting resolved, in accordance with the board of directors' proposal, on a dividend to the shareholders of SEK 6.85 per share, corresponding to a total amount of SEK 465,544,988.20, payable in cash. The board of directors were authorized to determine the record date for the dividend, which may not occur later than the day prior to the next annual general meeting.

Sales of shares in 24SevenOffice Group AB

Ebiz AS, 100% owned by chairman of the board, Staale Risa, has today sold 1,512,446 shares in 24SevenOffice Group AB, corresponding to approximately 2.23 per cent of the shares in the Company, at a price of SEK 23 per share. Following the transaction, Staale Risa does no longer own any shares in 24SevenOffice Group AB.   All In Ventures AS, 100% owned by CEO, Eirik Aalvik Stranden, has today sold 454,990 shares in 24SevenOffice Group AB, corresponding to approximately 0.67 per cent of the shares in the Company, at a price of SEK 23 per share. Following the transaction, Eirik Aalvik

Completion of Purchase Agreement on Sale of Certain Subsidiaries and Assets

Reference is made to the press release issued by 24SevenOffice Group AB (the “Company” or “24SevenOffice”) on 12 November 2024 announcing that the Company had entered into a definitive agreement (the “Purchase Agreement”) with Abacus Bidco Oy (the “Purchaser”), the holding company of Accountor Software, which is majority owned by funds managed by KKR, a leading global investment firm, for the sale of certain subsidiaries and assets of 24SevenOffice (the “Transaction”). The Company is pleased to announce that, pursuant to the terms of the Purchase Agreement, the Transaction has been

NOTICE OF EXTRA GENERAL MEETING IN 24SEVENOFFICE GROUP AB

The shareholders of 24SevenOffice Group AB, reg. no. 559120-8870, (the "Company") are hereby invited to the extra general meeting on Thursday 9 January 2025 at 10:00 CET at Baker McKenzie Advokatbyrå's premises at Vasagatan 7 in Stockholm.   Right to attend the extra general meeting and notice Shareholders who wish to attend the general meeting must:   i. on the record date, which is Friday 27 December 2024, be registered in the share register maintained by Euroclear Sweden AB; and   ii. notify the Company of their participation and any assistants (no more than two) in

Update on proceeds distributions following closing of Transaction

Reference is made to the press release issued by 24SevenOffice Group AB (the “Company” or “24SevenOffice”) on 12 November 2024 announcing that the Company had entered into a definitive agreement (the “Purchase Agreement”) with Abacus Bidco Oy (the “Purchaser”), the holding company of Accountor Software, which is majority owned by funds managed by KKR, a leading global investment firm, for the sale of certain subsidiaries and assets of 24SevenOffice (the “Transaction”).   All closing conditions were satisfied on 17 December 2024 and the completion of the Transaction is contemplated to

Closing Conditions Satisfied for completion of Agreement on Sale of Certain Subsidiaries and Assets

Reference is made to the press release issued by 24SevenOffice Group AB (the “Company” or “24SevenOffice”) on 12 November 2024 announcing that the Company had entered into a definitive agreement (the “Purchase Agreement”) with Abacus Bidco Oy (the “Purchaser”), the holding company of Accountor Software, which is majority owned by funds managed by KKR, a leading global investment firm, for the sale of certain subsidiaries and assets (the “Target Business”) of 24SevenOffice (the “Transaction”). Pursuant to the terms of the Purchase Agreement, the Transaction will be fully settled in cash

Announcement from extra general meeting in 24SevenOffice Group AB

Today on 29 November 2024 in Stockholm the extra general meeting (the "EGM") of 24SevenOffice Group AB ("24SevenOffice" or the "Company") was held and the following resolutions were passed by the meeting.Approval of the sale of certain subsidiaries and assets to Abacus Bidco Oy The EGM resolved, in accordance with the board of directors' proposal, to approve the sale of certain subsidiaries and assets (the "Target Business") of the Company (the "Transaction") to Abacus Bidco Oy, reg. no. 3459129-1 (the "Buyer"), in accordance with a purchase agreement entered into on 12 November 2024 (

NOTICE OF EXTRA GENERAL MEETING IN 24SEVENOFFICE GROUP AB

The shareholders of 24SevenOffice Group AB, reg. no. 559120-8870, (the "Company") are hereby invited to the extra general meeting on Friday 29 November 2024 at 15:00 CET at Baker McKenzie's premises at Vasagatan 7 in Stockholm.Right to attend the extra general meeting and notice Shareholders who wish to attend the general meeting must:   i. on the record date, which is Thursday 21 November 2024, be registered in the share register maintained by Euroclear Sweden AB; and   ii. notify the Company of their participation and any assistants (no more than two) in the general

Interim report, July - September 2024

For Q3 2024 net sales increased by 24% compared to Q3 2023. Consolidated net sales ended at 100,469 (SEK 000s). EBITDA totaled to 17,759 (SEK 000s). Operating profit, EBIT, was -3,417 (SEK 000s). Profit after tax was -13,949 (SEK 000s). Earnings per share was SEK -0.21.CEO’s comments Continued strong momentum with exciting growth areas ahead; agreement with KKR on sale of ERP subsidiaries and assets I am truly excited about today's news regarding 24SevenOffice Group AB has entered into an agreement with KKR—one of the world's largest and most esteemed investment firms—to acquire

