About Vitec Software Group B

Company Description

Vitec is a leading software company within vertical market software, originating in Umeå, Sweden. We develop and deliver standard programs for various niches, such as pharmacies, banks, car workshops, real estate, healthcare and education.

The larger part of our software is distributed to our customers as ‘software as a service’, or SaaS. This means that it is accessible over the internet according to a subscription model. It gives us stable and predictable cash flow, which in turn makes it possible for us to act in the long-term. To our customers, this means low investment costs, easy start-up as well as security in quick access to upgrades and new functions.

Year founded

1985

Served area

Worldwide

Headquarters

Tvistevägen 47A, 90729 Umeå – Sweden

Shareholder information

Shares outstanding

34,380,000

IPO

June 28, 2002

Stock exchange(s)

Nasdaq Stockholm

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