Nema

What Nema does

Nema pf is a privately held Faroese telecommunications and IT services company headquartered in Tórshavn with a second office in Klaksvík, employing approximately 70 staff. It is structured as a partafélag (partnership) under Faroese law and operates as a one-stop-shop for both individual consumers (Privat) and business customers (Vinna) in the Faroe Islands.

The company's core product portfolio spans consumer and enterprise telecommunications, proprietary business software, and IT infrastructure services. On the telecom side, Nema provides mobile and fixed-line subscriptions (Telefonhald), fiber and broadband (Breiðband), the Farnet portable mobile internet device, and Sjónet maritime 4G internet for vessels operating in Faroese and North Atlantic waters. For businesses, it has developed a suite of locally-adapted SaaS products including Nema Bókhald (accounting, POS, inventory), Nema Løn (the most widely used payroll system in the Faroese market, with specialized modules for fishing-vessel crew settlement), Nema Tíð (time tracking), Nema Starv (HR), Nema Journal (document management), Nema Váta (invoice approval), Nema Netløn (payroll for smaller businesses), and Nema Boð (SMS messaging). These are complemented by the Telavox UCaaS platform (phone, contact center, switchboard, messaging, video), the Knatt IoT/GPS tracking service, and IT infrastructure offerings (hosting with ISAE 3402 and ISAE 3000 certifications, managed services, IT security audits, and hardware distribution through the Nethandil e-commerce store and a Dell Gold partnership).

Nema monetizes through a mix of recurring monthly telecom subscriptions, SaaS license fees, hardware sales (iPhones, Dell laptops, Kyocera printers, networking gear), managed-service contracts, and consumer installment financing (0% interest for purchases between 1,000 and 20,000 kr.). Distribution is omnichannel within the Faroe Islands: two company-owned retail stores in Tórshavn and Klaksvík, the Elding retail partnership for additional physical reach, direct enterprise sales, and the Mitt Nema and Vinnukagin self-service portals. The company is also actively commercializing its software internationally, as evidenced by sales hiring targeting markets outside the Faroe Islands, and has been nominated for the Føroya Bestu Vørumerki (Best Brand) 2026 award.

Name

Nema

Legal name

Nema pf

Website

https://nema.fo

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

51–100 employees

Short description

Nema pf is a privately held Faroese telecommunications and IT services company (~70 employees) that provides mobile, broadband, and maritime connectivity to consumers and a locally-developed SaaS suite — including the market-leading Nema Løn payroll system — alongside hosting, managed IT, and hardware distribution to Faroese businesses.

Ownership category

akta.pro rank

Product category

Telecommunications and IT Services

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)

SIC

Services-Telephone Interconnect Systems (7385), Services-Computer Integrated Systems Design (7373), Services-Computer Programming Services (7371)

akta.pro primary industry

Network-as-a-Service (NaaS) & On-Demand Connectivity (HDABALAE)

akta.pro secondary industries

IT Service Management (ITSM) Platforms (HDAEALAA), Network Monitoring, Assurance & Managed NOC Services (SLA Ops) (HDAIAGAJ), Virtualized Security & SASE for Telco Networks (vFW, vDDoS, vSEC, Secure Edge) (HDAIAIAK), IT Procurement & Sourcing Services (Hardware/Software) (BPAEAOAG)

Keywords

• Telecommunications services
• Mobile network operator
• Business software solutions
• Cloud hosting services
• IT managed services