24SevenOffice Group AB and KKR Enter into Agreement on Sale of Certain Subsidiaries and Assets

Reference is made to the press release issued by 24SevenOffice Group AB (the “Group Listed Company” or “24SevenOffice”) on 11 October 2024 announcing that the Group Listed Company had entered into a Memorandum of Understanding regarding a potential sale of parts of its assets and subsidiaries. 24SevenOffice, a leader in cloud-based enterprise software across the Nordics, is today announcing that the Group Listed Company has entered into a definitive agreement with Abacus Bidco Oy (the “Purchaser”), the holding company of Accountor Software, which is majority owned by funds managed by KKR, a

24SevenOffice Group AB announces settlement in the dispute with the founders of Busy Technologies AS

The settlement agreement entails that 24SevenOffice Group AB will pay 18 million NOK as the final earnout payment for the shares in Busy Technologies AS owned by the founders (49.7% of the outstanding shares). The agreement is a final settlement for all claims and counterclaims between the parties. Each party will cover their own legal expenses. The Norwegian Tax Administration has issued a notice of amendment to Busy Technologies AS’s tax filings for all previously received funding from the Norwegian SkatteFUNN, R&D tax incentive program, for the years 2018-2021. The notice entails a

24SevenOffice enters into a Memorandum of Understanding regarding a potential sale of parts of assets and subsidiaries

24SevenOffice Group AB (the “Company” or “24SevenOffice”) has today entered into a Memorandum of Understanding (“MoU”) with a buyer which is backed by one of the largest international asset managers (the “Purchaser”) regarding the potential sale of certain subsidiaries and assets of the Company (the “Transaction”). 24SevenOffice will retain several strategically important business units with high growth potential.The Transaction The Transaction perimeter consists mainly of the ERP related subsidiaries and assets, including among others 24SevenOffice Norway AS, 24SevenOffice Scandinavia

24SevenOffice Announces Launch of Strategic Partnership with Storebrand to Simplify Pension Management for Businesses

24SevenOffice is pleased to announce that it has launched a strategic partnership with Storebrand, one of the leading financial services providers in the Nordic region. This collaboration will allow 24SevenOffice to offer Storebrand’s pension solutions directly through its digital platform, further enhancing the value we provide to businesses and accounting firms.   As part of this partnership, 24SevenOffice has also been approved as a licensed ancillary insurance agent by the The Financial Supervisory Authority of Norway, enabling us to integrate Storebrand's pension products

Interim report, January - June 2024

For 1H 2024 net sales increased by 34% compared to 1H 2023. Consolidated net sales ended at 205,153 (SEK 000s). EBITDA totaled to 39,190 (SEK 000s). Operating profit, EBIT, was -3,259 (SEK 000s). Profit after tax was 400 (SEK 000s). Earnings per share was SEK 0.01. In Q2 2024 net sales increased by 35% compared to Q2 2023. Consolidated net sales ended at 100,644 (SEK 000s). EBITDA totaled to 15,696 (SEK 000s). Operating profit, EBIT, was -5,712 (SEK 000s). Profit after tax was -5,359 (SEK 000s). Earnings per share was SEK -0.08.CEO’s comments   Nasdaq-Listed and Extraordinary

24SevenOffice Group AB Announces Strategic Partnership with Lyvia Group AB

24SevenOffice Group AB is pleased to announce a strategic partnership with Lyvia Group AB, a leading technology conglomerate generating SEK 2.2 billion in revenue and offering a diverse range of software solutions and services across Europe. Lyvia Group has a strong emphasis on ERP solutions and implementation within its extensive portfolio.   After thorough evaluation, Lyvia Group has selected 24SevenOffice as a key solution provider for ERP and accounting solutions to its clients. This collaboration also positions 24SevenOffice as a preferred solution for Lyvia Group's own companies.

Extended Strategic Partnership between 24SevenOffice and HSB, Sweden’s largest federation of cooperative housing

HSB has signed a strategic and extended agreement with 24SevenOffice for an additional 4.5 years. The expected annual turnover for the agreement is approximately SEK 10 million. As the largest federation of cooperative housing in Sweden, HSB has been innovatively organizing cooperatives for over 100 years with the aim of improving housing and increasing residents' influence over their housing situation.  HSB manages invoice processing for more than 4,000 housing associations and approximately 350,000 apartments and 677,000 members. The AI accounting collaboration, which has been going on

24SevenOffice Announces Partnership with EyeOn Group to Strengthen Efforts Against Cybercrime

Oslo, July 8th, 2024 – 24SevenOffice, a leading provider of cloud-based ERP software, today announced a strategic partnership with EyeOn Group, a Swedish publicly traded company specializing in IT security and protection against cybercrime.This partnership represents a strong initiative for 24SevenOffice in addressing the ever-increasing threat of cybercrime and is in line with our political lobbying for more investigative resources from the police. Through this alliance, 24SevenOffice will integrate EyeOn Group's advanced security solutions into its existing systems, providing customers

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