Nortal (webmedia) börsile (WEB1T ???)

Kirjutise point oli minu arvates: ehita firmat, võta riske, tekita töökohti, maksa makse, sisene tagasilöökidest heitumata välisturgudele jne ja siis kui on ettevõtte eluteel raskem hetk, tuleb härra Toivo Tänavsuu ja kirjutab kõigest sellest parastava pateetilise tooniga sensatsiooniloo. Ma ei tea Nortali siseelust eriti midagi (ausalt öeldes see gossipi pool ei huvita ka eriti - tean ainult, et edumeelne ja kiirelt arenenud kõrge lisandväärtusega ettevõte). Aga sellised dramaatilised ajakirjanduslikud võtted nagu "Kotka nägi inimest. Alamäe jälgib inimressurssi" jne, millest see lugu kubises, on lihtsalt bollocks*.

*Hint: Igas normaalses ettevõttes on tehakse samaaegselt mõlemat.
Ah tead äriettevõtete sisest musta pesu ajakirjanduses pestes jääb mustus külge nii pesijatele (ajakirjanikud) kui ka pestavatele.
Oli minulgi aastaid Ekspress koju tellitud. Mingi hetk hakkas tunduma, et sisu on kesiseks jäänud... ja iga nädal jäi silma, et keegi Toivo Tänavsuu on üllitanud täiesti küündimatu IT-valdkonna artikli. Tol ajal viljeles ta positiivsusest nõretavate "järgmise Skype" edulugude kirjutamist. Isiklikult mul selle selliga kokkupuuted puuduvad, aga naljakal kombel said just tema artiklid kaalukeeleks, miks otsekorralduse tühistasin. Ma ei soovi, et minu raha eest rumalusi toodetaks.
http://arileht.delfi.ee/news/uudised/suurte-muutuste-aasta-nortal-suurendas-kasumit-ule-kahe-korra?id=74198283
Kuidas turgu hõivata:

1. Mõtle välja üks MamboJambo®
2. Kuuluta see standardiks mida ainult sina tohid kasutada
3. Palu see omadel jopedel igasse riigihankesse kirjuatada
4. Loe raha.
Lenzer

3. omasid jopesid pole üldse vaja, piisab sellest kui esimene riigihange võita ja et mambojambo oleks piisavalt keerukas, et konkurendid ei suudaks jätkuhangetel konkureerida
Normaalne oleks hoopis nõuda, et firma pakuks standarseid lahendusi, mida on võimalik pärast kellelgi teisel üle võtta, mitte ei kasutaks enda leiutatud frameworke ja teeke.

Sattusin rääkima ühe statistikaametis töötava inimesega, ütles, et nad olid väga õnnetud ise ka kõik selle hanke üle aga midagi muud polnud teha, Nortali jura oli end neile sinna sisse söönud, või söödetud siis süsteemidesse.
skel, sõltumata standardsetest lahendustest, on IT-arenduste puhul oluliselt lihtsam töötada selle partneriga, kes tunneb su äriloogikat. Eriti avalikus sektoris, kus infosüsteemid on väga keerulised ja omavad väga erinevaid seoseid teiste andmebaaside, registrite ja kõige muuga veel.
Äriloogika tundmine aitab IT-firmal teha palju täpsema pakkumise kui konkurendid (töömahu hinnang on täpsem) ja teiseks välistab riski, et mingeid etappe on vaja hakata üle või ümber tegema, sest testimisel selgus, et midagi on puudu/üle/katki.
Lisaks sellele on see ka hankijale odavam, kuna protsess sujub kiiremini ja sujuvamalt, süsteemid saavad tõenäoliselt õigeks ajaks valmis ja mingite ootamatute anomaaliate tõenäosus on väiksem.
Ilmselgelt see kellega varem on koostööd tehtud paremini kursis äriloogikaga aga see ei tähenda et alati igal juhul peaks neid eelistama ning laskma neil teha enda leitatud tehnoloogiaga lock-ini.

