Founded in 1985 in Umeå, Sweden, by Lars Stenlund and Olov Sandberg, Vitec Software Group AB (publ) is a leading Swedish software company specializing in vertical market software for clearly defined niche markets. Headquartered in Umeå, the company is historically recognized for its decentralized business model and long-term focus on developing, acquiring, and managing business-critical software businesses whose products support essential functions across society. Vitec develops and delivers standardized software solutions for a broad range of niche segments and is listed on Nasdaq Stockholm. In 2025, the company had 1,770 employees worldwide and reported net sales of SEK 3,633 million, of which SEK 3,204 million consisted of recurring revenues, reflecting its position as one of the Nordic region’s most established and respected providers of vertical software solutions.
Updated 2026-03-20