Cegal´s four main areas of business are cloud, software, Business Consulting, and IT & Geo consulting. Our cloud-based solutions provide high performance IT systems and customized software solutions to more than 13 500 end users. We support more than 1 300 applications, and our support center offers a single point of contact for all IT related questions. We have five datacenters and more than 120 O&G customers. In Q4 2019, Cloud represented 47.0% of the Group’s total revenues of which almost all is long term recurring revenue.
Cegal develops and sells software to extend, improve and speed up workflows within geology, geophysics,mreservoir engineering and data management. In addition, we offer development of high quality customized software solutions. In Q4 2019, software represented 14.2% of our revenues.
Cegal offers highly experienced on-site consultants and expert geomodelers. In Q4 2019, consulting represented 19.6% of our revenues.
Cegal Business Consulting consists of multi skilled consultants, organized in teams and in individual engagements providing value-adding services to
our clients. Our service areas are Operator Readiness, Business Improvement Services and Business Professionals for hire. In Q4 2019, Business Consulting revenue represented 5.6% of our revenues.
In Q4 2019, 3rd party resale and other sales represented 13.6% of our revenues.
As of Q4 2019, Cegal Group will under the Nordic ABM rules and the terms of the Financial Instruments prepare and make public annual and quarterly financial reports.
Cegal is a global digitalization partner for Oil & Gas, Renewables and Ocean Industries. We have a business model based on delivery of scalable and recurring As a Service solutions, which enables our customers to scale costs easily.
With significant investments in our product and services portfolio over the last years, we now have a unique offering, and are well positioned for the future.
Cegal is owned by the private equity firm Norvestor, the founders of the company and employees. Norvestor SPV I Holding AS with funds managed by the private equity team of DWS and Argentum acting as cornerstone investors owns 74.2% of Cegal .