Tehnoloogiline lock-in on saatanast, sellega ma olen nõus. Ja samuti kehvalt koostatud hanked, kus jäetakse tähelepanuta litsentsitingimused ja tulevased püsikulud.
Kas sellele Draaxi kommentaarile miinuse pannud võiksid ka selgitada, mis selles kommentaaris valesti või halvasti on öeldud?
Loogiline ja lihtne. Kui hankija jaoks on tähtaegne ja töötav süsteem prioriteet nr 1, siis kirjutatakse ka hanketingimused vastavaks (hinnal väiksem osakaal). Vahel kasutatakse selleks ka koostööpartnerite know-howd (muide, siin ei ole Nortal mingi erand - analoogset sisendit annavad hankijatele paljud partnerid).
Legacy lock-in on tõepoolest paha - selle vältimine on aga hankija pädevuses - pole mingi probleem kirjutada hankesse sisse tingimused, mis nõuavad "laialt kasutatava platvormi" kasutamist. Kui seda tehtud ei ole, tuleb nõuda selgitust. Vahel võib olla mõjuvaid põhjuseid (n: olemasoleva suure süsteemi täiendamine suhteliselt väikeses mahus).
Lahtiütelus: viimase aasta jooksul olen olnud episoodiliselt erapooletu konsultant (tuttav korraldab hankeid, ise ei ole enam seotud riigihangetega mingil moel) mõningate hangete tingimuste osas.
http://majandus24.postimees.ee/3738293/nortali-aktsionarid-ostsid-ettevotte-valja?_ga=1.247796807.1112110655.1394697108
Nortal olnud hiljuti aktiivne tehinguturgudel.


Nortal kaasas võlakirjaemissiooniga 12 miljonit eurot
Rahvusvaheline tarkvara- ning ärikonsultatsioonide ettevõte Nortal kaasas institutsionaalsetelt investoritelt Soomes ja Balti riikides võlakirjade emiteerimisega 12 miljonit eurot, mida ettevõte kasutab muuhulgas USA ettevõtte Dev9 ostu finantseerimiseks ja Saksamaal tegevuse laiendamiseks.

«On hea meel, et kahel järjestikusel aastal läbi viidud võlakirjaemissioon on tõestanud, et investorite huvi ettevõtte vastu on kõrge ning meie tulemused on tekitanud neis usalduse ja kindlustunde. Lähiajal Tallinna börsil võlakirjade noteerimise kavatsust meil ei ole,» ütles Nortali juhatuse liige Andre Krull BNS-ile.

Võlakirjad on 5-protsendise intressimääraga ning lunastustähtpäevaga 25. mai 2022. Võlakirjaemissiooni korraldas Evli Bank, märkimist viis läbi Redgate Capital.

Kolmapäeval teatas Nortal USA pilveteenustele spetsialiseerunud tarkvara- ja konsultatsiooniettevõtte Dev9 ostust, kuid selle tehingu maksumus ei kuulu avaldamisele. Seda tehingut finantseeriti võlakirjaemissiooniga, kus osalesid olulisel määral muuhulgas ka Swedbanki ja SEB pensionifondid.


Ja teade Dev 9 ostust. Nortal acquires Dev9, a US cloud engineering company
As one of the top North American AWS Advanced and Google Cloud Premier partners, Dev9 delivers innovation through software development rooted in continuous integration and delivery (CI/CD), automation and cloud.
“This merger enriches our offerings, in the U.S. and globally, by enhancing existing data-driven technology capabilities and adding significant depth to cloud modernization,” adds Shvaikovsky.
“For the past 8 years, Dev9 has assembled an exceptional team of world-class software development and cloud transformation innovators who collaborate long-term with clients to tackle their most complex technology initiatives,” says Matt Munson, co-founder and CEO of Dev9. “Together with Nortal’s global delivery presence and business domain and industry expertise, Dev9 teams will now serve customers round-the-clock with high caliber, end-to-end best practice solutions.”
Nortal and Dev9 will merge their current U.S. management and teams, becoming the foundation for Nortal’s North American expansion. Dev9 CEO, Matt Munson, will continue to lead the Dev9 team as part of Nortal Group.


