PowerTech Information Systems: Difference between revisions

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{{Infobox company

| name = PowerTech Information Systems

| logo =

| caption =
| type =

| type traded_as =

| genre = <!-- Only used with media and publishing companies -->

| traded_as =

| fate =

| genre = <!-- Only used with media and publishing companies -->

| fate predecessor =

| predecessor successor =

| foundation = 1993

| successor =

| founder = Øystein Homelien, Lars Nøring, Harald Paulsen, and HenryHenrik Dramstad

| foundation = 1993

| defunct = <!-- {{End date|YYYY|MM|DD}} -->

| founder = Øystein Homelien, Lars Nøring, Harald Paulsen, and Henry Dramstad

| location_city = [[Oslo]]

| defunct = <!-- {{End date|YYYY|MM|DD}} -->

| location_city = [[Oslo]]

| location_country = [[Norway]]

| ___location =

| locations =

| area_served =

| key_people =

| industry =

| products =

| services = [[Internet service provider]]

| revenue = Approximately $81 million kroner (2009) ($13,794,792 USD, per 2012 currency exchange rates)

| operating_income =

| net_income =

| aum = <!-- Only used with financial services companies -->

| assets =

| equity =

| owner =

| num_employees =

| parent =

| divisions =

| subsid =

| homepage = {{URL|www.powertech.no/}}

| footnotes =
| intl =

| intl =

}}

'''PowerTech Information Systems AS'''<ref>{{Cite web |title=Nøkkelopplysninger fra Enhetsregisteret - Brønnøysundregistrene |url=https://w2.brreg.no/enhet/sok/detalj.jsp?orgnr=968031597 |access-date=2022-06-22 |website=w2.brreg.no}}</ref> is an [[Oslo]]-based [[Norway|Norwegian]] [[Internet service provider]] founded in 1993.

== History ==

PowerTech was founded in fall 1993, in tiny quarters in Storgata, Oslo, by teenagers Øystein Homelien, Lars Nøring, Harald Paulsen, and Henry Dramstad. They had dropped out of school and were all still minors; Nøring's father became chairman of the company for legal reasons.<ref name="Nerder">Gunhild M. Haugnes, [http://www.aftenposten.no/digital/nyheter/Nerder-med-ni-liv-6517272.html#.T4xNquRk7-o "Nerder med ni liv: Tidlig på 90-tallet droppet fire unge tenåringer skolen for å skape sitt eget IT-eventyr. Og etter ti vellykkede år i tidenes mest turbulente bransje peker pilene fortsatt i været for de unge gründerne i Powertech,"] ''[[Aftenposten]]'' January 26, 2003 {{noin iconlang|no}}</ref> In an interview with ''[[Aftenposten]]'' in 1994, they said "their biggest dream was to give the Internet to the people."<ref name="Nerder" /> (They were also interviewed that year by [[Alf Tande-Petersen]] in the program "Opp Med Norge" on [[Norwegian Broadcasting Corporation|NRK]].<ref>Video at [http://www.powertech.no/om-powertech/ Om PowerTech], PowerTech.no {{noin iconlang|no}}</ref><ref name="E24">Magnus A. Koren and Sverre Rørvik Nilsen, [http://e24.no/it/satset-paa-internett-i-1994/3929390 "Satset på internett i 1994: Oslo-selskapet Powertech, som tilbyr bredbåndstilgang og hosting-tjenester, omsatte for 81 millioner i 2009. De da mindreårige gründerne ble intervjuet av Tande P allerede i 1994,"] {{webarchive|url=https://web.archive.org/web/20110509110727/http://e24.no/it/satset-paa-internett-i-1994/3929390 |date=2011-05-09 }} [[E24 Næringsliv]], January 12, 2010 {{noin iconlang|no}}</ref>) They initially provided internet service only to individuals, but later changed their focus to small- to mid-sized companies; they now primarily provide commercial broadband and hosting services, mainly to companies in Oslo and [[Akershus]].<ref name="E24" /> Initially, the founders drew only minimal salaries from the company, and in 1996/97, the company took out a large loan to replace aging equipment. In 2003, three of the founders were still active with the company, which had annual revenues of approximately 30 million [[Norwegian krone|kroner]] ($5,173,047 USD, per 2012 currency exchange rates), had received outside investment of some four million kroner, and was still 50% owned by the four founders and their families.<ref name="Nerder" /> In 2008, including two subsidiaries, the company had approximately 30 employees;<ref name="femten">Marius Jørgenrud, [http://www.digi.no/795195/powertech-er-femten-aar "Powertech er femten år: En av landets aller første nettleverandører fyller rundt tall"], [[Digi.no]], November 21, 2008 {{noin iconlang|no}}</ref> in 2009, revenues were approximately 81 million kroner ($13,794,792 USD, per 2012 currency exchange rates).<ref name="E24" />

PowerTech's original rival was OsloNett[[Oslonett]], which was started by [[Information technology|IT]] professionals from the [[University of Oslo]] and was later acquired by [[Telenor]]. Numerous other ISPs appeared in Norway in 1996/97, most of which no longer exist.<ref name=Nerder/> The company was part owner with ''[[Dagbladet]]'' of the internet portal Start.no,<ref name=Nerder/><ref>Sverre Rørvik Nilsen, [httphttps://www.hegnar.no/it/article301287.ece "Nettportalen taper penger: Dagbladet-eide Start.no klarte ikke å levere positive resultater for 2007,"] Hegnar Online, April 8, 2008 {{noin iconlang|no}}</ref><ref>Unn Conradi Andersen, [httphttps://www.dagbladet.no/nyheter/1999/09/19/177701.html "Dagbladet med gratis Internett: I dag lanseres nettportalen start.dagbladet.no. Som første norske nettavis tilbyr Dagbladet på nettet gratis Internett og gratis e-post til sine brukere,"] ''[[Dagbladet]]'', September 19, 1999 {{noin iconlang|no}}: "Dagbladet og PowerTech står bak den nye tjenesten i samarbeid med Yahoo!, NetSolution, DoubleClick og fotballklubben Start." - "''Dagbladet'' and PowerTech are behind the new service, in collaboration with [[Yahoo!]], NetSolution, [[DoubleClick]], and the football club [[IK Start|Start]]."</ref> which is now the [[Start Network]]; [[Scandinavia Online]] bought PowerTech's share in 2008.<ref>[http://www.na24.no/propaganda/media/article1836395.ece "SOL og Dagbladet går sammen,"] [[NA24|NA24 Propaganda]], May 15, 2008 {{noin iconlang|no}}</ref> Start Bredbånd (broadband) and Whitebird New Media, former subsidiaries, were absorbed into PowerTech on December 1, 2009.<ref>[http://www.powertech.no/presse/pressemelding1/ PowerTech fusjonerer inn datterselskaper], press release, PowerTech.no {{in lang|no}}</ref> iconThe company was sold to Broadnet in February 2016.<ref>{{Cite web |last=Jørgenrud |first=Marius B. |date=2016-02-29 |title=Powertech solgt til Broadnet |url=https://www.digi.no/artikler/powertech-solgt-til-broadnet/320557 |access-date=2022-06-22 |website=Digi.no}}</ref>

==References==

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==External links==

* {{official website|http://www.powertech.no/}}

[[Category:Internet service providers of Norway]]

[[Category:1993 establishments in Norway]]

[[Category:Privately held companies of Norway]]

{{Norway-stub}}

{{Internet-stub}}

[[no:Powertech]]