Headquarters

HQ city

Tórshavn

HQ country

Faroe Islands

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Telecommunications Services: Monthly subscription fees for mobile phone plans (Telefon), internet (Breiðband), and Farnet roaming services. Includes prepaid balance services (Mítt Nema) for consumer accounts.
2. Software Subscriptions: SaaS revenue from Nema Bókhald (accounting), Nema Løn (payroll), Nema Tíð (time tracking), Nema Starv (HR), Nema Journal (document management), Nema Vátta (invoice approval), Nema Netløn (small business payroll), Nema Boð (SMS), and Telavox (UCaaS).
3. Hardware Sales: Sale of mobile phones (iPhone, Samsung Galaxy), laptops (Dell, Apple Mac), computer monitors, printers, accessories, and networking equipment through Nethandil e-commerce platform and retail stores.
4. IT Equipment and Services: Sale of IT hardware including servers, storage, networking equipment, and professional services for IT security audits, hosting, and managed services.
5. Managed IT Services: Service and support contracts, hosting services with ISAE 3402 certification, IT security services, and maintenance for business customers.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Nema provides integrated telecommunications and IT services to consumers and businesses in the Faroe Islands. Consumer offerings include mobile and fixed telephony (Telefonhald), fiber and mobile broadband (Breiðband, Farnet), and hardware retail. Business offerings include a Faroese-developed software suite (Nema Bókhald accounting, Nema Løn payroll, Nema Tíð time tracking, Nema Starv HR, Nema Journal, Nema Vátta, Nema Netløn, Nema Boð SMS), the Telavox UCaaS platform, Knatt IoT tracking, Sjónet maritime internet, cloud hosting with ISAE 3402/3000 certifications, IT security audits, and managed IT services.

Product overview

Nema is a Faroese telecommunications and IT services provider offering a comprehensive portfolio of products and services. The core offering includes mobile and fixed-line telephone subscriptions (Telefonhald), broadband internet including fiber (Breiðband), Farnet mobile broadband, and Sjónet maritime internet services. For business customers, Nema provides a suite of software systems under the Nema brand, including Nema Bókhald (accounting), Nema Løn (payroll - the most widely used payroll system in the Faroes), Nema Tíð (time tracking), Nema Starv (HR), Nema Journal (document management), Nema Vátta (invoice verification), Nema Netløn (payroll for small businesses), and Nema Boð (SMS messaging). Additionally, Nema offers Telavox (UCaaS communication platform), Knatt (GPS/IoT tracking), and operates the Nethandil online store and Vinnukagin business portal. The company also provides IT infrastructure services including hosting, security, and hardware sales through their e-commerce platform.

Differentiator

Problem solved

Functional benefit

Brands

• Nema Bókhald: Accounting system developed by Faroese for the Faroese market
• Nema Løn
• Nema Tíð
• Nema Starv
• Nema Journal
• Nema Vátta
• Nema Netløn
• Nema Boð
• Farnet
• Knatt
• Sjónet
• Nethandil
• Vinnukagin
• Telavox

Products and services

• Nema Bókhald Modern accounting system developed by Faroese people for the Faroese market. Includes accounting, POS system, and inventory management capabilities for Faroese businesses.
• Nema Løn Payroll system described as the most widely used in the Faroese market. Includes daily wage system for fishing vessels and crew settlement modules.
• Nema Tíð Time tracking system for monitoring working hours of hourly and salaried employees, with automatic time registration to the correct jobs.
• Nema Starv HR management system consolidating all employee information in one place, eliminating the need to search through binders for personnel matters.
• Nema Journal Document management system for journalizing emails and documents, providing a clear overview of all cases.
• Nema Vátta Invoice verification system that retrieves, approves, and books invoices, providing a clear overview of which documents have been processed.
• Nema Netløn Modern payroll system designed for smaller businesses that want an inexpensive and simple payroll solution.
• Nema Boð (SMS) SMS messaging service that allows sending hundreds of SMS messages to various customer groups quickly and easily.
• Telavox Cloud-based unified communications (UCaaS) platform combining phone system, contact center, switchboard, internal messaging, and video conferencing for business customers.
• Knatt GPS/IoT tracking solution for vehicles, machines, boats, tools, and equipment, with time reports, maintenance alerts, and related features.
• Telefonhald Mobile and fixed-line telephone subscription services with free calls and SMS within the Faroe Islands, and various data packages for consumers and businesses.
• Breiðband (Broadband) Fixed internet services including fiber (Fipur) for businesses, offering high-speed connectivity and reliable service.
• Farnet Mobile broadband solution for increased mobility, providing portable WiFi connectivity so users can stay online wherever they are.
• Sjónet Maritime internet service providing fast and easy access to 4G connectivity for Faroese ships while sailing around the Faroe Islands and in the North Atlantic.
• KT-trygdarkanning (IT Security Assessment) IT security assessment service that audits the customer's security posture and provides recommendations for improvement.

