Press Release

Becoming a world leader in GRC – Two software companies join forces together


Stavanger, Norway – Corporater, a global software company specializing in integrated software solutions for governance, performance, risk, and compliance (GPRC), announced today that it has acquired Betr AS from SpareBank 1 Gruppen AS. Betr is a software company specializing in RegTech and system solutions for governance, risk, and compliance (GRC) aimed at the financial sector. Betr is now a wholly owned subsidiary of Corporater AS.

We are very pleased to have access to the important expertise and software that Betr has built-in Tromsø. Corporater is already a strong challenger to the largest software vendors in the world. Through the acquisition of Betr, our solutions will be further strengthened, and we believe companies worldwide will discover the value of choosing our GRC platform, rather than larger suppliers,” said Tor Inge Vasshus, CEO of Corporater.

We are very pleased that Corporater is the new owner of Betr. For the past 20 years, Corporater has evolved into a strong international company, and we think it is great that international customers will now be able to use what we have built up here in Tromsø,” said Geir Andreassen, Executive Vice President of Technology and Data at Sparebanken Nord Norge.

Tor Inge Vasshus, CEO of Corporater, and Geir Andreassen, Executive Vice President, Technology and Data, SpareBank 1 Nord-Norge signing acquisition agreement​​.​​​​​​​​
About Corporater

Corporater is a Norwegian software company that has had great international success with its GRC platform. The company currently delivers software to large international companies such as Johnson & Johnson and Deutsche Telekom. The company currently has 150 employees in 10 offices worldwide.

About Betr AS

Betr is a Norwegian software company that was once established by SpareBank 1 to cover the bank’s GRC needs. The company has developed a GRC solution that has been used by 28 banks and companies. Betr currently has 15 employees and is located in Tromsø and Oslo, Norway. If in case you have any questions, please reach out using this contact form.