Visolit

Visolit was a Norway-based business-to-business information-technology services company operating in Norway, Sweden, and Russia. It was previously known as TeleComputing and developed around the provision of externally managed IT environments rather than the sale of consumer technology products. Its service model included IT operations, outsourcing, consultancy, IT on demand, software as a service, and application-service-provider services. The company was an early participant in the application service provider model, in which business customers access centrally hosted software and IT infrastructure rather than operating all systems themselves. This approach positioned Visolit as an outsourced technology partner for organizations seeking predictable access to business applications, infrastructure, support, and operational expertise. Its activities therefore sat at the intersection of managed services, cloud computing, enterprise software delivery, and IT consulting. TeleComputing was listed on the Oslo Stock Exchange from 2000 under the ticker TCO. The company expanded partly through consolidation in the Norwegian and Swedish IT-services markets. By the period covered in the available reference material, it was based in Asker, Akershus, and had approximately 860 employees serving about 770 companies. These figures describe the company at that stage of its development and are not treated as current because Visolit was subsequently acquired. In January 2019, TeleComputing changed its name to Visolit. The rebranding marked the use of a single identity for the company’s managed IT and cloud-services activities. In March 2016, Visolit was acquired by IK Partners from Ferd Capital; the transaction also gave IK Partners a minority stake in the combined Advania group. In August 2021, Advania acquired Visolit, bringing the business into a larger Nordic provider of corporate IT solutions and cloud services. The acquisition changed Visolit’s ownership and ultimately ended its independent corporate trajectory as a standalone brand. In 2022, former Visolit chief executive Hege Støre became CEO of Advania. Visolit’s significance lies primarily in its role as an enterprise technology-services provider and in its early adoption of hosted application delivery. Its customer proposition centered on outsourcing operational complexity: customers could rely on a specialist provider for IT infrastructure, applications, cloud-related services, and ongoing support. Following the Advania acquisition, information about Visolit as a separate operating brand should be distinguished from information about Advania, since the available material does not establish that the Visolit name continued as an independent company.

Visolit was a Norwegian enterprise information-technology services company headquartered in Asker, Akershus. Before adopting the Visolit name, the business operated as TeleComputing. Its activities focused on providing organizations with outsourced IT operations, hosted applications, consultancy, IT on demand, and software as a service. Rather than functioning as a consumer technology manufacturer or software publisher, the company operated as a service provider responsible for delivering and supporting technology environments for business customers. The company was associated with the early application service provider model. Under this model, applications and related infrastructure are hosted and operated by a specialist provider, while customers access the services without having to maintain the full underlying environment themselves. This approach anticipated later cloud-computing and managed-services models. Visolit’s offering consequently combined infrastructure operations, application hosting, support, consultancy, and other recurring IT services. TeleComputing was listed on the Oslo Stock Exchange from 2000 under the ticker TCO. The company expanded partly through consolidation in the Norwegian and Swedish markets and developed an international operating footprint that included Norway, Sweden, and Russia. The reference material describes the company as having approximately 860 employees and serving around 770 companies during the period in question. Its principal customer base was business and institutional rather than consumer-oriented. Ownership and corporate identity changed several times. In March 2016, IK Partners acquired Visolit from Ferd Capital. The transaction also involved IK Partners taking a minority stake in the combined Advania group. In January 2019, the company changed its name from TeleComputing to Visolit. The new name was used for the company’s managed IT, outsourcing, hosted-application, and cloud-services activities. Advania acquired Visolit in August 2021. This transaction placed Visolit within a larger Nordic IT-solutions and cloud-services group and ended its development as an independently owned company. The available reference does not provide detailed information about the precise post-acquisition treatment of every Visolit operation or whether all customer-facing services immediately adopted the Advania name. It does establish that the acquisition was a major change in ownership and corporate structure. In 2022, Hege Støre, described in the reference as Visolit’s former CEO, became CEO of Advania. Visolit’s historical importance is therefore tied to two themes: its early participation in hosted application services and its growth through consolidation in the Nordic business-IT market. Its brand represented a service-led approach in which companies outsourced technology operations and obtained access to applications, infrastructure, support, and consulting from an external provider. After the Advania acquisition, Visolit is best treated as a former standalone corporate brand rather than an active independent company.

