STAR in Partnership with Longship
Key shareholders
Longship is a Norwegian-based private equity investor with a long-term, dedicated focus on small and medium-sized Norwegian growth companies. They are renowned for their strategic vision and commitment to fostering growth.
“We are pleased to announce our partnership with Star Information Systems,” says Johan Anstensrud, lead partner for Longship’s investment.
With the release of their new web-based software platform and their accumulated expertise within planned maintenance, supply and logistics, and HSEQ, STAR is well-positioned to lead in the maritime software landscape as the industry transitions from on-premise to web-enabled solutions. Through our investment, Longship aims to collaborate closely with STAR’s existing stakeholders to drive the company’s continued growth within maritime and adjacent markets.”
While Longship takes a more prominent ownership role, the founders of Star Information Systems remain important shareholders and will be actively involved. This ensures a seamless transition and a continued commitment to our overarching goal – to be the leading EAM software supplier to the energy and maritime industry.
Why we do it
Star Information Systems, with a solid foundation in the energy and maritime software sector and notable financial achievements in recent years, is positioned for significant growth. By joining forces with Longship, we aim to propel the company to new heights, unlock increased potential, and drive accelerated development.
Bjørn Martin Klokkernes, Managing Director at Star Information Systems expressed enthusiasm about the partnership, stating, “Our collaboration with Longship is a significant step in our journey to achieve further substantial growth. With this strategic partnership, we are inspired to innovate at an accelerated pace, building on our strong foundation to deliver even greater value to our clients.”
What we aim to achieve
We aim to improve our foundation by expanding our capabilities and services, confidently affirming our status as a strong company. This strategic move is not just about progress; it’s a decisive step toward realizing our vision of leading the forefront of innovation and growth within our industry.
Product advancements – STAR Suite
Building on the success of our new web-based software, STAR Suite, we are committed to continuous enhancements. This includes integrating cutting-edge technologies and user-friendly interfaces for planned maintenance, safety management, docking and projects, and supply and logistics.
Strengthening our Consultancy and Support services
We are intensifying our focus on our consultants, the backbone of our expertise, and on our technical support services to provide prompt and effective client support, which is crucial for STAR’s success.
Internal organization
We are enhancing internal organizational structures to accommodate anticipated growth to become more agile and responsive. These improvements will facilitate better service delivery and adaptability to dynamic client needs.
Global presence
Our collaboration with Longship strengthens our global presence and ensures seamless delivery of solutions worldwide.
Moving forward with confidence
As Star Information Systems undergoes strategic changes in collaboration with Longship Investment Company, the founders express an optimistic outlook for the company’s future. The recent initiatives, including the launch of STAR Suite, set the stage for steady evolution and growth.
Per Anders Koien, Product Director and one of the founders of Star Information Systems, shares his thoughts on this transformative phase: “The groundwork has been laid, and we are confident and excited about this next step and the potential it brings. With Longship and the STAR team, we are looking ahead and expect a future with great achievements, client satisfaction, and a commitment to maintaining a competitive edge in the industry.”
Longship is a Norwegian-based private equity investor with a long-term, dedicated focus on small and medium-sized Norwegian growth companies. The company specializes in identifying great companies with the potential to grow and develop, ultimately becoming highly valuable to society.
About Star Information Systems
Star Information Systems (STAR) is a global provider of an Enterprise Asset Management System (EAM) for the maritime and energy industry. Our customer´s vessel range from smaller fleets to large drilling rigs, and oil and gas installations. Since 1997, STAR has provided innovative software solutions and support for ship and rig management.
For media inquiries, please contact: Bjørn Martin Klokkernes, Managing Director, bmk@sismarine.com
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