HiQ International AB
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HiQ International AB - overview
Established
1995
Location
Stockholm, -, Sweden
Primary Industry
Software
About
HiQ International AB, based in Sweden, is a technology consultancy that specializes in delivering innovative software solutions, including digital transformation services and technological development. HiQ International AB is a tech consultancy firm formed in 1995 and headquartered in Stockholm, Sweden. The company operates globally, with a focus on providing digital transformation and software development services. In November 2020, Triton Partners acquired a 91% majority stake in HiQ in a Public to Private deal valued at SEK 4.
021 billion. The firm's CEO is Jerker Lindsten, while Tina Aung also plays a pivotal role in leadership. HiQ operates as a tech consultancy firm specializing in delivering custom software solutions that focus on digital transformation and technological development. The company’s primary offerings include system and software development, DevOps and cloud services, connected products and devices, cybersecurity solutions, and business-focused AI applications.
HiQ collaborates with various clients across industries such as banking, automotive, public sector, and telecommunications, providing tailored solutions designed to optimize operations and enhance digital infrastructures. In 2023, HiQ International AB reported a revenue of SEK 10,735,249. 2, while the EBITDA for the same year was SEK -5,846. 8.
The company's revenue generation model primarily focuses on B2B transactions, engaging with clients through project-based contracts and long-term partnerships, which often evolve into ongoing support agreements. HiQ International AB is poised for future growth supported by its recent acquisition by Triton Partners, which aims to bolster the firm’s expansion efforts. The company is focused on developing new products in custom software and cybersecurity, with plans to enhance its market presence in Sweden, Finland, and Germany by the end of 2023. The SEK 4.
021 billion investment from Triton Partners will facilitate these initiatives, allowing HiQ to explore new technology integrations and expand its service offerings.
Current Investors
Triton
Primary Industry
Software
Sub Industries
Consulting Services, IT Infrastructure, Software
Website
www.hiq.se/
Verticals
Artificial Intelligence, Augmented Reality (AR), Big Data, IoT (Internet of Things), Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
HiQ International AB - timeline of key events
HiQ International AB - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,108,434,000 | 1,293,543,000 | 1,380,243,000 | 1,305,116,000 | 1,378,841,000 | 1,507,959,000 | 1,659,426,000 | 1,787,894,000 | 1,852,700,000 | 1,847,053,000 | 1,721,724,000 | 71,925,000 | - | - | - |
| % Revenue Growth (YoY) | - | 16.7% | 6.7% | (5.4%) | 5.6% | 9.4% | 10.0% | 7.7% | 3.6% | (0.3%) | (6.8%) | (95.8%) | - | - | - |
| EBITDA (USD) | 167,234,000 | 197,098,000 | 194,010,000 | 149,837,000 | 157,694,000 | 192,796,000 | 218,900,000 | 227,258,000 | 211,773,000 | 272,337,000 | 201,529,000 | (13,104,000) | - | - | - |
| Operating Income (USD) | 156,007,000 | 184,349,000 | 180,673,000 | 138,902,000 | 147,406,000 | 182,926,000 | 207,907,000 | 214,364,000 | 196,546,000 | 225,959,000 | 155,033,000 | (16,055,000) | - | - | - |
| Operating Margin | 14.1% | 14.3% | 13.1% | 10.6% | 10.7% | 12.1% | 12.5% | 12.0% | 10.6% | 12.2% | 9.0% | (22.3%) | - | - | - |
| % EBITDA Margin | 15.1% | 15.2% | 14.1% | 11.5% | 11.4% | 12.8% | 13.2% | 12.7% | 11.4% | 14.7% | 11.7% | (18.2%) | - | - | - |
| NET Income (USD) | 110,624,000 | 135,696,000 | 136,910,000 | 107,062,000 | 114,993,000 | 142,249,000 | 161,364,000 | 165,305,000 | 151,912,000 | 176,303,000 | 118,397,000 | 56,515,000 | - | - | - |
| % Net Margin | 10.0% | 10.5% | 9.9% | 8.2% | 8.3% | 9.4% | 9.7% | 9.2% | 8.2% | 9.5% | 6.9% | 78.6% | - | - | - |
HiQ International AB - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Abizko Consulting | - | ||||||||
| Add-on | Completed | Scandio GmbH | - | ||||||||
| Add-on | Completed | Headlight AB | - | ||||||||
| Public to Private | Completed | HiQ International AB | - |
Displaying 1 - 4 of 4
HiQ International AB - employee data
HiQ International AB - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Member of the board | BM | ||||||
| Board Member | BM |
BM Board Member
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