ON Property
ON Property AS is a Drammen-based Norwegian SaaS company founded in 2012 that provides an integrated property management and accounting platform for commercial and residential property managers and housing cooperatives across Norway, serving roughly 47 enterprise clients and owned by OBOS.
- Company typePrivate
- Founded2012
- HeadquartersDrammen, Norway
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What ON Property does
ON Property AS is a Norway-based vertical SaaS company founded in 2012 in Drammen that builds a cloud-based property management platform combining lease administration, contract management, residential and housing cooperative management, full accounting, and Norwegian VAT (proportional deduction and adjustment obligation) handling in a single integrated system. The platform is structured around four interconnected modules — Næringsforvaltning (commercial property management), Boligforvaltning (residential/housing cooperative management), Økonomi (accounting with bank reconciliation and invoice workflows), and MVA og justering (VAT and adjustment) — plus supporting features including a board and resident portal, time registration (ON Time), and invoice approval (Flow-faktura). The company serves approximately 47 enterprise customers across Norwegian commercial real estate and housing cooperatives, including Bertel O. Steen Eiendom, Vika Eiendomsforvaltning, OBOS, and BOB Bbl, and processes roughly 2.4 billion NOK in billed rent across 180+ active contracts and 85,000 square meters under management.
ON Property operates a subscription-based SaaS revenue model with custom pricing tied to portfolio size and complexity, sold through a Norway-only direct enterprise field sales motion anchored on a demo-first acquisition funnel. The company employs ~20 specialists across technology, real estate, and finance domains, led by founder and Managing Director Per Maastad, who brought 25 years of prior experience at Norwegian vertical-software incumbent Vitec. Strategic ownership is anchored by OBOS, one of Norway's largest housing cooperatives, which provides both long-term capital stability and a flagship segment relationship. The company does not disclose its own revenue, has no public funding rounds, no acquisitions, no geographic expansion outside Norway, and no AI/ML capability claims.
ON Property firmographics
Firmographics- Name
- ON Property
- Legal name
- ON Property AS
- Website
- https://on.no
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- ON Property AS is a Drammen-based Norwegian SaaS company founded in 2012 that provides an integrated property management and accounting platform for commercial and residential property managers and housing cooperatives across Norway, serving roughly 47 enterprise clients and owned by OBOS.
- Ownership category
- akta.pro rank
ON Property industry classification
Industry- Product category
- Property Management Software
- NAICS
- Real Estate Property Managers (53131), Nonresidential Property Managers (531312), Residential Property Managers (531311), Other Activities Related to Real Estate (531390)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)
- akta.pro primary industry
- Affordable Housing Property Management (BPAJAGAJ)
Keywords
Where ON Property is headquartered
LocationHeadquarters
- HQ city
- Drammen
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
ON Property business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Property Management Software Subscription: ON Property operates as a SaaS property management platform, providing integrated property administration and accounting functionality on a subscription basis to commercial and residential property managers across Norway
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
ON Property product offering
Product offeringCore offering
ON Property is a cloud-based SaaS platform that combines commercial and residential property administration with full accounting and Norwegian VAT handling in a single integrated system. The platform provides modules for lease management, contract administration, index adjustments, proportional VAT calculation, adjustment obligations tracking, bank reconciliation, invoice approval workflows, and a digital board/resident portal. It is sold on a subscription basis to Norwegian property management companies, real estate portfolio managers, and housing cooperatives.
Product overview
ON Property is a unified property management platform that combines property administration and finance in a single system. The core platform is built around four interconnected modules: Næringsforvaltning (commercial property management) as the primary offering for complex commercial portfolios, Boligforvaltning (residential property management) for housing associations and residential portfolios, Økonomi (accounting/finance) providing complete financial management with bank reconciliation and invoice workflows, and MVA og justering (VAT and adjustment) handling Norwegian VAT rules including proportional deductions and adjustment obligations. Additional features including Styre og beboerportal (board and resident portal), Bankavstemming (bank reconciliation), ON Time (time tracking), and Flow-faktura (invoice processing) are integrated components within these modules rather than separate products.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Invoicing that previously took half a day now takes seconds
- +2 more outcomes
Companies that use ON Property
Customer profileNamed customers13 records
Segments3 records
Ideal customer profiles3 records
ON Property technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature9 records
ON Property partnerships and signals
Strategic signalScale indicators5 records
Recent moves5 records
Expansion highlights3 records
ON Property competitors and assessment
Company assessmentDirect peers
- Hogia: Hogia is a Swedish/Nordic software provider delivering ERP and property management solutions to Nordic real estate companies. It overlaps directly with ON Property's combined property management + accounting positioning, particularly in adjacent Swedish and Norwegian housing markets.
