Norse Solutions AS
Oksenøyveien 12
1366 Lysaker
Norway
Org. no: 984 787 111
Ph: +47 67 53 29 40
Fax: +47 67 53 29 39
News
(June 2010)
StepStone Case Study
StepStone ASA, recently acquired by Axel Springer, has volunteered to participate in a Case Study where we examined the results and benefits of using the software Norse Options to administer and account for their option plans. The Case Study is available here.
(March 2010)
Norse Solutions is honored to have won a Gold European Seal of e-Excellence 2010.
The European Seal of e-Excellence rewards ICT and Digital Media companies with an excellent track record in innovation marketing. Awarded annually since 2003 by the EMF and its Partner Organisations, the Seal is widely known for recognizing companies with:
1) innovative products and services;
2) excellence in the marketing thereof.
"Since our beginning in 2002, we have focused continuously on quality and precision in everything we do. Norse Solutions aims to provide the best software solutions in the share-based payment administration market and thereby ensure that our software Norse Options™ will become the preferred solution for Plan Administration, accounting and disclosure worldwide. We are very proud and honored to have been awarded the European Seal of E-Excellence in Gold."
-Arne Peder Blix, CEO
Please see
(November 24th 2009)
Norse Solutions ranked number 183 on Deloittes EMEA Fast 500 List
Today Deloitte announced the 2009 ranking of the Deloitte Technology Fast 500 for EMEA companies. Despite global economic turmoil, there were some high performers among technology companies in Europe, Middle East, and Africa (EMEA) and the Fast 500 in 2009 exceeded that of 2008.
The Fast 500 encompasses all technology industry segments including: Biotech, Pharmaceutical and Medical Equipment, Telecommunications and Networking, Computers and Peripherals, Internet, Semiconductors, Components and Electronics, Media and Entertainment, Software, and Greentech.
Norse Solutions is proud to be ranked number 183 on this exclusive list. The Awards Ceremony was held in London on November 24th 2009. The entire report can be found Norse Solutions is proud to be ranked number 183 on this exclusive list. The Awards Ceremony was held in London on November 24th 2009. The entire report can be found here.
(October 20th 2009)
Norse Solutions makes the Deloittes Fast50 List
Today, Deloitte announced the 2009 ranking of Deloitte Technology Fast 50 for Norwegian companies based on percentage revenue growth over a five-year period. Norse Solutions is proud to be qualified and ranked number 23. Deloitte has also informed that Norse will be ranked on the Deloitte EMEA Fast 500, which will be announced on 24th of November 2009.
(October 1st 2009)
Norse Options v3.1 was launched October 1st 2009
Main features included in the new launch were enhanced functionalities related to;
- Support for performance-based programs
- Basis-reports and trail for calculation of taxable benefits
- Improved overview of equity holdings for employees (free and locked-in shares)
- Customizable Graphic User Interface (GUI) for employee login
- Calculation and reporting of bonus shares
(August 11th 2009)
Our client Norwegian Air Shuttle in the Norwegian financial newspaper; Finansavisen
(June 5th 2009)
Norse Solutions in the Norwegian financial magazine; Kapital
(February 19th 2009)
Norse Solutions in the Norwegian financial newspaper; Finansavisen
(December 15th 2008)
Norse Solutions in the Norwegian financial newspaper; Finansavisen
(October 2008)
NASPP Annual Conference 2008
Norse Solutions' staff participated in the NASPP Annual Conference in New Orleans. This was the first time Norse Solutions has attended an exhibition. Our web-page visits have more than doubled after this. A number of other exhibitors have been contacting us the last couple of weeks and we are overwhelmed and humbled by all the positive feedback we have received.
(19th. August 2008)
Study Finds Broad-Based Options in Venture-Backed Companies Both Common and Effective
Data on the extent and effectiveness of broad-based equity plans in closely held companies are scarce and based on samples too limited to be persuasive, but we recently came across one significant exception. In "Give Everyone a Prize? Employee Stock Options in Private Venture-Backed Firms" (2005, unpublished), John R.M. Hand of the Kenan-Flagler Business School looked at data from 2004 and 2005 provided by VentureOne, a provider of data on venture-backed firms. The sample consisted of 1,032 venture-backed companies responding to the survey for which adequate data were available. The study found the mean percentage of employees getting options was 89%, and 74% of the companies granted options to everyone. In other words, contrary to the conventional wisdom that broad-based equity awards have been disappearing in venture-backed companies, they are in fact almost universal.
Hands study looks at whether granting options deeply into the organization is a good strategy for venture investors. He correlates the fraction of the firms employees receiving shares and finds that granting options to more employees results in better performance than granting them more narrowly. The specific measures are too complex to describe here, but they essentially create a hypothetical optimal depth of options granted. Using that optimal depth, Hand concludes that firms that err of on the side of too many people getting options do better than those that err on the side of too few.
The argument here is that granting options too far down poses minimal risk because lower-level employees usually get smaller grants. In contrast, not granting far enough down the ladder can create a substantial risk that potentially critical people will not be retained or motivated. So it is better to err on the side of caution.
