Techstep (TECH)

TekBot · november 29, 2021, 6:01am

Techstep streamlines its customer offering by divesting non-strategic business units

(Oslo, 29 November 2021) Techstep Norway AS and Techstep Sweden AB (fully owned
subsidiaries of Techstep ASA) has today entered into an agreement to divest its
Voice & Contact Center business units (“VCC”) in Norway to Zisson AS (“Zisson”)
…

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and in Sweden to Soluno Communications AB (“Soluno”) respectively, for a total
combined consideration of NOK 65.5 million, settled in cash (the “Transaction”).

“This is part of the ongoing transformation of the company”, said Børge Astrup,
Techstep CEO, “and a natural step on our journey towards becoming a leading
provider of Managed Mobility Services based on our own software. By streamlining
our product portfolio, we ensure a sharp focus and greater value for our
customers”.

VCC recorded revenues of NOK 48 million in 2020 and NOK 45 million in the last
twelve months per September 2021. The Transaction is structured as an asset
purchase with customary closing conditions, including the parties entering into
transitional service agreements from the time of closing. Closing is expected in
January 2022. The estimated effect on net profit before tax and capital
divestment gain is NOK 40.5 million.

For more information please contact:

Børge Astrup, CEO: +47 928 27 676

Marius Drefvelin, CFO: +47 958 95 690

About Techstep ASA

Techstep is purpose-built to become a leading Managed Mobility Services
provider. Techstep provides a complete Managed Mobility Services-offering that
presents enterprises and their employees with access to efficient, secure, and
value-creating mobile work solutions - wherever and whenever they choose to
work. Customer benefits include reduced IT complexity and costs, improved
employee capabilities and engagement, as well as increased productivity and
sustainability. Techstep has more than 350 employees based in Norway, Sweden,
Denmark and Poland, serving more than 2,000 customers across different
industries and sectors. The company is listed on the Oslo Stock Exchange under
the ticker TECH. To learn more, please visit www.techstepasa.no.

This information is considered to include inside information pursuant to the EU
Market Abuse Regulation article 7 and is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock
exchange announcement was published by Marius Drefvelin, CFO, Techstep ASA, on
29 November 2021 at 07:00 CET.

Kilde

TekBot · november 29, 2021, 12:31pm

Techstep ASA - Primary insider notification

TekBot · desember 7, 2021, 6:01am

Techstep ASA - Anita Huun appointed Chief Financial Officer

Techstep, a leading Managed Mobility Services provider, has
appointed Anita Huun as Chief Financial Officer (CFO). Huun has extensive
experience from financial management and analysis, and a track
…

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record from digital transformation and successful scaling of IT and software
companies. Huun is currently a board member of Nordic Semiconductor and
previously of LINK Mobility, and she joins Techstep from the role as CFO
in Cappelen Damm. Prior to that, Huun held the position as CFO of Microsoft
Norway for four years after working as an IT equity research analyst
at Handelsbanken Capital Markets and business analyst in Microsoft Norway.

“Anita will be a great addition to our team with her unique experience from the
IT and software industry. Her expertise in finance and strategy will be key in
streamlining the organization and delivering on our strategy of software
-led sales growth,” said Børge Astrup, the CEO of Techstep.

Huun will join the company on 1 March 2022, replacing Marius Drefvelin who has
accepted a position with another company. He will continue
to support Techstep until 28 February 2022.

“I look forward to joining Techstep and help drive the transformation into
a cloud-based software and services company to fully realize the managed
mobility market opportunity,” said Anita Huun.

“We have a clearly stated Nordic and European strategy. We are very pleased to
have Anita strengthening our management team and applying her capabilities to
capturing the growth and long-term value opportunity in making work mobile
at scale in an easy, secure, and sustainable manner,” said Jens Rugseth, chair
of Techstep’s board of directors.

For more information please contact:

Børge Astrup, CEO: +47 928 27 676

About Techstep ASA

Techstep is purpose-built to become a leading Managed Mobility Services
provider. Techstep provides a complete Managed Mobility Services-offering that
presents enterprises and their employees with access to efficient, secure, and
value-creating mobile work solutions - wherever and whenever they choose to
work. Customer benefits include reduced IT complexity and costs, improved
employee capabilities and engagement, as well as increased productivity and
sustainability. Techstep has more than 350 employees based in Norway, Sweden,
Denmark and Poland, serving more than 2,000 customers across different
industries and sectors. The company is listed on the Oslo Stock Exchange under
the ticker TECH. To learn more, please visit www.techstepasa.no

Kilde

TekBot · desember 14, 2021, 11:05am

DNB signs agreement for Techstep’s own cloud-based mobility software solution

Techstep has enhanced its long-standing relationship with DNB Bank ASA (DNB) by
signing a new managed services agreement for the deployment of Techstep’s own
developed cloud-based mobility software solution SmartControl to DNB’s 9,000
…

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employees.

