Duett AS, a Tynset, Norway-based provider of software-as-a-service solutions to professional accountants and their clients in Norway, received a majority growth investment from Accel-KKR.
The amount of the deal was not disclosed.
Maurice Hernandez, Head of the European office at Accel-KKR. Hernandez, along with Rachel Spasser and Adam Malinowski, will join Duett’s Board of Directors.
The company intends to use the funds to accelerate vertical and geographic expansion plans.
Led by Bjørnar Håkensmoen, CEO, Duett is a provider of SaaS accounting solutions in Scandinavia for professional accountants and the enterprises they serve in industries including agriculture, construction and real estate. Duett offers three pillar products: Økonomi, MinSide and Sky. Økonomi is a comprehensive SaaS accounting platform used by professional accountants. Select offerings include invoices, factoring, transaction registration, reporting, settlements, inventory management and payroll. MinSide can be sold through the accountants to their end users to allow visibility into current accounts / business KPIs, simplify administration and maintain internal controls. Sky is a hosting service for Duett SaaS customers.