<s>
24SevenOffice	B-Application
is	O
a	O
Norwegian	O
software	O
company	O
with	O
headquarters	O
in	O
Oslo	O
,	O
Norway	O
,	O
and	O
offices	O
in	O
Stockholm	O
,	O
Sweden	O
and	O
London	O
,	O
UK	O
.	O
</s>
<s>
Founded	O
in	O
1997	O
,	O
the	O
company	O
specializes	O
in	O
web-based	O
(	O
SaaS	B-Architecture
)	O
ERP	O
and	O
CRM	O
systems	O
.	O
</s>
<s>
24SevenOffice	B-Application
was	O
started	O
in	O
1997	O
in	O
Porsgrunn	O
,	O
Norway	O
under	O
the	O
company	O
name	O
IKT	O
Interactive	O
AS	O
and	O
marketed	O
as	O
kontorplassen.no	O
.	O
</s>
<s>
The	O
name	O
"	O
24SevenOffice	B-Application
"	O
was	O
introduced	O
for	O
the	O
company	O
's	O
London	O
branch	O
when	O
the	O
company	O
entered	O
the	O
British	O
market	O
in	O
2003	O
.	O
</s>
<s>
The	O
company	O
changed	O
its	O
name	O
to	O
24SevenOffice	B-Application
in	O
February	O
2005	O
.	O
</s>
<s>
The	O
idea	O
for	O
the	O
company	O
's	O
product	O
was	O
developed	O
in	O
1996	O
,	O
and	O
24SevenOffice	B-Application
was	O
an	O
early	O
innovator	O
in	O
the	O
Scandinavian	O
market	O
in	O
terms	O
of	O
web-based	O
enterprise	O
resource	O
planning-solutions	O
(	O
ERP	O
)	O
.	O
</s>
<s>
A	O
British	O
office	O
was	O
established	O
at	O
Surrey	O
Business	O
Park	O
in	O
May	O
2003	O
,	O
with	O
the	O
company	O
launching	O
its	O
web-based	O
(	O
SaaS	B-Architecture
)	O
utility	O
computing	O
system	O
to	O
the	O
UK	O
SME	O
market	O
in	O
2004	O
.	O
</s>
<s>
An	O
office	O
in	O
Chennai	O
,	O
India	O
was	O
established	O
in	O
2005	O
,	O
and	O
24SevenOffice	B-Application
entered	O
the	O
Swedish	O
market	O
when	O
they	O
acquired	O
the	O
leading	O
competitor	O
and	O
ERP-provider	O
Start	O
&	O
Run	O
in	O
a	O
cash	O
deal	O
.	O
</s>
<s>
24SevenOffice	B-Application
initiated	O
strategic	O
cooperation	O
with	O
Active	O
24	O
in	O
early	O
2006	O
to	O
develop	O
a	O
common	O
platform	O
.	O
</s>
<s>
During	O
the	O
summer	O
,	O
Active	O
24	O
was	O
bought	O
by	O
24SevenOffice	B-Application
's	O
ERP/CRM	O
competitor	O
Mamut	O
(	O
company	O
)	O
,	O
and	O
24SevenOffice	B-Application
terminated	O
the	O
contract	O
with	O
Active	O
24	O
in	O
October	O
demanding	O
NOK	O
200	O
million	O
in	O
compensation	O
for	O
lost	O
revenue	O
.	O
</s>
<s>
After	O
a	O
breakdown	O
of	O
settlement	O
negotiations	O
in	O
the	O
Forliksråd	O
in	O
January	O
2007	O
,	O
24SevenOffice	B-Application
filed	O
a	O
case	O
against	O
Active	O
24	O
for	O
breach	O
of	O
agreement	O
in	O
the	O
Oslo	O
District	O
Court	O
in	O
March	O
.	O
</s>
<s>
24SevenOffice	B-Application
lost	O
on	O
all	O
counts	O
in	O
the	O
District	O
Court	O
in	O
December	O
2007	O
.	O
</s>
<s>
In	O
January	O
2008	O
,	O
24SevenOffice	B-Application
appealed	O
the	O
case	O
to	O
the	O
Borgarting	O
Court	O
of	O
Appeal	O
,	O
reducing	O
the	O
cause	O
of	O
action	O
from	O
NOK	O
250	O
to	O
30	O
million	O
.	O
</s>
<s>
24SevenOffice	B-Application
lost	O
on	O
all	O
counts	O
in	O
the	O
Court	O
of	O
Appeal	O
in	O
December	O
2008	O
,	O
and	O
was	O
ordered	O
to	O
cover	O
the	O
costs	O
incurred	O
by	O
Active	O
24	O
in	O
connection	O
with	O
the	O
dispute	O
totaling	O
NOK	O
6.91million	O
.	O
</s>
<s>
24SevenOffice	B-Application
appealed	O
the	O
case	O
to	O
the	O
Supreme	O
Court	O
of	O
Norway	O
,	O
but	O
the	O
Supreme	O
Court	O
Appeals	O
Committee	O
in	O
March	O
2008	O
unanimously	O
rejected	O
the	O
appeal	O
from	O
24SevenOffice	B-Application
over	O
the	O
Borgarting	O
Appeal	O
Court	O
's	O
unanimous	O
judgment	O
of	O
December	O
2008	O
.	O
</s>
<s>
On	O
a	O
counterclaim	O
from	O
Active	O
24	O
and	O
Mamut	O
against	O
24SevenOffice	B-Application