Through this, DNB will achieve complete administrative control of all its
deployed mobile hardware, including Asset Management and Mobile Expense
Management. In addition, SmartControl will provide DNB’s employees with self
-service for support and cost control management related to the use of mobile
phones at work, which in turn will reduce complexity for DNB.

The new agreement is signed in addition to Techstep’s current agreement for
supply of mobile devices to DNB, and Techstep will deliver new mobile devices
going forward as part of its SmartDevice offering.

“We look forward to assisting DNB and their employees in simplifying and
streamlining the management of mobile hardware throughout its entire lifecycle,
reducing administrative complexity and cost, as well as improving
sustainability” said Techstep CEO, Børge Astrup.

The contract duration is two years, with a significant share of recurring
revenues, primarily driven by SmartDevice, and secondly by SmartControl.

About DNB

DNB is Norway’s largest financial services group and offers financial products
and services, including loans and deposits, mutual funds and asset management,
life insurance and pension savings, payment and financing services, real estate
broking and services related to the money and capital markets.

For more information please contact:

Erik Haugen, Chief Transformation Officer, Techstep ASA: +47 967 90 101

About Techstep ASA

Techstep is purpose-built to become a leading Managed Mobility Services
provider. Techstep provides a complete Managed Mobility Services-offering that
presents enterprises and their employees with access to efficient, secure, and
value-creating mobile work solutions - wherever and whenever they choose to
work. Customer benefits include reduced IT complexity and costs, improved
employee capabilities and engagement, as well as increased productivity and
sustainability. Techstep has more than 350 employees based in Norway, Sweden,
Denmark and Poland, serving more than 2,000 customers across different
industries and sectors. The company is listed on the Oslo Stock Exchange under
the ticker TECH. To learn more, please visit www.techstepasa.no.

This information is subject to the disclosure requirements pursuant to Section 5
-12 the Norwegian Securities Trading Act.

Kilde

TekBot · januar 3, 2022, 5:58pm

Completion of transaction to divest non-core business unit

Reference is made to the announcement made by Techstep ASA (the “Company”) on 29
November 2021 regarding the agreement to divest its Voice & Contact Center
business units in Norway to Zisson AS and in Sweden to Soluno Communications AB
…

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respectively, for a total combined consideration of NOK 65.5 million, to be
settled in cash (the “Transaction”). The conditions for completion of the
Transaction have now been satisfied and the Transaction has hence completed
today, 3 January 2022.

For more information please contact:

Børge Astrup, CEO: +47 928 27 676

Marius Drefvelin, CFO: +47 958 95 690

About Techstep ASA

Techstep is purpose-built to become a leading Managed Mobility Services
provider. Techstep provides a complete Managed Mobility Services-offering that
presents enterprises and their employees with access to efficient, secure, and
value-creating mobile work solutions - wherever and whenever they choose to
work. Customer benefits include reduced IT complexity and costs, improved
employee capabilities and engagement, as well as increased productivity and
sustainability. Techstep has more than 350 employees based in Norway, Sweden,
Denmark and Poland, serving more than 2,000 customers across different
industries and sectors. The company is listed on the Oslo Stock Exchange under
the ticker TECH. To learn more, please visit www.techstepasa.no.

Kilde

TekBot · januar 6, 2022, 4:34pm

Techstep ASA - Primary insider notification

Parov · januar 6, 2022, 4:43pm

På tide denne tar fullstendig av. Innsidekjøp på rad og rekke i lange tider. Sammen med en god venn sitter jeg i første vogna rett bak lokførern. Når vi drar blir det ikke stopp på en eneste perrong

braastad-xo · januar 6, 2022, 7:05pm

I allefall tydelig at nye CEO i Techstep har stor tro på selskapet. Han har vel 3 eller 4 innsidekjøp nå siden han tiltrådte i stillingen for ca et halvt år siden.
Da er jeg ikke alene om å ha tro på Techstep, heldigvis.

TekBot · januar 12, 2022, 10:02am

Techstep ASA - Sheena Lim appointed Chief Marketing Officer

Techstep, a leading Managed Mobility Services provider, has appointed Sheena Lim
as Chief Marketing Officer (CMO). Ms Lim has over 22 years of international
brand, marketing and communication experience, coming from a position as Head of
…

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Marketing and Communications in Zalaris, a leading provider of outsourced
payroll and HR services. Prior to this, Ms Lim worked for twelve years in
Telenor Group and held a range of positions from Global Director of Digital
Channels to Regional Head of Market and Customer Insights in Asia. Ms Lim will
join Techstep on 1 March 2022.

