About Vitec Software Group
Vitec Software Group is a company based in Umea (Sweden) founded in 1985. It operates as a SaaS (Software-as-a-Service). The company has 1,660 employees as of December 31, 2024. Vitec Software Group has completed 35 acquisitions, including ABS Laundry Business Solutions, Acute FDS and Agrando. Vitec Software Group offers products and services including Vertical Software Solutions. Vitec Software Group operates in a competitive market with competitors including AKQA, Unicorn, Hancom, AlmavivA and Hedgehog lab, among others.
- Headquarter Umea, Sweden
- Employees 1660 as on 31 Dec, 2024
- Stage Public
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Sectors
Technology
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Email
Locked
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Phone
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Website
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Social
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- Legal Name Vitec Software Group Ab Class B
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Annual Revenue
$394.15 M (USD)8.97as on Dec 31, 2025
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Net Profit
$47.27 M (USD)6.16as on Dec 31, 2025
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EBITDA
$145.5 M (USD)19.4as on Dec 31, 2025
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Latest Funding Round
Not available
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Investors
Not available
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Employee Count
1660
as on Dec 31, 2024
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Investments & Acquisitions
ABS Laundry Business Solutions
& 34 more
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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.
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
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Funding Insights of Vitec Software Group
Detailed funding history 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.
Investment portfolio details for Vitec Software Group
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Software suite for insurance management and reporting is offered.
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Locked | Locked | 2019 | Locked | |
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Solution provider for digital agricultural trade
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Locked | Locked | 2017 | Locked | |
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Energy management solutions for greenhouse horticulture are provided online.
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Locked | Locked | 2012 | Locked |
Complete acquisition details for Vitec Software Group
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
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Financial Statements - Vitec Software Group
Detailed financials for Vitec Software Group
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Vitec Software Group Comparisons
Peer comparison for Vitec Software Group
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Competitors of Vitec Software Group
Vitec Software Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AKQA, Unicorn, Hancom, AlmavivA and Hedgehog lab, among others.
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Integrated digital marketing campaigns are developed and executed across channels.
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Software development services are provided by Unicorn in Prague.
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Technology conglomerate spanning AI, blockchain, IoT, and mobility solutions.
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IT services suite solutions are provided globally by AlmavivA.
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Mobile application development and UX design services are provided.
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Platform offering digital textbooks for students
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Detailed competitors of Vitec Software Group
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Latest news on Vitec Software Group
Complete news archive for 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.
As of Dec 31, 2024, the latest employee count at Vitec Software Group is 1,660.
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's top competitors include RedShelf, Unicorn and Hedgehog lab.
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.
The ticker symbol of Vitec Software Group is VIT_B on OMXSTO.