Vitec is the leading software company in Vertical Market Software in the Nordic region and our growth mainly occurs through corporate acquisitions. Our extensive experience and high level of expertise in development, support and sales of vertical software enable us to identify acquisition objects that are completely in line with our strategy and acquisition criteria. Since 1999, we have welcomed over 35 profitable and well-functioning companies into the Group.
Our acquisition efforts are guided by a number of specific criteria that determine whether or not the companies are a good fit for Vitec. Examples include:
- Software in the form of standardized proprietary products for a vertical market
- Stable, well-functioning business with good industry knowledge
- Similar values and corporate culture
- High percentage recurring revenue
- Good profitability and positive cash flow
Vitec has a decentralized decision-making process in which the acquired entities remain independent business units in the Group. The new companies enter into an experienced and secure context and become part of a network of colleagues with similar knowledge and experiences that are shared through various forums. Decentralized decision-making requires that all leaders understand our values and act based on the Group’s strategies and corporate culture.