- Vitec Software Group: Vitec is a Nordic vertical software group that acquired the property management business where ON Property's founder spent 25 years. It is the most direct competitor in Norwegian/Swedish property management software, serving the same customer base with overlapping property administration and accounting modules.
- Aareon: Aareon is a major European property management software vendor serving housing and commercial real estate. Its integrated ERP + property suites compete with ON Property's single-system approach across Nordic and broader European housing cooperatives and commercial portfolios.
- Orango: Orango is a Norwegian software provider focused on housing cooperative and condominium management. It serves a directly overlapping customer segment with ON Property's Boligforvaltning module and represents the most proximate domestic SaaS competitor.
Broad incumbents
- Visma: Visma is a large Nordic enterprise software conglomerate offering accounting, ERP, and vertical solutions. Its broad portfolio overlaps with ON Property's accounting/property integration thesis and provides indirect competition via partner and resold property solutions across the Nordic region.
- MRI Software: MRI Software is a global real estate software provider offering property management, accounting, and analytics. Its broad portfolio and acquisition strategy place it as a broad incumbent threat to ON Property's integrated property + accounting positioning, particularly for larger Nordic enterprise accounts.
- Yardi: Yardi is a global property management software incumbent offering integrated property, accounting, and VAT-handling solutions across commercial and residential portfolios. It competes at the upper end of the Norwegian market and represents the broader incumbent threat for larger Norwegian enterprises.
- AppFolio: AppFolio is a US-listed property management SaaS serving residential and commercial portfolios with integrated accounting. Although US-centric, it represents the integrated property + accounting model benchmark and is a credible alternative if ON Property expands internationally.
- Fortnox: Fortnox is a Swedish cloud accounting SaaS used widely by small and mid-sized Nordic businesses. While not property-specific, its accounting platform is a substitute/competitor for the financial half of ON Property's integrated offering and competes for the same CFO/controller buyer.
Others
- Tietoevry: Tietoevry is a large Nordic IT services and software provider serving banking, public sector, and real estate. It is an adjacent ecosystem participant — offering consulting, integration, and platform services relevant to Norwegian property managers — rather than a direct product competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
ON Property social profiles
Digital presenceON Property financial estimates
Financial estimateRevenue estimate
Valuation estimate
ON Property leadership team
Management profileNumber of profiles
Profiles8 records
ON Property funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ON Property M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ON Property
What does ON Property do?
ON Property is a cloud-based SaaS platform that combines commercial and residential property administration with full accounting and Norwegian VAT handling in a single integrated system. The platform provides modules for lease management, contract administration, index adjustments, proportional VAT calculation, adjustment obligations tracking, bank reconciliation, invoice approval workflows, and a digital board/resident portal. It is sold on a subscription basis to Norwegian property management companies, real estate portfolio managers, and housing cooperatives.
Is ON Property a public or private company?
ON Property is a private company. It is classified as corporate owned and is currently operating.
When was ON Property founded?
ON Property was founded in 2012. It employs 1 to 10 people.
Where is ON Property based?
ON Property is headquartered in Drammen, Norway, in the Europe region.
How does ON Property make money?
One revenue line is on record: property Management Software Subscription.
Who are ON Property's main competitors?
Direct peers on record are Hogia, Vitec Software Group, Aareon and Orango. Broad incumbents are Visma, MRI Software, Yardi, AppFolio and Fortnox. Tietoevry is listed as an others.
Does ON Property have an API?
No public API is recorded for ON Property.
What industry is ON Property in?
ON Property's product category is Property Management Software. Its primary akta.pro industry code is BPAJAGAJ, Affordable Housing Property Management. Its NAICS code is 53131 and its SIC code is 6531.