Storyboard ApS

Denmark · owned by Storyboard AS (Norway) · storyboard.dk · 23 vendors

Storyboard ApS specializes in e-learning and learning platforms, providing LMS systems, course administration, and custom e-learning production. The company helps organizations create engaging learning experiences through their Learning Center platform and tailored digital learning solutions.

Resilience scores

Technology vendors

Insights

Last updated 2026-09-13 · revision 8

23 direct vendors, 244 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Migration Readiness: 7/10

Assessed by AI based on technology stack characteristics (cloud-native vs legacy, containerization, microservices), regulatory environment, data residency requirements, financial stability, and vendor lock-in risks. The score ranges from 0-10, where higher scores indicate better readiness for technology migration.

The company shows high migration readiness due to its cloud-native architecture (Azure West Europe) and modern tech stack (AI-powered LMS, H5P, mobile-first), which avoids the pitfalls of legacy on-premise systems. Financial stability is robust, providing ample resources for migration initiatives. The use of 47 distinct services suggests a modular SaaS approach rather than a monolithic legacy codebase, which generally aids portability. However, readiness is constrained by strict GDPR data residency requirements (must remain in EU/EEA) and significant vendor lock-in to the Microsoft ecosystem (Teams, Office 365, Azure), which would make migrating to a non-Microsoft cloud provider complex. The lack of formal SOC2 documentation also necessitates additional due diligence before any move to a new environment.

Compliance

3 in-scope frameworks identified; showing 3.

GDPR (source) — Compliant

Company is headquartered in Denmark (EU member state) and processes personal data through their LMS platform, making GDPR compliance mandatory.

Company is headquartered in Denmark (EU member state) and processes personal data through their LMS platform, making GDPR compliance mandatory. They demonstrate awareness by offering GDPR training courses and implementing cookie consent mechanisms. However, no explicit DPO appointment or formal GDPR compliance audit evidence was found, creating moderate compliance risk.

Evidence: https://storyboard.no/da/gdpr/, https://storyboard.dk, https://storyboard.dk/wp-content/uploads/2025/03/ESG-profil-2025.pdf

SOC 2 (source) — Assessment Required

As a SaaS LMS provider processing customer data, SOC2 compliance is relevant for demonstrating security controls to enterprise customers.

As a SaaS LMS provider processing customer data, SOC2 compliance would be valuable for demonstrating security controls to enterprise customers. While they use Microsoft Azure (which has SOC certifications), no evidence of their own SOC2 Type II report was found. This creates moderate risk for enterprise sales and customer trust.

Evidence: https://storyboard.dk/wp-content/uploads/2025/03/ESG-profil-2025.pdf, https://storyboard.dk/wp-content/uploads/2025/03/SERVICE-LEVEL-AGREEMENT-SLA.pdf

ISO 27001 (source) — Compliant

Relevant for managing information security risks as a cloud-based software provider.

Company explicitly states in their ESG profile that they work with ISO 27001 (ISMI - ISO 27001) as part of their compliance program. They also mention having an Information Security Management System (ISMS) and that all employees undergo annual IT security training. This demonstrates strong information security management.

Evidence: https://storyboard.dk/wp-content/uploads/2025/03/ESG-profil-2025.pdf

Financials

Three-year financials

Financial Resilience Score: 6/10

Storyboard ApS, as part of the Storyboard AS group, shows a consistent upward trend in revenue, growing from 6.9M NOK in 2021 to over 9.3M NOK in 2023. This indicates a solid product-market fit for their Learning Center and e-learning production services across the Scandinavian market. However, the company operates with very lean equity margins and reported a near-breakeven EBIT in 2023, following a more profitable 2022, which may suggest increased investment in expansion or higher operational costs during the latest fiscal year. The Danish subsidiary, Storyboard ApS, is relatively new (founded in 2022) and reported a small net loss of approximately 53,000 DKK in its latest filing. This is typical for a nascent sales office. The group's resilience is bolstered by its niche focus on compliance and safety training, which provides steady demand, but its small scale and low equity levels make it sensitive to market fluctuations or client churn.

Key strengths: Consistent annual revenue growth, Established presence in Norway and Denmark, Subscription-based LMS revenue model, Strong focus on high-demand compliance training

Risk factors: Low equity levels relative to revenue, Narrow geographic concentration in Scandinavia, Small overall scale compared to global LMS competitors

Revenue by geography

Revenue by product/service

Workforce by country

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