Cognite is a fast-growing industrial software-as-a-service (SaaS) company. It is headquartered in Oslo and has offices in Austin and Houston (Texas), USA, as well as Tokyo, Japan. The company’s core product, called Cognite Data Fusion®(CDF), collects, processes, and contextualizes vast quantities of data for industrial operations.
Aker's ownership agenda
As Cognite’s largest shareholder, Aker is engaged to support its further growth by seizing opportunities in the growing industrial software market. A significant portion of Cognite’s revenues already derive from licenses and subscription-based income (ARR). A key focus area for Aker’s ownership agenda is to support continued growth in the company’s ARR and SaaS revenues, which are a key factor for value creation in a SaaS business model. Aker will support Cognite’s strategy of further international expansion, recruitment of skilled employees worldwide and development of customer relationships. It is also important for Aker that Cognite continue to work in partnership with companies possessing unique expertise, experience and global presence, which are leaders in their respective fields and willing to further upscale and commercialize the company’s products.
Aker owns 50.5 percent of the company’s shares. Aker’s co- shareholders in Cognite are two of the world’s most well-reputed technology investors, Accel and TCV, as well as the world’s largest oil company, Saudi Aramco. Aker’s CEO and President, Øyvind Eriksen, represents Aker on Cognite’s Board of Directors.