Star Information Systems acquired by private equity firm

Maritime software provider Star Information Systems (STAR) has confirmed that Norwegian private equity firm Longship Investment Company has acquired a majority stake in the company. The financial details have not been disclosed.

“We are pleased to announce our partnership with Star Information Systems,” says Johan Anstensrud, lead partner for Longship’s investment.

“With the release of their new web-based software platform and their accumulated expertise within planned maintenance, supply and logistics, and HSEQ, STAR is well-positioned to lead in the maritime software landscape as the industry transitions from on-premise to web-enabled solutions.”

“Through our investment, Longship aims to collaborate closely with STAR’s existing stakeholders to drive the company’s continued growth within maritime and adjacent markets.”

In 2023, STAR reported revenues of approximately NOK 100 million (US$9.5 Million), representing a year-over-year growth of 23%. The company is headquartered in Trondheim, Norway and operates through five global offices with a staff of around 60.

The founders will remain as shareholders in the business following the transaction and will be actively involved in the company going forward, the parties note.

“The groundwork has been laid, and we are confident and excited about this next step and the potential it brings,” said Per Anders Koien, Product Director and one of the founders of Star Information Systems.

“With Longship and the STAR team, we are looking ahead and expect a future with great achievements, client satisfaction, and a commitment to maintaining a competitive edge in the industry.”

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Rob O'Dwyer
Rob O'Dwyer

Rob is Chief Network Officer and one of the founders of Smart Maritime Network. He also serves as Chairman of the Smart Maritime Council. Rob has worked in the maritime technology sector since 2005, managing editorial for a range of leading publications in the transport and logistics sector. Get in touch by email by clicking here, or on LinkedIn by clicking here.

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