• 2022

  Hege Støre appointed Advania CEO

  [1]Visoliten.wikipedia.org

  Former Visolit CEO Hege Støre was appointed CEO of Advania.

• 2021

  Advania acquisition

  [1]Visoliten.wikipedia.org

  Advania acquired Visolit in August 2021, bringing it into the Advania group.

• 2019

  TeleComputing becomes Visolit

  [1]Visoliten.wikipedia.org

  The company changed its name to Visolit in January 2019.

• 2016

  Acquisition by IK Partners

  [1]Visoliten.wikipedia.org

  IK Partners acquired Visolit from Ferd Capital and obtained a minority stake in the combined Advania group as part of the transaction.

• 2000

  TeleComputing listed on the Oslo Stock Exchange

  [1]Visoliten.wikipedia.org

  The company then operating as TeleComputing was listed on the Oslo Stock Exchange under ticker TCO.

A business-to-business managed-services and outsourcing partner that helped organizations access hosted applications, cloud capabilities, IT operations, and technical consultancy without managing the entire technology environment internally.

• Hosted enterprise software

  Application service provider services

  Visolit was among the early providers of application service provider services, hosting and operating business applications and related infrastructure for customers. The model allowed organizations to access centrally managed software without running the entire technical environment themselves and formed an important part of the company’s historical positioning.

• Managed IT services

  Managed IT operations and outsourcing

  The company provided outsourced IT operations for business customers, including the management and support of technology environments. Its proposition was intended for organizations seeking to transfer some operational responsibility to a specialist provider while retaining access to business-critical IT capabilities and expertise.

• Cloud and subscription services

  IT on demand and software as a service

  Visolit offered IT on demand and software as a service services, giving customers access to technology capabilities through externally operated and recurring service arrangements. These offerings complemented its outsourcing and hosted-application activities and aligned the company with the broader shift toward service-based enterprise computing.

• Technology consulting

  IT consultancy

  Consultancy formed part of Visolit’s business-technology portfolio. The company combined advisory and technical expertise with operational services, allowing it to support customers not only through hosted or outsourced infrastructure but also through professional guidance related to their IT environments.

• 2021

  Advania acquisition of VisolitM&A

  Background

  Visolit was an established provider of corporate IT operations, outsourcing, consultancy, and cloud-related services in several markets.

  Action taken

  Advania acquired Visolit in August 2021.

  Aftermath

  Visolit ceased to operate as an independently owned corporate group and became part of Advania’s broader IT-solutions and cloud-services organization.

  Source

• 2019

  Corporate rebrand from TeleComputing to VisolitStrategy

  Background

  The company had operated as TeleComputing while providing managed IT, outsourcing, hosted-application, and cloud-related services.

  Action taken

  It changed its corporate name to Visolit in January 2019.

  Aftermath

  The Visolit name became the company’s principal identity until its acquisition by Advania in 2021.

  Source

• 2016

  Sale from Ferd Capital to IK PartnersM&A

  Background

  Visolit was owned by Ferd Capital before the transaction.

  Action taken

  IK Partners acquired Visolit from Ferd Capital and acquired a minority stake in the combined Advania group as part of the transaction.

  Aftermath

  The deal placed Visolit under IK Partners’ ownership and linked it more closely with the Advania group.

  Source

• 2022

  Former Visolit CEO Hege Støre becomes Advania CEO[1]Visoliten.wikipedia.org

  Leadership change

  Hege Støre, identified as Visolit’s former chief executive, was appointed CEO of Advania in 2022.

• 2021

  Advania acquires Visolit[1]Visoliten.wikipedia.org

  M&A

  Advania acquired Visolit in August 2021, integrating the company into a broader provider of corporate IT solutions and cloud services.

• 2019

  TeleComputing changes its name to Visolit[1]Visoliten.wikipedia.org

  Other

  The Norwegian IT-services company formerly known as TeleComputing adopted the Visolit name in January 2019.

• 2016

  IK Partners acquires Visolit from Ferd Capital[1]Visoliten.wikipedia.org

  M&A

  IK Partners acquired Visolit from Ferd Capital in March 2016 and took a minority stake in the combined Advania group as part of the transaction.

1. 1Visoliten.wikipedia.org