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Lime Technologies AB listed on Nasdaq Stockholm

6 December 2018

Lime Technologies AB (publ), one of the leading cloud CRM providers in the Nordic market, opened for trading on the Nasdaq Stockholm today. The shares are traded under the name “LIME” at the introductory price of SEK 72 per share, corresponding to a total value of SEK 900 million.

Lime’s Board of Directors and primary owner, Monterro, have listed the company to strengthen Lime’s profile among customers, employees, business partners, and investors. It is also an opportunity for Monterro to spread ownership. Through today’s listing, Monterro reduces its share in the company from approximately 70 percent to 30 percent.

Lime’s focus verticals are Real Estate, Energy, Wholesale, and Consulting companies. It’s enjoyed sustained revenue growth of 19 percent per annum over the past 18 years and this is expected to continue in the future.

 

Erik Syrén, CEO of Lime, says:

“Lime has shown strong and profitable growth since its founding, and we expect this to continue going forward. Today, Lime is one of the leading suppliers of cloud CRM systems in Sweden and our goal is to become the leading CRM supplier in the Nordic region. We also plan to enter new markets, such as the UK and the Netherlands in the near future.

 Our product platform and unique go-to-market model gives us a substantial competitive advantage over other players in the market and we have a great opportunity to consolidate our position. We see significant opportunities in a rapidly growing market where digitization, regulation and increased demand for process automation will be driving forces for a long time to come”.

 

Peter Larsson, Managing Partner at Monterro and Chairman of Lime, says:

“Lime has developed into one of the leading providers of cloud-based CRM solutions with thousands of customers and many more users. Over the past three years, the company’s revenue has increased by an average of 19 percent annually to just over SEK 230 million with high profitability and close to 60 percent of revenue coming from repeat customers. Our five-year partnership with Lime, which has seen the company develop into a leading B2B software company, is a good example of how Monterro realizes its vision. This listing of the company’s shares is a logical step in Lime’s development that will strengthen the company’s profile and support its continued expansion”.

 

For more information, please contact:

Erik Syrén, CEO, Lime Technologies
+46 70-738 50 72 | erik.syren@lime.tech

Peter Larsson, Managing Partner, Monterro
+46 8-20 05 56 | peter.larsson@monterro.se

 

About Lime

Lime helps businesses all over the Nordics to become better at customer care. The company develops and sells digital products for “Customer Relationship Management”, development and management of customer relationships. Lime was founded in 1990 and has 220 employees. The company has offices in Lund, Stockholm, Gothenburg, Oslo, Copenhagen, and Helsinki. Their more than 50,000 users include everything from sole traders to large organisations.www.lime-technologies.com

 

About Monterro

Monterro is the leading B2B software investor in the Nordics, with a mission to turn Nordic software companies into market leaders. With operational experience from successfully developing and running companies such as Pointsec, Episerver, and Orc Software, Monterro actively supports its portfolio companies in all aspects of growth. A substantial part of the fund’s capital, 30 percent, comes from Monterro’s founders and employees. Since it was founded in 2012, Monterro has completed ten investments and eight add-on investments. www.monterro.se

 

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