Pythagoras

What Pythagoras does

Pythagoras AB is a Stockholm-headquartered SaaS company that develops a cloud-based Integrated Workplace Management System (IWMS) branded as Pythagoras Fastighetssystem. Its software is organized around a digital twin (Digital Tvilling) of each property, where 2D/3D floor plan models serve as the visual backbone linking modules for technical management (case management, planned maintenance, supervision, component register, authority inspections, SBA), financial management (contract management, cost allocation, ERP integration), energy management, cleaning management, and a tenant/user portal (Mina Sidor). The platform supports DWG, IFC, Raster, and PDF drawings, performs automatic area calculations per Swedish standards, and is offered as fully cloud-hosted on Swedish servers (via partner Elastx) or on-premise.

The company was founded in 1995 when staff purchased code originally written in 1988 by Case & Cad Engineering; PIM1 launched in 2001 as one of Sweden's first SaaS property systems, PIM2 in 2005 added lease, cost, and cleaning modules, and the modern PIM3 IWMS platform was introduced in 2014. In April 2022, Nordic B2B software investor Monterro became the majority shareholder. The company reports approximately 60 employees across Sweden, Norway, and the UK, and states that 30% of Sweden's OMX Top 30 industrial companies (6 of 18 industrial firms) use its software.

Go-to-market is a direct enterprise sales motion with named Key Account Managers and a quote-based, typically annual SaaS subscription model; pricing is not publicly disclosed. Customers are concentrated in three verticals — Swedish municipalities (e.g., Göteborgs stad, Huddinge, Nacka, Kungsbacka, Gavlefastigheter), industrial enterprises (Tetra Pak, Sandvik, ISS, AFRY, Alfa Laval, Specsavers), and universities (KTH, Umeå, Linköpings, Göteborgs). The system integrates with major ERPs (SAP, Unit4 Business World, Agresso, Raindance, IBM, M3), IoT sensors (Disruptive Technologies), energy data (Metry), and digital signatures (Scrive).

Name

Pythagoras

Legal name

Pythagoras AB

Website

https://pythagoras.se

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Pythagoras AB is a Stockholm-based SaaS company providing a cloud-based Integrated Workplace Management System built on digital twin technology for Swedish municipalities, industrial firms, and universities, covering technical, financial, energy, and cleaning property management.

Ownership category

akta.pro rank

Product category

Property Management Software (IWMS)

NAICS

Computer Facilities Management Services (541513), Computer Systems Design and Related Services (54151)

SIC

Services-Computer Integrated Systems Design (7373), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Workplace/Occupancy Data, Utilization & IWMS Administration (BPABAFAF)

akta.pro secondary industry

Managed Workplace Services (DaaS/Workplace-as-a-Service) (BPAEAIAA)

Keywords

• Property management software
• Integrated workplace management
• Digital twin property
• Facility management system
• Real estate software

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Subscription (Fastighetssystem): Pythagoras operates as a SaaS company offering its property management system on a subscription basis. The system is available as a fully cloud-based solution on Swedish servers or as an on-premise deployment. Pricing is not publicly disclosed and appears to be quote-based, typically sold as annual or multi-year contracts.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels8 records

Core offering

Pythagoras provides a cloud-based Integrated Workplace Management System (IWMS) for property management, built around a digital twin architecture. The modular SaaS platform unifies technical and financial property management, contract management, energy management, cleaning management, and case management into a single visual system where all data is linked to interactive digital drawings of properties. The solution is offered as cloud-hosted on Swedish servers or on-premise, targeting municipalities, industrial companies, and universities primarily in Sweden and the Nordic region.

Product overview

Pythagoras Fastighetssystem is a modular cloud-based Integrated Workplace Management System (IWMS) for property management in Sweden, organized around a Digital Tvilling (Digital Twin) as its core architectural foundation. The platform unifies Fastighetsregister (Property Register), Teknisk Förvaltning (Technical Management — including Ärendehantering, Planerat Underhåll, Tillsyn och Skötsel, Komponentregister, Myndighetsbesiktning, and SBA), Ekonomisk Fastighetsförvaltning (Financial Management — including Avtalshantering and Kostnadsfördelning), Energi (Energy Management / Pythagoras Energi), Lokalvård (Cleaning Management), and Mina Sidor (Tenant Portal). The Digital Tvilling serves as the visual backbone connecting all modules, with drawings/models available as DWG, IFC, Raster, and PDF. Mobile access is provided through Pythagoras Mobilappar. The system is offered as fully cloud-hosted on Swedish servers or on-premise, with unlimited user licensing.