“Sheena is a great new addition to our leadership team with her experience from
international brand, marketing, and product and service development. She will be
key in executing our software-led growth strategy by strengthening our focus on
the customer and product offering,” said Børge Astrup, CEO of Techstep.

“I am excited to team up with new colleagues in making work mobile at scale by
focusing on the customer and strengthening the branding and marketing of our
product offering. Enabling Techstep to capture its true growth?and long-term
value creation opportunities?in the Nordics and Europe is what marketing is all
about,” said Sheena Lim.

For more information please contact:

Børge Astrup, CEO: +47 928 27 676

Techstep is purpose-built to become a leading Managed Mobility Services
provider. Techstep provides a complete Managed Mobility Services-offering that
presents enterprises and their employees with access to efficient, secure, and
value-creating mobile work solutions - wherever and whenever they choose to
work. Customer benefits include reduced IT complexity and costs, improved
employee capabilities and engagement, as well as increased productivity and
sustainability. Techstep has more than 350 employees based in Norway, Sweden,
Denmark and Poland, serving more than 2,000 customers across different
industries and sectors. The company is listed on the Oslo Stock Exchange under
the ticker TECH. To learn more, please visit www.techstepasa.no

Kilde

TekBot · februar 7, 2022, 6:00am

Techstep ASA: Invitation to presentation of Q4 2021 results

Techstep ASA will release its fourth quarter 2021 results on Friday 11 February
2022 at 07:00 CET. The quarterly report and presentation will be made available
on the company’s website: techstepasa.no, as well as on newsweb.no.
…

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The Q4 presentation will be given in English by CEO, Børge Astrup and CFO,
Marius Drefvelin.

A Q&A session will take place as a virtual event on Friday 11 February at 10:00
CET. Please join the Teams-session via the following link:
https://bit.ly/3B0ciiU

Questions for the Q&A session may be submitted in advance to ir@techstep.no, or
live during the session.

A recorded version of the Q&A session will be made available on techstepasa.no
shortly after the session is concluded.

For more information:

Børge Astrup, CEO, Techstep ASA: +47 928 27 676

Marius Drefvelin, CFO, Techstep ASA: +47 958 95 690

Erik Haugen, CTO, Techstep ASA: +47 967 90 101

About Techstep ASA

Techstep is purpose-built to become a leading European Managed Mobility Services
provider. Techstep provides a complete Managed Mobility Services-offering that
presents enterprises and their employees with access to efficient, secure and
value-creating mobile work solutions - wherever and whenever they choose to
work. Customer benefits include reduced IT complexity and costs, improved
employee capabilities and engagement, as well as increased productivity and
sustainability. Techstep has more than 350 employees based in Norway, Sweden,
Denmark and Poland, serving more than 2,000 customers across different
industries and sectors. The company is listed on the Oslo Stock Exchange under
the ticker TECH. To learn more, please visit www.techstepasa.no.

Kilde

TekBot · februar 10, 2022, 7:09am

Techstep ASA - Flagging

TekBot · februar 11, 2022, 6:02am

Techstep ASA: Q4 2021 results

Highlights Q4 2021

· Revenue of NOK 384 million (NOK 399 million), quarterly decrease reflects
…

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transition to recurring revenue model and higher share of one-off deliveries in
2020
· Gross profit of NOK 123 million (NOK 146 million) reflect revenue
development and realization of transactional hardware backlog
· EBITDA adjusted of NOK 25 million (NOK 51 million), reflecting gross margin
in the quarter
· Recurring revenues in the fourth quarter of NOK 266 million (annualized),
including Own Software, Advisory & Services and Hardware-as-a-Service
· Focus on transformation from a transactional to a recurring revenue business
model, driven by software and value adding services
· Signed 11 new managed mobility service contracts, with an estimated value of
NOK 48 million and ~12,600 managed devices in the quarter
· Aligning new management team with software-led growth strategy, Anita Huun
appointed CFO and Sheena Lim appointed CMO
· Divestment of non-core business unit, Voice & Contact Center, to streamline
the organisation and increase focus on core product offering

Commenting on the quarter and the future of Techstep, CEO, Børge Astrup says:

"Techstep continued on our longer-term transformation journey in the fourth
quarter to be the leading European mobile technology enabler for customers that
want to work smarter and more sustainable. We are transforming our business
model from one-off transactional sales to having full focus on selling our
product offering as a recurring revenue bundle. We have an exciting market
opportunity in front of us and we are sharpening our products and go-to-market
approach to capture it in the best possible way in the years to come in a market
that has an annual double-digit growth.

