About Vitec Software Group
Vitec Software Group is a publicly listed company based in Umea (Sweden) founded in 1985. Software development solutions are provided by Vitec since 1985. It operates on a SaaS (Software-as-a-Service) model. The company has 1,660 employees. Vitec Software Group has completed 35 acquisitions, including ABS Laundry Business Solutions, Acute FDS and Agrando. Its website vitecsoftware.com draws about 21 thousand monthly visits. Vitec Software Group offers products and services including Vertical Software Solutions. Its focus areas include Software and Vertical Software. Its legal entity is Vitec Software Group AB (publ).
Company details
Vitec Software Group is focused on the development and delivery of standardized vertical software for niche industries. Operations are conducted across sectors such as pharmacies, banks, car workshops, real estate, healthcare, and education. Solutions are tailored to meet specific needs within these verticals, ensuring long-term reliability for customers. The company maintains a global presence while emphasizing sustainability and a long-term perspective in its business approach.
- Headquarters Umea, Sweden
- Employees 1,660
- Stage Public
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website vitecsoftware.com
- Social LinkedIn
- Legal Name Vitec Software Group Ab Class B
- Annual Revenue$394.15 M (USD)8.97as on Dec 31, 2025
- Net Profit$47.27 M (USD)6.16as on Dec 31, 2025
- EBITDA$123.78 M (USD)1.59as on Dec 31, 2025
- Employee Count1,660
- Investments & AcquisitionsABS Laundry Business Solutions
& 34 more
Products & Services of Vitec Software Group
Vitec Software Group offers a comprehensive portfolio of products and services, including Vertical Software Solutions.
Standardized software is developed for various niche industries.
People of Vitec Software Group
43 people are tracked at Vitec Software Group (17 in leadership, 6 in board & advisors, 20 in team); the tracked headcount is 1,660.
| Name | Role | Group |
|---|---|---|
Gert Gustafsson | COO | Leadership |
Svein Roger Westengen | VP, Operations | Leadership |
Anna Andersson | Head of HR | Leadership |
Aleš Zobec | Head of M&A | Leadership |
Jerker Vallbo | CIO & CTO | Leadership |
Olle Backman | CEO | Leadership |
Sara Nilsson | CFO | Leadership |
Kim Møller Jensen | VP, Operations | Leadership |
Patrik Fransson | VP, IR Officer | Leadership |
Pien Oosterman | VP, Operations | Leadership |
Magnus Persson | VP, Operations | Leadership |
Kerstin Anderson | VP, Operations | Leadership |
Mikko K. | Head Of Customer Service (saas) | Leadership |
Alexander Nordling | Head Of Customer Onboarding | Leadership |
Pia Kantola | Vice President Operations | Leadership |
Martin Barrefalk | Head Of Group Reporting | Leadership |
Irene Appelholm | Deputy CEO At Business Unit Vitec Energy | Leadership |
Anna Valtonen | Director | Board & advisors |
Birgitta Johansson-Hedberg | Director | Board & advisors |
Jan Friedman | Director | Board & advisors |
23 more people are available in the full profile.
