Vitec Software Group Overview

  • Year Founded
  • 1985

Year Founded

  • Status
  • Public

  • Employees
  • 1,570

Employees

  • Stock Symbol
  • VIT B

Stock Symbol

  • Investments
  • 60

  • Share Price
  • $58.37
  • (As of Monday Closing)

Vitec Software Group General Information

Description

Vitec Software Group AB is a software company in Vertical Market Software in the Nordic region. The company provides software for the pharmacy market, automotive and machine industry, banks and insurance companies, healthcare companies, real estate agents, and the education sector. Its segments comprise Auto, Energy, Real Estate, Finance and insurance, Environment, Estate Agents, and Education and health.

Contact Information

Ownership Status
Publicly Held
Financing Status
Corporation
Corporate Office
  • Tvistevägen 47 A
  • 907 29 Umea
  • Sweden
+46 090-15
Primary Industry
Vertical Market Software
Stock Exchange
STO
Vertical(s)
TMT
Corporate Office
  • Tvistevägen 47 A
  • 907 29 Umea
  • Sweden
+46 090-15

Vitec Software Group Timeline

2022202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

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Vitec Software Group Stock Performance

As of 17-Feb-2025, Vitec Software Group’s stock price is $58.37. Its current market cap is $2.32B with 39.8M shares.

(As of Monday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$58.37 $59.29 $40.72 - $59.80 $2.32B 39.8M 63.1K $1.02

Vitec Software Group Financials Summary

As of 31-Dec-2024, Vitec Software Group has a trailing 12-month revenue of $315M.

In Thousands,
USD
TTM 31-Dec-2024 FY 2024 31-Dec-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022
EV 2,067,261 2,067,261 2,353,711 1,628,429
Revenue 315,284 315,284 261,317 194,994
EBITDA 123,470 123,470 97,331 69,490
Net Income 38,776 38,776 31,911 24,137
Total Assets 913,930 913,930 783,409 605,919
Total Debt 221,571 221,571 225,826 155,599
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Vitec Software Group Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Vitec Software Group Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Vitec Software Group AB is a software company in Vertical Market Software in the Nordic region. The company provides sof
Vertical Market Software
Umea, Sweden
1,570 As of 2024

Linkoping, Sweden
 

Athens, Greece
 
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Vitec Software Group Competitors (2)

One of Vitec Software Group’s 2 competitors is Industrial and Financial Systems, a Private Equity-Backed company based in Linkoping, Sweden.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Industrial and Financial Systems Private Equity-Backed Linkoping, Sweden
Entersoft Private Equity-Backed Athens, Greece
You’re viewing 2 of 2 competitors. Get the full list »

Vitec Software Group Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Vitec Software Group Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Vitec Software Group Investments & Acquisitions (60)

Vitec Software Group’s most recent deal was a Merger/Acquisition with Intergrip. The deal was made on 07-Feb-2025.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Intergrip 07-Feb-2025 Merger/Acquisition Educational Software
Figlo 02-Dec-2024 Merger/Acquisition Financial Software
Roidu 20-Nov-2024 Merger/Acquisition Business/Productivity Software
Olyslager Organisation 04-Nov-2024 Merger/Acquisition Database Software
Trinergy 12-Sep-2024 Merger/Acquisition Business/Productivity Software
You’re viewing 5 of 60 investments and acquisitions. Get the full list »

Vitec Software Group ESG

Risk Overview

Risk Rating

Updated May, 31, 2024

23.42 | Med Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

Management

Management is related to actions taken to manage ESG issues

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

of 15,120

Rank

Percentile

Software & Services

Industry

of 962

Rank

Percentile

Enterprise and Infrastructure Software

Subindustry

of 379

Rank

Percentile

To view Vitec Software Group’s complete esg history, request access »

Vitec Software Group Exits (1)

Vitec Software Group’s most recent exit was on 07-Sep-2016 from FuturSoft. The exit was categorized as .

Company Name Exit Date Exit Type Exit Size Status Buyers
FuturSoft 07-Sep-2016 Completed
To view Vitec Software Group’s complete exits history, request access »

Affiliates

Subsidiaries (47)

Name Industry Location Year Founded
Taxiteknik Nordic Stockholm, Sweden 2019
Vitec Shared Services Oslo, Norway 2018
Entry Event Sweden Mölndal, Sweden 2015
BidTheatre Stockholm, Sweden 2012
Appva Gothenburg, Sweden 2011
You’re viewing 5 of 47 affiliates. Get the full list.  »

Vitec Software Group FAQs

  • When was Vitec Software Group founded?

    Vitec Software Group was founded in 1985.

  • Where is Vitec Software Group headquartered?

    Vitec Software Group is headquartered in Umea, Sweden.

  • What is the size of Vitec Software Group?

    Vitec Software Group has 1,570 total employees.

  • What industry is Vitec Software Group in?

    Vitec Software Group’s primary industry is Vertical Market Software.

  • Is Vitec Software Group a private or public company?

    Vitec Software Group is a Public company.

  • What is Vitec Software Group’s stock symbol?

    The ticker symbol for Vitec Software Group is VIT B.

  • What is the current stock price of Vitec Software Group?

    As of 17-Feb-2025 the stock price of Vitec Software Group is $58.37.

  • What is the current market cap of Vitec Software Group?

    The current market capitalization of Vitec Software Group is $2.32B.

  • What is Vitec Software Group’s current revenue?

    The trailing twelve month revenue for Vitec Software Group is $315M.

  • Who are Vitec Software Group’s competitors?

    Industrial and Financial Systems and Entersoft are competitors of Vitec Software Group.

  • What is Vitec Software Group’s annual earnings per share (EPS)?

    Vitec Software Group’s EPS for 12 months was $1.02.

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