Omega 365 Solutions expands partnership with Str8line and acquires majority stake
Omega 365 Solutions has strengthened its partnership with Str8line by acquiring a majority stake of 51% in the project management software company.
Published: 24. October 2024Previously, Omega 365 Solutions held a minority stake of 15% in Str8line, acquired in August 2022. This increased ownership will enable Str8line to leverage Omega 365’s network and resources, providing access to valuable opportunities.
“This is an exciting and natural next step in the collaboration with Str8line. We want to support Str8line’s continued growth and contribute to the further development of their capabilities,” says Svein Tore Haraldseid, General Manager of Omega 365 Solutions.
“We look forward to the benefits this partnership will bring, ultimately leading to more value for our customers.”
Str8line provides enhanced and simplified project management solutions for effective decision-making and communication toward project success. With an intuitive project hotel that equips teams with essential tools, Str8line enables efficient and informed decision-making. The company’s predefined processes and methodologies facilitate better control over project clarifications, changes, and documentation, ultimately contributing to improved productivity.
“This marks an exciting new phase for Str8line. By aligning more closely with Omega 365 Solutions, we are well-positioned to pursue new opportunities and broaden our impact,” said Eirik Næss, Chairman of Str8line.
Based in Kviteseid in Telemark, Norway, Str8line will continue to operate from its current location, which will now also serve as a new location for Omega 365, the company’s 13th in Norway.
About Omega 365 Solutions
Omega 365 Solutions empowers organizations with data-driven insights through its leading software solutions, Omega 365 and Pims. The vision is to become a global leader in project and asset management, offering cutting-edge systems alongside expert services.
With a strong presence in the oil and gas, healthcare, infrastructure, energy, construction, and renewables industries, Omega 365 Solutions is expanding both in Norway and internationally. The innovative solutions drive efficiency and sustainability, positioning the company as a trusted partner in the global market.
Supported by over 250 professionals at Omega 365 Solutions and part of a larger group of 2,200 employees, the company operates 13 offices in Norway and collaborates with international teams in the USA, Canada, Australia, Singapore, Lithuania, France, the UK, and Denmark.
About Str8line
Str8line delivers a user-friendly and efficient project management platform, ideal for project communication and information sharing, specifically tailored to construction and infrastructure projects. Str8line helps projects improve decision-making processes and collaboration between contract parties through an intuitive platform that facilitates easy management of communication, documentation, and quantity tracking.
The platform provides project teams with access to predefined processes and methodologies that ensure better control over changes, clarifications, and document workflows, with full revision history and traceability. This contributes to increased productivity and reduced risk of errors. Str8line also makes it easy to upload and share documents in various file formats, with integrated approval and preview functions.
Based in Kviteseid, Telemark, Str8line is dedicated to delivering customized solutions to its clients, while continuously improving the software to meet future challenges. The goal is to ensure project success by providing teams with the tools they need to make informed decisions and enhance collaboration.