NORTAL: €50 million bond issue to bolster Nortal’s expansion and accelerate growth
Nortal has concluded a €50 million bond issue to bolster the company’s expansion efforts and refinance an existing bond. Bonds were issued with five-year maturity and 4.75% coupon rate.

According to Priit Alamäe, founder and CEO of Nortal, this is the largest bond issue to date for Nortal that was mainly subscribed by renowned institutional investors. “Success of this bond issue, active interest by investors and a coupon rate of 4.75% is a testament of Nortal’s good reputation with the investor community and a strong sign of confidence and trust,” says Alamäe.

“I’m especially glad to see the bond issue so warmly welcomed in one of our most important home markets — the Nordics,” states Alamäe, adding that 75% of demand came primarily from institutional investors from Finland, Sweden and Norway, and 25% from investors and pension funds from Latvia, Estonia and Continental Europe.
In past years, Nortal has been growing fast in employee numbers and revenue as well as expanding geographically. In 2018, the company acquired Dev9, a Seattle-based software engineering consultancy specializing in cloud modernization, and has invested in building a strong presence in Germany.

“We are looking forward to furthering our offerings and accelerating growth in Germany, the Nordics and the U.S.,” adds Alamäe.

The bond proceeds of €50 million will be used to refinance an existing bond and for general corporate purposes, allowing Nortal to continue accelerating growth through tactical acquisitions in existing markets. The issue, with five-year maturity and a 4.75% coupon rate, will pay interest semi-annually.

For the bond issue, Pareto Securities acted as global coordinator and bookrunner, Redgate Capital as local manager, and the trustee agent is Nordic Trustee Oy.


ÄP: Kuidas kuue päevaga 50 miljonit kokku korjata
Nortali juht Priit Alamäe rääkis tänases Äripäeva raadio hommikuprogrammis lahti teekonna, kuidas ta kuue päevaga külastas seitset riiki selleks, et müüa investoritele usku ettevõttesse.

"Hommikul istud lennukile, teed päev otsa kohtumisi. Õhtul võtad järgmise lennuki, sõidad järgmisesse riiki, hotell. Hommikul kohtumised, õhtul lennuk ja nii edasi," kirjeldas Alamäe võlakirja emissiooni tausta.

Alamäe rääkis, et see töö sillutab teed börsile minekuks - kui see mõte peaks tulema, on teatud usaldussuhted loodud. "Usalduse ehitamine jae- ja institutsionaalsete investorite seas on ikka väga-väga pikk protsess. Ja nii me oleme seda kaks ja pool aastat teinud. See tähendab seda, et me iga kvartal jagame oma majandustulemusi, kommenteerime neid, me anname prognoose, täidame prognoose."

Q: Miks just võlakiri ja miks intress natuke üle nelja protsendi?
A: Me otsustasime minna võlakirjaturule kaks ja pool aastat tagasi ning seal oli kaks kaalutlust.
Esiteks me oleme nii-öelda asset-light ettevõte. Meil on vähe kinnisvara, masinaid - või meil ei olegi põhimõtteliselt kinnisvara-masinaid ja klassikalises mõttes pangatagatisi.
Seetõttu oleme pankadele väga keeruline finantseerimisobjekt, kuna klassikaline pangatagatis peab olema kinnisvara või mingi tajutav vara. Eks me oleme Eesti panganduse jaoks natukene liiga suured.
Teine kaalutlus oli see, et kui sa kunagi tahad minna ettevõttena avalikuks, siis usalduse ehitamine jae- ja institutsionaalsete investorite seas on väga-väga pikk protsess. Me oleme seda kaks ja pool aastat teinud. See tähendab, et jagame iga kvartal oma majandustulemusi, kommenteerime neid, anname prognoose, täidame prognoose. Ehitame pikapeale üles usaldust laiemas investorite kogukonnas. Kindlasti see tuleb meile mingil hetkel kasuks.
….
Q: Kuidas saaks praegu väikeinvestor Nortalisse investeerida?
A: Tuleb pöörduda meie emissiooni korraldajate poole, kes Põhjamaades oli Pareto ja Eestis Redgate Capital.
Rahageeniuse portaalis Suur intervjuu Priit Alamäega: mõnes mõttes on väike ime, et meie e-riigil läheb endiselt täitsa hästi

