24SevenOffice is a Norwegian software company with headquarters in Oslo, Norway, and offices in Stockholm, Sweden and London, UK. Founded in 1997, the company specializes in web-based (SaaS) ERP and CRM systems. Company history 24SevenOffice was started in 1997 in Porsgrunn, Norway under the company name IKT Interactive AS and marketed as kontorplassen.no. The name "24SevenOffice" was introduced for the company's London branch when the company entered the British market in 2003. The company changed its name to 24SevenOffice in February 2005. Originally based in Skien, the company later moved to Oslo Innovation Center before establishing their current headquarters on Tjuvholmen in the waterfront Fjord City of Oslo. The idea for the company's product was developed in 1996, and 24SevenOffice was an early innovator in the Scandinavian market in terms of web-based enterprise resource planning-solutions (ERP). A British office was established at Surrey Business Park in May 2003, with the company launching its web-based (SaaS) utility computing system to the UK SME market in 2004. An office in Chennai, India was established in 2005, and 24SevenOffice entered the Swedish market when they acquired the leading competitor and ERP-provider Start & Run in a cash deal. In August 2005, the company had an initial public offering that raised million, and the company entered The Norwegian Over the Counter Market list as of 5 October 2005 (the ticker was 24SO), reaching a market value of million, with 5000 customers in Norway. In 2006, the company signed a deal to sponsor rally driver Petter Solberg, the largest private sponsorship in Norwegian sport at that time. Instead of receiving NOK 5 million in cash, Solberg received a 2.9 percent ownership in the company. The German-speaking market was entered in April 2006, when an office in Frankfurt am Main was opened, and in late August/early September they established an office with ten sales agents plus a general manager in Stockholm for the Swedish market. 24SevenOffice initiated strategic cooperation with Active 24 in early 2006 to develop a common platform. During the summer, Active 24 was bought by 24SevenOffice's ERP/CRM competitor Mamut (company), and 24SevenOffice terminated the contract with Active 24 in October demanding NOK 200 million in compensation for lost revenue. After a breakdown of settlement negotiations in the Forliksråd in January 2007, 24SevenOffice filed a case against Active 24 for breach of agreement in the Oslo District Court in March. 24SevenOffice lost on all