Solwr adjusts the organization for deliveries in 2023
Solwr has some of Norway's largest retail players as customers, and a large number of upcoming deliveries of the ERP platform Trace™ in Norway and abroad in 2023.
In addition, the company has big growth ambitions, and has worked on scaling the company and raising capital to realize the strategy. The downturn in the financial market has resulted in an unsuccessful capital raise for the company in 2022, and Solwr is now adjusting the organization for upcoming deliveries instead of expansion.
KEY TAKEAWAYS
- Solwr is adjusting the organization for upcoming deliveries instead of expansion.
- The downturn in the financial market has resulted in an unsuccessful capital raise for the company in 2022.
- Solwr is postponing its scaling ambitions until 2024.
- The company has solid and committed owners, long-term plans and delivers mission-critical systems to some of Norway's largest retail players.
Has mapped out measures
Solwr Software (formerly Driw) was founded in 1982, and has since 2017 invested over 100 MNOK in the development of Trace. Since 2021, Solwr has had big ambitions for expansion, and in 2022 the company signed its first contract in Sweden. Due to the unsuccessful capital raise, Solwr is postponing its scaling ambitions until 2024. They’re now focusing on existing customers and the delivery year 2023 - in addition to new sales and building partner networks.
Torbjørn Krogen is the CEO of the company, and says they are working on various measures in this intermediate phase.
- We’ve mapped out several measures to achieve the cost reduction we need, and our goal was naturally to minimize the impact on the people in Solwr. We have concluded that this will affect a total of 6 positions across Solwr Software and Solwr Group. These are people with solid expertise in their field. We're already in the process of finding rental opportunities for some of the positions, and will do everything we can to ensure that the others quickly will get new and exciting opportunities outside of Solwr.
Krogen sees that the growth ambitions must be postponed for a period.
- The company has solid and committed owners, long-term plans and delivers mission-critical systems to some of Norway's largest retail players. We have clear ambitions for growth, but see that we’ll have to postpone these plans for a period and adapt our operations to the deliveries we have in 2023.
For more information, contact:
Torbjørn Krogen, CEO
torbjorn.krogen@solwr.com
+47 926 09 775
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