Börsile mineku kontekstis midagi ei mainita, samuti ei ole eriti midagi konkreetset majandustulemuste osas. Peale selle, et ettevõte on jätkuvalt kiire kasvu režiimis ja Alamäe näeb kasvu veel pikemalt.
Q: Mis teie ambitsioon on USA turul? Kas te tahate seal pigem rahulikult kasvada või võib ka teid leida 10 aasta pärast sealsete suurettevõtete seast – ilmselt küll mitte 500, aga äkki 5000?
A: Tead, 10 aastat on nii pikk perspektiiv, et mul ausalt ei ole aimu, mis siis toimub. Aga meil ettevõttena on DNA-sse sisse ehitatud, et eilne eesmärk on tänane norm. Kogu aeg tuleb edasi liikuda, kunagi ei saa olla rahul sellega, mis juba on. Rahulik kasv… ma arvan, et see ei ole meil kunagi teemaks.

Q: Nii et ikka kahekordistumine?
A: (Naerab) Mis kahekordistumine. Tahaks ikka rohkem!
Küsimus on natuke mõtlemises. Kas tahad eelmise aastaga võrreldes 10% kasvada – või mõtled, mis on igal hetkel ettevõtte potentsiaal ja kuidas on seda võimalik realiseerida. Meie mõtlemine on sinna teise suunda.
See tuleneb ka sellest, et oleme väga erinevatel turgudel väga erinevas arengustaadiumis. Eestis oleme selgelt kõige suurema turuosaga. Ma arvan, et Eestis teatakse, et kui on vaja teha midagi päris suurt ja keerulist, siis Nortal on selgelt parim valik.
Soomes oleme kiirelt kasvav tubli keskmik. Samas Soome turg on Eestiga võrreldes vähemalt 10 korda suurem. Seal võiksime rahulikult olla tänasest ka viis korda suurem. USA-st rääkimata. USA-s ja Saksamaal oleme suuruse mõttes startup. Omaanis oleme ka kui mitte turuliider, siis üks turuliidritest kindlasti, kuid seal on ka turg teise dünaamikaga.
Eri riikides on ettevõtted väga erinevas elukaare etapis, aga grupi tasemel ma ei näe, et meil võiks kasvule piir ette tulla.

ITuudised.ee vahendab: Nortal müüb Rootsis osa ärist, sest sünergia jäi tulemata
Tarkvara- ja ärikonsultatsioonide ettevõte Nortal müüb turunduse automatiseerimise ärisuuna Rootsis kohalikule juhtkonnale, sest Nortali põhiäriga ei õnnestunud tekitada loodetud sünergiat.

Ärisuuna omandavad ettevõtte juht Rootsis Jonas Ander ning turunduse automatiseerimise valdkonna juht Mathias Jonsson. Nortal sisenes Rootsi turule 2016. aastal turunduse automatiseerimise ettevõtte Element ostu teel.

Hind ja teised tehingut puudutavad detailid ei kuulu Nortali teatel avaldamisele. Tehingu peavad veel heaks kiitma ettevõtte võlakirjainvestorid.



Huvitav, et selliseid asju võlakirjainvestorid heaks kiitma peavad. Eeldaks, et välist heakskiitu tuleb otsida kohalikust konkurentsi järelevalvega tegelevast ametiasutusest.
PR: Nortal increased revenue in 2019 to €86 million
Multinational strategic change and technology company Nortal increased total consolidated revenue in 2019 by 29% to €86 million. The company’s operating profit (EBITDA) reached €11.4 million in 2019, resulting in EBITDA margin of 13%.

According to Nortal’s Founder and CEO, Priit Alamäe, 2019 was a good year for the company, demonstrating strong financial results across all home markets as well as concluding a €50 million bond issue to bolster expansion efforts in the upcoming years in Germany and the Nordics.

