Who we are and what we do
At Vitec, we all do the same thing; we provide products that have been developed to solve specific needs in specific niches. We call it Vertical Market Software. This has been the key to our success and today we are present in many locations – large and small – in northern Europe. Together we have 26,000 customers in the Nordics and around Europe.
We have a common ground and purpose at Vitec; we share the same entrepreneurial background and want to contribute to society by business critical products. In truth, many operations would simply stop without Vitec. That’s why we need to keep a long-term perspective on everything we do, which is clearly expressed in our brand promise: To rely on – today and tomorrow.
This long-term view is also central in our efforts to create a sustainable work environment, with opportunities to use one’s energy and creativity wisely, continue developing and maintain work-life balance.
Each of us is given trust and responsibility to contribute to a socially, financially and environmentally sustainable society.
Please read more in our sustainability report in our annual report.
Vitec in numbers
Number of employees over time
Employees in the Group in % (2023)
Age distribution in %
Our history
1985
Vitec started in Umeå by the research colleagues Lars Stenlund and Olov Sandberg.
1990
Business scaled up and the board was strengthened with external members.
1998
Vitec was introduced on Innovationsmarknaden.
1999
Vitec was introduced on Aktietorget. A number of acquisitions were made in Sweden.
2003
Vitec set the strategy for growth by acquisitions.
2011
Vitec was introduced on Nasdaq Stockholm. Acquisition of IT-makeriet AS in Norway, the first foreign acquisition.
2012
Vitecs values are decided and become a pillar for the corporate culture.
2016
Governance is clarified and enhanced by the introducing the role of Vice President Operations, VPO role is thus implemented.
2017
Vitec was moved from Small Cap to Mid Cap at Nasdaq Stockholm. Olov Sandberg, one of the founders of Vitec retired. He continues to be one of the primary owners.
2021
Vitec acquires Vabi Holding B.V. in the Netherlands, which is our first acquisition outside the Nordics. One of the founders, Lars Stenlund, leaves the position as CEO and is elected new Chairman of the Board. Olle Backman becomes new CEO (of Vitec Software Group)
2022
Vitec is moved from the Mid Cap to Large Cap list on the Nasdaq Stockholm.
2023
We set a record for the number of companies acquired.