Maritech into black, as clients go digital

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Norway-based seafood software outfit, Maritech, has said it’s benefitting from the Norwegian sector’s spending on digital management, and that its 2017 revenues grew 17 percent to EUR 7.3 million for what was a “landmark successful year”.

Maritech CEO, Janne Morstol

“After a challenging year with negative results in 2016, Maritech is now firmly on a positive footing” with EBITDA of EUR 1 million,” a statement said. The result rubbed out a 2016 loss.

“In 2017, we launched our first Digital Seafood products in the public cloud and had our first customer wins in Europe” said Janne Morstol, Maritech CEO.

“We expect further growth in 2018 with the roll out of new, cloud-based digital trading tools aimed at seafood processors, traders and brokers in the global seafood market.”

He said further growth in 2018 was expected, as Maritiech rolls out cloud-based digital trading tools aimed at seafood processors, traders and brokers in the global seafood market.

In 2017, Maritech acquired Lillebakk Engineering, a fast-growing Norwegian company focused on Industrial (Internet of Things). Another milestone was an innovation project to digitalize Norwegian seafood transports with trial customers Coast Seafood, Cermaq and logistics provider DB Schenker.