Quantifiable outcome

• Nema implemented Skúlanet project providing IT network to all schools in Faroe Islands, completed after approximately four years
• +1 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature6 records

Partnerships

Six partnerships are on record, tiered core and minor.

• TelavoxcoreTechnology or Integration · 1 June 2023Telavox is the unified communications platform offered by Nema for businesses, combining phone system, contact center, switchboard, internal messaging, and video conferencing in a cloud-based UCaaS solution. Flow.nema.fo provides access to the UCaaS portal. Nema serves as the primary distribution and support partner for Telavox in the Faroe Islands.
• MicrosoftcoreTechnology or Integration · 1 June 2023Microsoft as certified partner providing cloud infrastructure and services. Microsoft 365 and related solutions are offered as part of Nema's IT services portfolio.
• FortinetcoreTechnology or Integration · 1 June 2023Fortinet partner providing network security solutions as part of Nema's IT security services and infrastructure offerings.
• DellcoreChannel Partner/ Reseller/ Distributor · 1 June 2023Dell Gold Partner providing Dell computers, laptops, monitors, and accessories through Nema's retail and e-commerce channels. Nethandil offers extensive Dell product catalog including Dell Pro laptops, Dell UltraSharp monitors, and related accessories.
• KyoceraminorChannel Partner/ Reseller/ Distributor · 1 June 2023Kyocera printers and printing solutions are offered through Nema with long-term lease options for business customers, providing reliable printing with low operational costs.
• EldingcoreChannel Partner/ Reseller/ Distributor · 1 June 2023Elding retail stores in Tórshavn serve as sales points for Nema mobile phone subscriptions and Farnet devices. Customers who create accounts at Elding stores receive discounts on all products.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Microsoft: Global cloud and productivity incumbent whose Microsoft 365, Dynamics 365 and Azure stack underpins much of Nema's IT services portfolio and competes with Nema's business software line as it moves to the cloud.
• Telia Company: Large Nordic telecom incumbent offering mobile, broadband, cloud and managed services to enterprise and consumer customers. Telia represents the broad-incumbent competitive threat if it targets the Faroese or adjacent North Atlantic markets.

Direct peers

• Visma: Leading Nordic provider of accounting, payroll and HR software. Visma's suite (e.g., Visma e-conomic, Visma.net Løn) directly competes with Nema Bókhald, Nema Løn and Nema Starv in any market where Nema tries to expand.
• Føroya Tele: The incumbent Faroese telecommunications operator providing mobile, broadband and enterprise connectivity. It is Nema's primary domestic competitor in the same telecom and business connectivity segments on the same island market.
• Fortnox: Swedish cloud-native SaaS for accounting, payroll and invoicing aimed at SMBs. Fortnox is a direct functional analog to Nema Netløn and Nema Bókhald, illustrating the cloud-first competitive threat Nema faces as it modernizes.

Emerging players

• Columbus: Nordic IT services and Microsoft Dynamics partner delivering ERP, CRM and managed services to SMBs. Columbus mirrors the Nema Vinnukagin business of bundling software resale, integration and managed services for SME customers in the Nordics.

Others

• Telavox: Nordic UCaaS provider whose platform Nema resells locally. Telavox competes with similar unified communications vendors in adjacent Nordic markets and is both a partner and a comparable cloud communications business.

Regional players

• Sýn (Vodafone Iceland): Icelandic challenger operator providing mobile, broadband and TV services under the Vodafone brand. Sýn competes with Síminn and mirrors Nema's positioning as a smaller, multi-product operator in a small Nordic island market.
• Síminn: Iceland's incumbent telecom operator providing mobile, broadband and business IT services. As a closely comparable Nordic island-market telco with enterprise services, Síminn is a useful regional benchmark for Nema's operating model and scale.
• Nuuday (TDC Net): Danish retail telecom and broadband brand spun out of TDC. Nuuday is a regional peer for consumer and SMB mobile/broadband offerings with growing IT services, comparable to Nema's blended consumer/SMB model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@nemafroyar1917
• Facebookfacebook.com/Nemafo
• Instagraminstagram.com/nemaforoyar
• LinkedInlinkedin.com/company/nema-p-f

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Nema