Forty years of vision, growth, and innovation. Vitec’s story is one of turning ideas into solutions that shape industries. Take a journey through our history with the interactive video timeline and see how every milestone brought us closer to today—and tomorrow.
... and relive the highlights of our journey in the video timeline.
InfoU founded in Umeå.
InfoU became Vitec.
Vitec hit a bump in the road and faced a temporary crisis.
The first woman, Annika Bergquist, joins Vitec and paves the way for more to join.
Vitec's software becomes the most widely used tool on the NordPool power exchange.
Vitec tried to establish in Germany, but it led to a new strategy: acquiring local companies.
The first acquisition is done: BRA Administration Sollentuna AB.
First listing - on the small Swedish stock market IM/Innovationsmarknaden
Vitec is listed on Aktietorget.
Vitec was relatively untouched when the .com bubble burst.
First dividend payout. Unique in the Swedish IT industry.
The business model with recurring revenue gains ground.
Vitec is affected by the difficulties in the financial market. A downsizing leads to improved profitability.
Listed on Nasdaq. Vitec also acquires its first company outside Sweden: IT Makeriet (Megler), Norway.
First acquired company in Finland: Acute.
First acquired company in Denmark: Aloc.
Business streamlined to focus on standard products and the trademark was registered.
The governance model is clarified and strengthened through the introduction of the VPO model.
Values and corporate culture is documented.
Lars steps down after 38 years as CEO.
Olle Backman becomes the new CEO.
Greater focus is placed on sustainability.
The first company outside the Nordics is acquired, Vabi in the Netherlands.
Vitec is moved from Mid Cap to Large Cap on Nasdaq Stockholm.
The We Tech campaign is launched.
Vitec has increased its dividends for 22 years running.
Vitec takes a step into the Belgian market by acquiring Trinergy.
Vitec turns 40 years!