Proven growth

Versatile and user-friendly tools for the CFO. Delivered on a highly scaleable platform. Sold by highly motivated hunters. Strengthened by acquisitions. 

Recent highlights

  • Q2: ARR +54% year-on-year to NOK 169 million, with organic ARR growth of 22%

  • Revenue +49% to NOK 40.6 million in Q2, with organic growth of 21%

  • Investing in growth, with more than doubling of the workforce to 135 employees

  • EBITDA break-even in Q2 and NOK +4.1 million adjusted for special cost items

Reports and Presentations

Date File
20 August 2021 2021-Q2 and H1 Video presentation
20 August 2021 2021-Q2 and H1 Presentation 
20 August 2021 2021-Q2 and H1 Report
29 April 2021 2021-Q1 Video presentation
29 April 2021 2021-Q1 Presentation
29 April 2021 2021-Q1 Report
26 March 2021 2020 Annual Report
4 February 2021 2020-Q4 and Full Year Video presentation
4 February 2021 2020-Q4 and Full Year Presentation
4 February 2021 2020-Q4 and Full Year Report
11 November 2020 2020-Q3 Video presentation
11 November 2020 2020-Q3 Presentation
11 November 2020 2020-Q3 Report


Carl Fabian Flaaten

CFO at House of Control

Ir contact

Carl Fabian Flaaten

Phone: +47 90 04 31 84


corporate news


2020 annual report

"Hard work, targeted incentives and products that provide added user value in uncertain times. These are key reasons why we achieved very strong growth in 2020, a year in which we were listed on the stock exchange and made our first acquisitions." - CEO Lasse Sten


Front page 2020

Analyst Coverage

Name Employer Phone E-mail
Øystein Elton Lodgaard ABG Sundal Collier +47 90 50 11 60
Fridtjof Semb Fredricsson Pareto Securities +47 97 64 85 33
Olav Rødevand Pareto Securities +47 92 29 63 34

6 reasons to invest in House of Control

Complete Control is a best-of-breed software allowing CFOs to have better overview of contracts, costs, revenues and obligations – relevant for all companies and public entities. There are 20+ supplementary solutions adding additional functionality and user value. All Complete Control modules are standardized yet highly configurable solutions that integrate, optimize and expand the ERP system.

The Nordic addressable market is 60 times greater than current annual recurring revenues (ARR). A large market with limited penetration creates substantial room for growth in existing markets, and now we are expanding beyond the Nordics.

Our business model provides earnings visibility and a high share of recurring revenues, and with 1,200 customers paying on average NOK 91,000 per year (2019) exposure to single customers is negligible. The average annual revenue growth has been 33 percent since 2016, and recurring revenues make up approximately 95 percent of total revenues.

The corporate culture and bonus-based remuneration of meeting planners and hunter sales personnel are core reasons for our growth and – to a high degree – unique to our industry. As the portfolio of valuable products we offer the CFO grows, so does customer loyalty and revenue. We expect the acquisition of dinERP to widen and deepen our offerings to the market.

The lifetime value of the average Complete Control customer is between 4.5 and 6.0 times the customer acquisition cost, measured as the fixed salary and commissions for fully ramped sales personnel. In each year from 2016 through 2019, the value of new sales, upsales and price increases is more than three times the combined value of contraction and churn.

Recent and future acquisitions create new as well as increased growth potential. It expands our value proposition and strengthens innovation, paving the way for more customers and increased sales to existing customers. This increases penetration in existing markets while preparing House of Control for expansion into new markets.

CAGR Growth Journey


P&L 2020 at a glance


Diversified Customer Base


Opportunity-Rich Environment


Clear Ambitions


This is Complete Control 5

What we make and sell

Complete Control 5 is at the core of our offering to the market. The Software as a Service (SaaS) solution is a simple yet secure and powerful tool for managing contracts and physical assets throughout their lifecycle. Yet, it does more than merely handling contracts; Complete Control adds significant value to accounting, reporting and budgeting. 

Most businesses have a huge range of contracts covering equipment, liabilities, rental and leasing. In most cases, there tends to be no consolidated overview of these. If you are not in control, it’s easy for thousands of dollars, pounds or euros to slip quietly off the bottom line, year in and year out.

We offer a solution, Complete Control, that gives your business the opportunity to get rid of automatic renewals and unnecessary costs and equipment. This solution is as efficient as it is simple and user-friendly, and its information security is first class. This is why we call ourselves “the CFO’s best friend”.

Why customers favor our solutions

There are at least six market forces driving our growth: 

  • Organizations wishing to improve cost control and cut costs
  • CFOs looking for ways to work smarter – reducing stress while increasing the efficiency of their company and their team
  • Shareholders, board members and CEOs demanding better control over existing contracts, commitments and future cash flows
  • More outsourcing and a growing B2B market resulting in a need for active management and control over an increasing number of contracts
  • Businesses professionalising, moving away from dependence on key personnel
  • New compliance requirements such as IFRS 16 driving new demand for contract management, estimates and reporting

Complete Control 5 is a SaaS solution and our basic source of revenue. It is sold on a 36 month subscription basis - with the addition of a start-up fee. The reason why annual recurring revenues (ARR) exceed total revenues is that ARR includes all subscriptions sold during the financial year (but only partly accounted for in the first year).