,	O
the	O
Oslo	O
District	O
Court	O
in	O
May	O
2010	O
found	O
,	O
that	O
24SevenOffice	B-Application
should	O
pay	O
Active	O
24	O
NOK	O
12	O
million	O
in	O
compensation	O
for	O
wrongfully	O
having	O
terminated	O
the	O
agreement	O
,	O
and	O
a	O
further	O
NOK	O
360.000	O
of	O
the	O
opponent	O
's	O
legal	O
costs	O
.	O
</s>
<s>
24SevenOffice	B-Application
disagreed	O
with	O
the	O
court	O
ruling	O
,	O
and	O
appealed	O
once	O
again	O
.	O
</s>
<s>
With	O
several	O
scrip	O
issues	O
24SevenOffice	B-Application
raised	O
25	O
million	O
NOK	O
(	O
about	O
$4million	O
at	O
the	O
time	O
)	O
between	O
October	O
2005	O
and	O
July	O
2006	O
.	O
</s>
<s>
They	O
entered	O
into	O
a	O
strategic	O
partnership	O
with	O
Bluegarden	O
,	O
who	O
for	O
30	O
years	O
had	O
delivered	O
digital	O
services	O
for	O
payroll	O
,	O
human	O
resource	O
planning	O
,	O
recruitment	O
and	O
training	O
,	O
in	O
March	O
2006	O
,	O
and	O
they	O
made	O
a	O
large-scale	O
agreement	O
in	O
April	O
2006	O
,	O
with	O
US	O
telecommunications	O
software	O
company	O
Webex	O
,	O
a	O
competitor	O
to	O
Norwegian	O
Tandberg	O
videoconferencing	B-Application
equipment	O
manufacturer	O
.	O
</s>
<s>
In	O
September	O
2006	O
,	O
24SevenOffice	B-Application
signed	O
an	O
agreement	O
with	O
Fokus	O
Bank	O
to	O
provide	O
their	O
customers	O
extended	O
functionality	O
in	O
Internet	B-Application
banking	I-Application
.	O
</s>
<s>
24SevenOffice	B-Application
had	O
by	O
2007	O
reportedly	O
9000	O
customers	O
,	O
joined	O
the	O
OpenAjax	B-General_Concept
Alliance	I-General_Concept
,	O
and	O
entered	O
into	O
a	O
strategic	O
partnership	O
with	O
Dun	O
&	O
Bradstreet	O
in	O
May	O
2007	O
,	O
but	O
despite	O
getting	O
listed	O
on	O
Oslo	O
Axess	O
on	O
22	O
June	O
(	O
ticker	O
:	O
TFSO	O
)	O
,	O
reaching	O
a	O
market	O
capitalization	O
of	O
NOK	O
120	O
million	O
,	O
the	O
company	O
was	O
still	O
losing	O
money	O
.	O
</s>
<s>
In	O
2008	O
,	O
24SevenOffice	B-Application
bought	O
50%	O
of	O
the	O
stocks	O
in	O
telecommunication	O
company	O
Oyatel	O
,	O
partnered	O
with	O
Nets	O
Group	O
to	O
facilitate	O
invoicing	O
for	O
businesses	O
,	O
and	O
telecommunications	O
company	O
Telipol	O
choose	O
24SevenOffice	B-Application
's	O
second-generation	O
Internet	O
platform	O
for	O
its	O
8,000	O
users	O
.	O
</s>
<s>
24SevenOffice	B-Application
had	O
turnover	O
of	O
NOK	O
37	O
million	O
in	O
the	O
first	O
half	O
of	O
2009	O
which	O
was	O
a	O
doubling	O
compared	O
to	O
the	O
same	O
period	O
the	O
previous	O
year	O
and	O
presented	O
its	O
first	O
positive	O
EBITDA	O
in	O
Q2	O
.	O
</s>
<s>
Norwegian	O
Association	O
of	O
Auditors	O
signed	O
an	O
agreement	O
with	O
24SevenOffice	B-Application
in	O
2011	O
,	O
whereby	O
they	O
only	O
recommend	O
24SevenOffice	B-Application
as	O
a	O
system	O
for	O
their	O
members	O
to	O
use	O
.	O
</s>
<s>
On	O
27	O
June	O
2013	O
,	O
the	O
shareholders	O
of	O
24SevenOffice	B-Application
took	O
off	O
from	O
the	O
stock	O
exchange	O
and	O
privatized	O
the	O
company	O
.	O
</s>
<s>
24SevenOffice	B-Application
is	O
a	O
web-based	O
(	O
SaaS	B-Architecture
)	O
ERP	O
system	O
.	O
</s>
<s>
24SevenOffice	B-Application
won	O
the	O
Seal	O
of	O
Excellence	O
in	O
Multimedia	O
Award	O
at	O
the	O
2004	O
CeBIT	O
,	O
became	O
Norwegian	O
Gazelle	O
Company	O
of	O
the	O
year	O
2004	O
chosen	O
by	O
Dagens	O
Næringsliv	O
and	O
Dun	O
&	O
Bradstreet	O
,	O
won	O
Product	O
of	O
the	O
Year	O
in	O
the	O
Norwegian	O
finance	O
magazine	O
Kapital	O
,	O
and	O
the	O
IKT	O
Grenland	O
Innovation	O
Award	O
in	O
2008	O
.	O
</s>