Complete people profiles for Vitec Software Group
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IPO & Listings of Vitec Software Group
Vitec Software Group is a publicly listed company on the OMXSTO with ticker symbol VIT_B in Sweden, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date14 Feb 2020
- Listed onFRA: 7VS
- Listed entityVitec Software Group AB Class B
- Exchange sectorTechnology services
- ISINSE0007871363
- Share price290.00 SEK (+0.21% on the day) · 2026-10-14
- Market capitalisation11,544,248,996.00 SEK
- Price to earnings24.8
- EPS (diluted, trailing year)11.68 SEK
- Dividend yield1.27%
- Volume (last session)7,928
Financials of Vitec Software Group
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 3.63B SEK | 435.4M SEK | 1.14B SEK |
| 2024 | 3.33B SEK | 410.1M SEK | 1.12B SEK |
| 2023 | 2.78B SEK | 339.2M SEK | 979.5M SEK |
| 2022 | 1.98B SEK | 244.9M SEK | 658.1M SEK |
| 2021 | 1.57B SEK | 206.9M SEK | 511.5M SEK |
Detailed financial statements for Vitec Software Group
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Investments & Acquisitions by Vitec Software Group
Vitec Software Group has strategically engaged in corporate development activities, having acquired 35 companies. Notable acquisitions include ABS Laundry Business Solutions, Acute FDS and Agrando.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud based marketing solutions for healthcare providers | roidu.com | Helsinki, Finland | 2008 | Nov 2024 | •••• | |
Learning platform for professional courses | ldc.nl | Leeuwarden, Netherlands | 1990 | Jan 2024 | •••• | |
Provider of end-to-end services for enabling showcasing in museums | picturae.com | New York, United States | 1998 | Oct 2023 | •••• | |
Online control systems are provided to healthcare and rescue organizations. | codea.fi | Porvoo, Finland | 2008 | Oct 2023 | •••• | |
Provider of medical imaging software solutions for healthcare professionals | neagen.com | Helsinki, Finland | 2002 | Jun 2023 | •••• | |
SaaS based event management platform | entryevent.se | Molndal, Sweden | 2001 | Jun 2023 | •••• | |
Booking engine solutions are provided for travel service providers. | dlsystems.se | Soderhamn, Sweden | 2001 | May 2023 | •••• | |
Energy management solutions for greenhouse horticulture are provided online. | enova.nl | 2012 | Feb 2023 | •••• | ||
Management software for home care and elderly care is provided. | raisoft.com | Kokkola, Finland | 2000 | Oct 2022 | •••• | |
Web and mobile-based laundry management software is provided. | abslbs.com | Boxtel, Netherlands | 1987 | Jul 2022 | $82.6M |
Complete acquisition details for Vitec Software Group
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Timeline of Vitec Software Group
12 dated milestones of Vitec Software Group across 39 years, from founding to its latest funding, stage changes and deals.
- Founded Vitec Software Group is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires ABS Laundry Business Solutions.
- Acquisition Acquires Raisoft.
- Acquisition Acquires Enova.
- Acquisition Acquires DL Systems.
- Acquisition Acquires Entry Event.
- Acquisition Acquires Neagen.
- Acquisition Acquires Codea.
- Acquisition Acquires Picturae.
- Acquisition Acquires LDC Business.
- Acquisition Acquires Roidu.
Web traffic of Vitec Software Group
The website of Vitec Software Group (vitecsoftware.com) receives about 21.3K visits a month.
- Monthly visits21.3K
▼ 10.6% vs previous month
Websites whose visitors overlap most with Vitec Software Group. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| avanza.se | 100% | 8.6M | #6,387 | View details | |
indberet.virk.dk | indberet.virk.dk | 100% | – | ||
borsdata.se | borsdata.se | 60% | #148,853 | – | |
| aktiespararna.se | 41% | #343,721 | View details |
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Related news about Vitec Software Group
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Frequently Asked Questions about Vitec Software Group
Vitec Software Group was founded in 1985.
Vitec Software Group is headquartered in Umea, Sweden.
Vitec Software Group has 1,660 employees.
Annual revenue of Vitec Software Group is $394.15M as on Dec 31, 2025.
Vitec Software Group is focused on the development and delivery of standardized vertical software for niche industries. Operations are conducted across sectors such as pharmacies, banks, car workshops, real estate, healthcare, and education. Solutions are tailored to meet specific needs within these verticals, ensuring long-term reliability for customers. The company maintains a global presence while emphasizing sustainability and a long-term perspective in its business approach.
Vitec Software Group offers Vertical Software Solutions.
Yes, Vitec Software Group is publicly traded on OMXSTO under the ticker symbol VIT_B.
Vitec Software Group has made 35 acquisitions, including ABS Laundry Business Solutions, Acute FDS, and Agrando.
Vitec Software Group operates through Vitec Software Group Ab (Publ).