Lime Technologies AB listed on Nasdaq Stockholm

Lime’s Board of Directors and primary owner, Monterro, have listed the company to strengthen Lime’s profile among customers, employees, business partners, and investors. It is also an opportunity for Monterro to spread ownership. Through today’s listing, Monterro reduces its share in the company from approximately 70 percent to 30 percent.

Lime’s focus verticals are Real Estate, Energy, Wholesale, and Consulting companies. It’s enjoyed sustained revenue growth of 19 percent per annum over the past 18 years and this is expected to continue in the future.

Erik Syrén, CEO of Lime, says:

“Lime has shown strong and profitable growth since its founding, and we expect this to continue going forward. Today, Lime is one of the leading suppliers of cloud CRM systems in Sweden and our goal is to become the leading CRM supplier in the Nordic region. We also plan to enter new markets, such as the UK and the Netherlands in the near future.

Our product platform and unique go-to-market model gives us a substantial competitive advantage over other players in the market and we have a great opportunity to consolidate our position. We see significant opportunities in a rapidly growing market where digitization, regulation and increased demand for process automation will be driving forces for a long time to come”.

Peter Larsson, Managing Partner at Monterro and Chairman of Lime, says:

“Lime has developed into one of the leading providers of cloud-based CRM solutions with thousands of customers and many more users. Over the past three years, the company’s revenue has increased by an average of 19 percent annually to just over SEK 230 million with high profitability and close to 60 percent of revenue coming from repeat customers. Our five-year partnership with Lime, which has seen the company develop into a leading B2B software company, is a good example of how Monterro realizes its vision. This listing of the company’s shares is a logical step in Lime’s development that will strengthen the company’s profile and support its continued expansion”.