There is a lot of activity ongoing, during March will we launch the rebranding
of Techstep. The rebranding will give a clearer message, storyline and position
of how we support customers through smarter mobile technology for a brighter
tomorrow through our “Smart” product portfolio.

We closed 11 managed mobility services contracts in the quarter, and we are
obviously very happy with the vote of confidence shown by Norway’s largest
financial services group, DNB. We are also pleased to see our pipeline of
opportunities and look forward to converting further opportunities into new
business and added commercial momentum.

We are confident that our sales development over time will be very positive. We
are streamlining the organisation and strengthening the management team with
specialist roles in both marketing and sales. With the restructuring, we are
also shifting our investment towards the commercial division and optimizing the
supporting systems and leads generating initiatives.

We passionately believe in the power of technology to drive positive change -
for organisations right now and for the future as they at the same time deliver
on their ESG commitment. Mobile technology makes employees happier and more
productive by freeing them up to work smarter. That’s not just great for
organisations but for the planet too. By working hard to make our solutions
genuinely sustainable we’re making good on our responsibility to future
generations. We will translate this into commercial success stories for our
customers, and for Techstep.

At the same time, Techstep’s financial results are not at the level we want to
see them. We want higher sales and improved profitability. Our 2021 results
reflect ongoing restructuring and transformation but will start to improve once
our sales pick up, and our recurring revenue business model and higher margin
software and value-adding services are increasingly adopted by our customers
across our markets. We will need to complete the organisational restructuring,
implementation of our new ERP and CRM systems, and not least get our new
management team in place to accelerate our market penetration, drive sales and
improve profitability materially.

To succeed with the ongoing transformation into a software and value-adding
services company, we are streamlining the organisation and aligning the company
around our products and the customer journey. Performance management will be
closely linked to customer success, recurring services and revenue growth, and
ultimately value creation and profitability. We broke the 100 million ARR mark
on our own Software IP with the deals signed in Q4. An important milestone for
us.

Making our world a little smarter, happier and more sustainable is how we’ll
know we’re getting things right" says Børge Astrup, CEO of Techstep" says Børge
Astrup, CEO of Techstep

Material

Please find the report and presentation for Q4 2021 enclosed.

resentation:

The presentation will be held as a pre-recorded webcast with slides. The
presentation, released today at 07:00 CET, is held in English by CEO Børge
Astrup and CFO Marius Drefvelin. To watch the presentation please use this
link: https://youtu.be/8hAxOxr4NI4

A Q&A session will take place as a virtual event today at 10:00 CET. Please join
the session via the following link: https://bit.ly/3B0ciiU

Questions for the Q&A session may be submitted in advance to ir@techstep.no, or
live during the session itself.

A recorded version of the Q&A-session will be made available on techstepasa.no
shortly after the Teams webinar has been concluded.

For more information:

Børge Astrup, CEO, Techstep ASA: +47 928 27 676

Marius Drefvelin, CFO, Techstep ASA: +47 958 95 690

Erik Haugen, CTO, Techstep ASA: +47 967 90 101

About Techstep ASA

Techstep is a complete mobile technology enabler, making positive changes to the
world of work; freeing people to work more effectively, securely and
sustainably. We help customers who want to work smarter, while also delivering
on their ESG commitments. With more than 350 employees based in Norway, Sweden,
Denmark and Poland, we serve more than 2,000 enterprise customers in Europe.
Techstep has NOK 1.3 billion in full year 2021 revenues, and is listed on the
Oslo Stock Exchange under the ticker TECH. To learn more, please visit
techstepasa.no (http://www.techstepasa.no).

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act. This stock exchange release was
published by Marius Drefvelin, CFO, on 11 February 2022 at 07:00 CET.

Kilde

TekBot · februar 14, 2022, 10:33am

Techstep ASA acquires remaining shares in Techstep Finance AS

Techstep ASA has today entered and completed an agreement to acquire the
remaining 20% of the shares in Techstep Finance AS from Bridge Capital AS for a
cash purchase price of NOK 9 million. Following the completion, Techstep owns
…

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100% of the shares in Techstep Finance AS.

"We are transforming Techstep’s business model from one-off transactional sales
to having full focus on selling our product offering as a recurring revenue
bundle. This in turn means a mutual commitment and enhanced value for our
customers as we focus on delivering high customer value.

