Umbraco A/S Due Diligence
Run due diligence on Umbraco A/S: check compliance and get alerts when suppliers or ownership change.
Denmark · owned by Monterro Software Investment AB (Sweden) · umbraco.com · 40 vendors
Umbraco is a Danish company that develops and maintains Umbraco CMS, a leading open-source content management system built on ASP.NET Core. With over 700,000 websites powered by its platform worldwide, Umbraco offers a flexible, editor-friendly CMS used by developers and businesses globally. The company also provides cloud hosting, support, and commercial services around its open-source product.
Resilience scores
- Digital Sovereignty: 15
- Digital Resilience: 6
- Financial Resilience: 8
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Services catalogue
9 services in catalogue across 5 categories; runs on 40 sub-vendors.
- Web Development Platform
- Cloud
- Content Management System
Insights
Last updated 2026-09-13 · revision 25
40 direct vendors, 317 subvendors
Direct vendors by controlling owner country (sample)
- Denmark: 3
- India: 1
- United Kingdom: 3
Subvendors by controlling owner country (sample)
- Lithuania: 1
- Germany: 10
- Netherlands: 6
Compliance
3 in-scope frameworks identified; showing 3.
GDPR (source) — Evidence found
Evidence: https://umbraco.com/trust-center/compliance-faq/, https://umbraco.com/trust-center/privacy-and-umbraco/, https://umbraco.com/media/bxkad35l/data-processing-agreement-umbraco.pdf
NIS2 (source) — No public evidence
Evidence: https://umbraco.com/trust-center/compliance-faq/
ISO 27001 (source) — Evidence found
Evidence: https://umbraco.com/trust-center/compliance-faq/, https://umbraco.com/blog/iso-27001/
Financials
Three-year financials
- 2025: revenue DKK 20.6M, EBIT DKK 706K, equity DKK 2.33M
- 2024: revenue DKK 15.6M, EBIT DKK -1.35M, equity DKK 2.02M
- 2023: revenue DKK 11.2M, EBIT DKK -2.75M, equity DKK 2.11M
Financial Resilience Score: 8/10
Umbraco A/S demonstrates strong financial resilience for a mid-market European SaaS company. Revenue has roughly tripled from approximately EUR 10-11M in 2020 to over EUR 30M in 2024, while the company has remained consistently profitable. The company operates a self-funded growth model, reinvesting all earnings into product development rather than paying dividends, which preserves balance-sheet strength. Backing by Monterro (Nordic B2B software-focused PE firm) since 2020 provides additional financial flexibility for M&A and product investment. The business benefits from recurring SaaS revenue through Umbraco Cloud, supported by a large open-source installed base of 700,000+ websites globally that funnels conversions into paid tiers. Customer diversification is excellent with ~3,000 unique paying customers across ~100 countries, including blue-chip references like Carlsberg, Heineken, Volvo, Mercedes-Benz, and the European Union, limiting single-customer concentration risk. Key risks include intense competition from well-funded CMS players (WordPress/Automattic, Sitecore, Optimizely, Contentful, Adobe), dependence on the Microsoft .NET/Azure ecosystem, potential AI disruption to the CMS category, and eventual PE exit uncertainty. Open-source cannibalisation also limits monetisation potential since only a fraction of users convert to paid offerings. Overall, the company's disciplined profitable growth, diversified customer base, and recurring revenue model justify a strong resilience score.
Key strengths: Continuous YoY revenue growth since at least 2015 (~3x revenue 2020-2024), Consistently profitable with reinvestment policy (no dividends), Recurring SaaS revenue base via Umbraco Cloud and subscriptions, Large open-source installed base of 700,000+ websites driving conversion funnel, Diversified customer base: ~3,000 paying customers across ~100 countries, Blue-chip enterprise references (Carlsberg, Heineken, Volvo, Mercedes-Benz, EU), Backed by Monterro PE providing balance-sheet flexibility, Strong global partner channel amplifying revenue reach
Risk factors: Intense competition from WordPress, Sitecore, Optimizely, Contentful, Adobe, Strapi, Storyblok, Dependence on Microsoft .NET ecosystem and Azure infrastructure, Open-source cannibalisation - only fraction of users monetise, FX exposure (EUR/USD/GBP revenue vs DKK/EUR costs), PE ownership horizon - eventual Monterro exit uncertainty, AI disruption to CMS category from AI-generated content and AI-native platforms
Workforce by country
- Denmark: 140
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