3Step IT Group Oy

3Step IT Group Oy is a technology lifecycle management company that provides services for the acquisition, management, and disposal of IT assets, promoting sustainability and reducing costs for businesses across multiple sectors. Founded in 1997 in Vantaa, Finland, 3Step IT Group Oy specializes in technology lifecycle management. The company was acquired by management and a group of private investors in February 2007. Its leadership team includes CEOs Carmen Ene, Jakob Lagander, and Shahin Shafiei.

3Step IT specializes in technology lifecycle management, offering a comprehensive suite of services designed to streamline the acquisition, management, and disposal of IT assets. Their core offerings encompass a sustainable approach to accessing, managing, and refreshing IT devices, which includes leasing, asset management, and IT asset disposal services. The company's solutions enable businesses to minimize security risks, lower total cost of ownership, and ensure environmentally responsible disposal through secure data erasure and refurbishment or recycling of devices at end-of-life. 3Step IT primarily serves businesses across various industries, including finance, technology, and healthcare, with a notable presence in markets such as Scandinavia, the United Kingdom, Canada, and the United States.

In the most recent year, 2023, 3Step IT Group Oy reported a revenue of USD 866. 16 mn and an EBITDA of USD 28. 51 mn. Their revenue model is structured around a leasing framework, allowing clients to pay for IT devices on a subscription basis, which supports predictable expenses and improved cash flow.

Revenue is generated through leasing contracts, including regular service fees for asset management and secure disposal of technology. 3Step IT Group Oy plans to enhance its service offerings and expand into new markets in the coming years. Following the management acquisition in February 2007, the company is focused on developing new products tailored to technology lifecycle management. Specific regions targeted for expansion include North America and additional European countries by 2025.

The resources and insights gained from recent investments will support these initiatives, enhancing the company’s capabilities and market reach.