The most significant contributors to growth in 2019 were Germany, the U.S and Finland. “Our portfolio is well-balanced both in terms of geographies as well as sectors. We continue to invest in long-term strategic relationships with our customers for whom our people can create a tangible positive impact. These are the success factors that have created sustainable growth,” adds Alamäe.

Following the acquisition of Seattle-based software engineering company Dev9 at the end of 2018, Nortal secured expected synergies, diversified the portfolio and drove new business opportunities in the U.S via integrating businesses in 2019. “Our customers, many of whom are in the Fortune 500 list, are now served by an integrated global delivery organization on both sides of the Atlantic.”

Among other growth drivers, Alamäe names extensive leveraging of data, a user-centric approach, strong substance knowledge and software delivery automation as factors that played a significant role in 2019 growth and will continue to do so in 2020 as well.

2020 Outlook

“The economic outlook for 2020 includes substantial uncertainties due to the Covid-19 pandemic and the economic crisis. However, our business has proven to be resilient, and we are well positioned long-term due to our competence and customer mix,” states Alamäe.

The pandemic has also proven to be a major catalyst for change in 2020, according to Alamäe, accelerating the need for digital transformation across both public and private sectors and increasing the importance of business agility to be able to act fast in times of uncertainty.

“The investment in digital transformation has proven to be an invaluable insurance policy for the organizations that have taken it seriously over the years. We can now see that e-commerce, digitalization of supply-chains and production, e-services in government and the availability of digital medical data are critical to the functioning of any government or organization, rather than nice-to-have features,” adds Alamäe.

Building stronger strategic relationships

In 2019, the company invested in building a stronger strategic workshop culture enhanced with design thinking.

“It has become an integral part of how we work with our customers and build strategic relationships. Bringing together domain expertise, a strong understanding of the technology development curve and a user-centric approach, allows us to both define the problems and explore the solutions in a fresh, meaningful way,” adds Alamäe.

Tapping into global capabilities for local impact

Over the past years, the company has organizationally transformed its ways of working into a distributed delivery setup – allowing for agility and enhancing collaboration as well as knowledge-sharing across the teams from Tallinn to Seattle, from Helsinki to Dubai.

The Nortal distributed delivery model is the foundation for compiling cross-border high-skilled teams on short notice to address customers’ specific business needs efficiently.

“At the end of Q1 2020, our distributed delivery model was further successfully tested by the global quarantine and proved to be extremely resilient and efficient, allowing us to keep meeting deadlines and exceeding quality expectations while working remotely from home offices,” says Alamäe.

Focus on employee engagement and professional development

The company continues to focus on employee engagement, well-being and professional development, as well as contributing to the development of strong professional communities in all of Nortal’s home markets.

“The best customer experience requires highly skilled people who are inspired and on top of their game. Our people are intrinsic when it comes to creating value for our customers, so each year, we invest an equivalent of roughly 20% of our profit into people development. This includes internal trainings, professional development and community building,” states Alamäe.
Sama äri tegevate ettevõtete turul Skandinaavias jätkub kõva paugutamine. HiQ pakkumine.
Nortal to acquire Schütze, a recognized strategic consulting and IT solutions company in Germany
Nortal has entered into a definitive agreement to acquire Schütze AG, a leading strategic consulting and software engineering company in Germany. The merge strengthens Nortal’s expansion strategy in Europe, creating a transatlantic digital transformation powerhouse of 1000 experts.
“Schütze and Nortal join through similar DNA and values – both in how we conduct business as well as our organizational culture. We share a common belief in creating a meaningful impact for our customers by combining strategic consulting, data-driven technologies and software engineering to simplify and optimize complex processes,” says founder and CEO of Nortal Priit Alamäe.

“Over the past few years, Nortal has built a growing local business in Germany, working with customers in healthcare, public and private sectors. I’m glad we have found an established partner with a strong local presence and a high-quality offering to accelerate growth,” adds Nortal Germany Country Manager Taavi Einaste.