Hardware-as-a-service is a key component of Techstep’s Managed Mobility Services
-offering, and a contributor to our recurring revenues. Completing this
acquisition is an important step for us in consolidating our business around our
core products, SmartControl, SmartWorks and SmartDevice", said Børge Astrup,
Techstep’s CEO.

“I would like to take the opportunity to thank our former joint venture partner,
Bridge Capital, for their contribution in establishing Techstep Finance’s
success”, Astrup concludes.

For more information, please contact:

Børge Astrup, CEO: +47 928 27 676

This information has been published pursuant to section 5-12 of the Norwegian
Securities Trading Act.

Kilde

TekBot · februar 14, 2022, 11:44am

Techstep ASA - Primary insider notification

Parov · februar 14, 2022, 3:58pm

Jepp. Han har stor tro ja, det er det ingen tvil om. Og understreker det med enda et innsidekjøp. Fantastisk!

TekBot · februar 16, 2022, 8:36am

Techstep ASA - Primary insider notification

Giraff AS, a company owned 100% by primary insider CEO Børge Astrup, has on 15
February 2022 purchased 286,000 shares in Techstep ASA at a price of NOK 3.4967
per share. After this transaction Børge Astrup controls 1,283,082 shares in
…

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Techstep ASA.

In connection with the financing of the abovementioned purchase, including
purchases made on 6 January 2022, 7 January 2022 and 14 February 2022, Giraff AS
has entered into an agreement to pledge the respective shares, 1,104,686 shares
in total.

Please see the attached forms for further information.

For further information, please contact:

Børge Astrup, CEO, Techstep ASA: +47 928 27 676

The information is subject to the disclosure requirements pursuant to the Market
Abuse Regulation article 19 and section 5-12 of the Norwegian Securities
Trading.

Kilde

Parov · februar 16, 2022, 8:41am

BULL!!! Kjøper han hele butikken

TekBot · mars 8, 2022, 8:46am

Techstep signs Managed Mobility Services agreement with HeidelbergCement

Oslo, 8 March 2022. Techstep has signed an agreement with the building materials
manufacturer HeidelbergCement in Norway, to provide its Manage Mobility
Solutions, SmartDevice to 1,000 users in the country.
…

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SmartDevice is Techstep’s mobile device lifecycle solution powered by Techstep’s
own lifecycle handling software, including online store, self-service management
portal for end-users and administrators, and the purchase of mobile devices as-a
-service at a fixed monthly cost.

SmartDevice will help HeidelbergCement reduce IT costs and complexity, and
improve the company’s sustainability by allowing for safe reuse or recycling of
their used mobile devices.

“This agreement reflects our core offering where we provide the customer with
mobile devices at a reduced cost through our as-a-service model, and onboard
each user onto our cloud-based self-service platform. This lays the foundation
for the customers’ further enhanced use of mobile technology to improve the
world of work for their employees” says Techstep’s CRO, Gunnar Aasen.

Techstep estimates a total contract value of NOK 8 million, with an initial
contract period of two years. ARR from own software is estimated to be NOK
588 000.

For more information please contact:

Erik Haugen, Chief Transformation Officer, Techstep ASA: +47 967 90 101

About Techstep ASA

Techstep is a complete mobile technology enabler, making positive changes to the
world of work; freeing people to work more effectively, securely, and
sustainably. We help customers who want to work smarter, while also delivering
on their ESG commitments. With more than 350 employees based in Norway, Sweden,
Denmark, and Poland, we serve more than 2,000 enterprise customers in Europe.
Techstep has NOK 1.3 billion in full year 2021 revenues, and is listed on the
Oslo Stock Exchange under the ticker TECH. To learn more, please visit
techstep.io (http://www.techstep.io).

Kilde

TekBot · mars 10, 2022, 2:05pm

Techstep ASA: Primary insider notification

TekBot · mars 22, 2022, 8:45pm

Techstep (TECH)

Techstep streamlines its customer offering by divesting non-strategic business units

Techstep ASA - Primary insider notification

Techstep ASA - Anita Huun appointed Chief Financial Officer

DNB signs agreement for Techstep’s own cloud-based mobility software solution

Completion of transaction to divest non-core business unit

Techstep ASA - Primary insider notification

Techstep ASA - Sheena Lim appointed Chief Marketing Officer

Techstep ASA: Invitation to presentation of Q4 2021 results

Techstep ASA - Flagging

Techstep ASA: Q4 2021 results

Techstep ASA acquires remaining shares in Techstep Finance AS

Techstep ASA - Primary insider notification

Techstep ASA - Primary insider notification

Techstep signs Managed Mobility Services agreement with HeidelbergCement

Techstep ASA: Primary insider notification

Techstep ASA: Financial statements for 2021 approved by the Board