The settlement agreement entails that 24SevenOffice Group AB will pay 18 million NOK as the final earnout payment for the shares in Busy Technologies AS owned by the founders (49.7% of the outstanding shares). The agreement is a final settlement for all claims and counterclaims between the parties. Each party will cover their own legal expenses.

The Norwegian Tax Administration has issued a notice of amendment to Busy Technologies AS’s tax filings for all previously received funding from the Norwegian SkatteFUNN, R&D tax incentive program, for the years 2018-2021. The notice entails a repayment of 3.6 million NOK in taxes.

With this agreement, the dispute with the Busy founders is fully settled, and the legal proceedings are concluded.

For further information please contact:

Eirik Aalvik Stranden, CEO

Tel: +47 247 00 030, eas@24sevenoffice.com

24SevenOffice in brief

At 24SevenOffice, we are passionate about delivering modular and flow-focused business systems tailored to meet the unique needs of companies of all sizes.

We understand that businesses require flexibility and scalability, which is why we provide a module-based solution that enables you to create the perfect workflow, adapting to your evolving requirements.