Nortal has been operating in Germany since 2018. Most recently, the company launched an award-winning pilot to manage digital prescriptions, paired with medical video consultations in the federal state of Hessen, together with Optica and other partners.

According to CEO of Schütze AG Ole Behrens-Carlsson, with the past 20 years, Schütze has established itself as a recognized, federal-level service provider in Germany. “We have assembled an exceptional team of world-class experts who collaborate with long-term customers to help them digitize their organizations, businesses and services,” adds Behrens-Carlsson.

Schütze is known as the trusted partner for the federal administration in Germany in the introduction of electronic invoices. Additionally, Schütze is the market leader in Germany in providing and implementing trust centers to pseudonymize sensitive data in the eHealth sector.

“Tapping into Nortal’s expertise as one of the main architects of eGovernment in Estonia, the company’s global delivery presence, and expertise from Europe and the U.S., we can combine world-class public sector know-how, enhance our healthcare offering and expand our services to industry and manufacturing sectors in Germany,” adds Behrens-Carlsson.

According to Alamäe, Schütze and Nortal will continue to invest in the long-term strategic relationships with customers in Germany, expand a joint-offering portfolio and drive new business opportunities.

Nortal and Schütze will merge their current management and teams in Germany, becoming the foundation for Nortal’s expansion. Schütze AG CEO, Ole Behrens-Carlsson, will lead the joint business in Germany as part of the Nortal brand and become a member of the Group Leadership Team.

“Ole has the track record and breadth of experience we believe to be critical to take our business forward in Germany and lead the organization,” adds Alamäe.

With a merged team in Germany and an expanding global distributed delivery team in the U.S. and Europe, Nortal can offer customers in Germany the unique combination of best-in-class expertise across disciplines and domains.

About Schütze

For more than 20 years, Schütze experts have been supporting significant projects for Germany’s digital pioneers. Schütze employs 170 professional consultants, developers and IT operators, who create digital solutions in the areas of administration, associations, medium-sized businesses and healthcare.
Skelia, an award-winning leader in building cross-border IT organizations to merge with Nortal, a global digital transformation leader.
Multinational strategic change and technology company Nortal announced to integrate Skelia, an international leader in building cross-border IT and engineering organizations and affiliate companies in Eastern-Europe. Skelia brings cross-border organization-building expertise to Nortal’s unparalleled ability to deliver value by complex digital transformation projects.

As the next steps, Nortal and Skelia will focus on creating customer synergies and value, as well as building additional opportunities for Skelia’s great talent in Poland and Ukraine, to become part of a fast-growing, impact-driven global company.

"Skelia has established itself as an international leader in building dedicated multi-site technology teams in areas where customers want to stay in control and experience premium team stability and service quality. Their strong presence in Ukraine and Poland provides Nortal an excellent platform for growth. Together, we are able to further expand the business across different geographies and time zones while strengthening our offering and serve customers across the full value spectrum, seamlessly," Priit Alamäe, Founder of Nortal.

"It’s an exciting moment for Skelia. In Nortal we found a perfect match and strategic partner, with shared ambitions, shared people values and a strong customer focus. By joining forces, Nortal and Skelia leverage each other’s complementary and individual strengths and provide new career opportunities for our global combined employee pool of more than 1700 people. Nortal brings us a rich experience in building complex solutions and products. This is highly complementary to Skelia’s longstanding business of building over 200 stable cross-border IT and engineering organizations for leading companies across Europe, UK, the Nordics and USA," Patrik Vandewalle, CEO & Co-Founder of Skelia.

Skelia was founded in 2008 and it currently employs more than 350 people, mostly in Ukraine and Poland. Skelia serves customers in 10 countries and operates through a global network of offices in the Benelux, Poland, Ukraine, and the United States.

Nortal. Founded in 2000, Nortal employs over 1400 people and has 20 offices in Europe, the United States, and the Middle East. Nortal’s Seamless Teams bring together world-class strategic consulting, software engineering, product and customer experience, project management and design practices to create meaningful impact for customers and seamlessly deliver the future.

The acquisition was advised by Dragon Capital on the buyer’s side and Oaklins Sweden on the seller’s side.