Differentiator

Problem solved

Functional benefit

Products and services

• Pythagoras Fastighetssystem (Property Management System / IWMS) Cloud-based, modular Integrated Workplace Management System (IWMS) built around digital twin technology. Unifies technical and financial property management, cleaning, energy follow-up, contract management, and case management into a single visual platform for municipalities, industrial companies, and universities in Sweden and the Nordics.
• Digital Tvilling (Digital Twin) Interactive 3D digital representations of properties built from original floor plans (DWG, IFC, Raster, PDF). Serves as the visual foundation for all system modules with automatic area calculations per Swedish standards.
• Fastighetsregister (Property Register)

Quantifiable outcome

• Swedish offices are on average utilized at only 45%, representing significant potential cost savings for organizations that optimize their space usage.
• +1 more outcomes

Named customers23 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

Feature9 records

Partnerships

Two partnerships are on record, tiered core.

• ElastxcoreTechnology or IntegrationElastx is Pythagoras's infrastructure partner for cloud hosting, with data centers exclusively in Sweden. This ensures all data handled in the Pythagoras property management system is stored and processed in Sweden, complying with NIS2 directive and EU data protection regulations. Elastx is ISO 27001 certified and offers transparent supply chain and data handling for full customer control and traceability.
• ImplerocoreImplementation/ SI/ Consulting PartnerImplero specializes in IT system implementation, change management, and consulting. Their specialists have worked extensively on Pythagoras implementation projects, including serving as project managers for customers. Implero also helps customers drive the change management work required for successful implementations and to maximize the effectiveness of the implementation project.

Scale indicators4 records

Recent moves12 records

Expansion highlights5 records

Direct peers

• Accruent: Facility and real estate management software suite spanning maintenance, capital projects, space, and lease management. A broadly comparable vertical SaaS peer serving large enterprise property portfolios similar to Pythagoras's industrial and public-sector accounts.
• iOFFICE: Workplace experience and IWMS platform with modules for space management, work-order management, and asset tracking. Comparable to Pythagoras in its focus on unifying facility data into a single workplace-centric system for mid-market and enterprise customers.
• SpaceIQ (formerly Archibus): Workplace and facility management platform covering space planning, move management, maintenance, and real estate analytics. Directly comparable to Pythagoras's IWMS scope, especially around space utilization and digital-twin-style visualization.
• Planon: Dutch-headquartered global IWMS specialist offering integrated solutions for real estate, facility, and workplace management. Closely matches Pythagoras in product scope (technical/financial management, space, maintenance) and target segments (corporates, public sector, education).
• FM:Systems: IWMS and workplace management software with strong modules for space management, maintenance, and real estate analytics. Closely comparable to Pythagoras in serving corporate, higher education, and public-sector customers with integrated workplace solutions.

Regional players

• Vitec Software Group: Nordic vertical-software acquirer and operator listed on Nasdaq Stockholm, with several property- and real-estate-adjacent software businesses. Closely comparable as a Nordic-focused vertical SaaS roll-up model, though it operates as a holding company rather than a single product.
• TietoEVRY: Nordic IT services and software provider with property and real estate software offerings serving municipalities and enterprises in Sweden, Norway, and Finland. Comparable to Pythagoras in Nordic public-sector customer base, though TietoEVRY's portfolio is much broader than IWMS.

Broad incumbents

• Yardi: Global property management software suite with strong presence in commercial real estate, multifamily, and corporate real estate. Adjacent to Pythagoras's portfolio, particularly in financial management and contract/lease workflows, but typically targets larger and more international portfolios.
• ServiceNow Workplace Service Delivery: Workplace and facility management capability embedded in ServiceNow's broader enterprise platform. Competes with Pythagoras in large enterprises that standardize on ServiceNow, but does not specialize in Nordic property standards or municipal workflows.
• IBM TRIRIGA: IBM's enterprise IWMS offering covering real estate, facility, and portfolio management. Overlaps heavily with Pythagoras's functionality but is part of IBM's broader software portfolio and competes primarily in large multinational accounts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCoi4-DaMdsOx5BJrzyo1gew
• LinkedInse.linkedin.com/company/pythagoras-ab

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pythagoras