Solteq

What Solteq does

Solteq Plc is a Nordic IT service provider and vertical software company headquartered in Vantaa, Finland, publicly traded on NASDAQ Helsinki under the ticker SOLTEQ. The company builds and operates proprietary SaaS platforms and delivers implementation services across four primary verticals: Retail & Commerce (Solteq Commerce Cloud, Tekso POS, Solteq Loyalty, Solteq Connector), Utilities (Solteq Utilities CIS, Utilities Self-Service, Utility Cloud built on Salesforce, and Electricity Trade/Distribution SaaS), Automotive (Solteq WebService DMS, Smart Dealer), and Manufacturing (Solteq LifeBase, Digital Experience Platforms built on Liferay DXP). The technology stack spans Liferay DXP, Adobe Commerce (Magento), HCL Commerce, IBM i/RPG, Salesforce, and SymphonyAI, with proprietary IP including PIMScribe AI (generative product content in 130+ languages), Deep Vision (eCommerce analytics), Data Shovel (Data Vault automation), and a connector library of 70+ pre-built integrations.

The business model combines recurring SaaS subscription revenue (proprietary products such as Tekso, Loyalty, Gift Card, Utilities CIS, Electricity Trade/Distribution) with project-based professional services revenue from consulting, implementation, and integration work delivered to enterprise and mid-market customers. Approximately 550 IT professionals operate across Finland, Sweden, Norway, Denmark, Poland, and the UK, with go-to-market executed through direct enterprise field sales supplemented by a technology partner channel (Liferay, Adobe, HCL, SymphonyAI, TimeXtender, IBM, Salesforce, WooCommerce). Revenue mechanics are weighted toward Nordic enterprise digital transformation projects in retail, utilities, automotive, and manufacturing, with SMB penetration in Tekso POS and Commerce Cloud.

Recent operating performance has been pressured: a EUR 6.3 million write-off was taken in December 2023 alongside discontinued product development cost activations; an efficiency/cost-savings program was initiated and completed in 2024; the Danish healthcare software business was divested to Confirma Software for EUR 4 million in November 2024; and change negotiations completed in March 2026 resulted in 33 Finland-based workforce reductions targeting EUR 2.5 million in annual savings (EUR 1.8 million realized in 2026). The company also sold its Microsoft BC/LS Retail ERP business to Azets in April 2023, signaling ongoing portfolio rationalization.

Name

Solteq

Legal name

Solteq Oyj

Website

https://solteq.com

Company type

Public

Founded year

1989

Operating status

Operating

Headcount range

251–500 employees

Short description

Solteq Plc is a Nordic IT services and vertical software company that builds proprietary SaaS platforms (commerce, POS, utilities CIS, automotive DMS) and delivers implementation services to enterprise and mid-market customers across retail, utilities, automotive, and manufacturing sectors in Finland, Scandinavia, Poland, and the UK.

Ownership category

akta.pro rank

Product category

Vertical Software / Enterprise Digital Commerce Solutions

NAICS

Software Publishers (5132), Software Publishers (513210), Custom Computer Programming Services (541511)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Enterprise PaaS (App Runtime & Managed Application Platforms) (HDAEAKAB)

akta.pro secondary industries

eSignature, Forms & Digital Workflow Platforms (HDAEAHAJ), Personalization, Testing & Conversion Rate Optimization (CRO) (BPAFAFAG)

Keywords

• Digital commerce solutions
• Retail POS systems
• Utilities software
• Dealer management systems
• Digital experience platforms

Headquarters

HQ city

Vantaa

HQ country

Finland

HQ region

Europe

Offices13 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Solutions: Proprietary software products including POS systems (Commerce Cloud, Tekso), utilities software (CIS, Self-Service, Electricity Trade/Distribution), automotive dealer management (WebService), and digital commerce platforms. Delivered as SaaS or on-premise licenses.
2. IT Expert Services: Professional services including consulting, implementation, development, integration, and support services across digital transformation projects.
3. AI-Powered Services: AI-based offerings including PIMScribe AI for product content generation and AI Readiness assessments.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Solteq is a Nordic IT service provider and software house that sells proprietary SaaS and on-premise software for digital commerce, point-of-sale, utilities customer information and billing, and automotive dealer management, combined with consulting, integration, and digital transformation services. Core offerings include Solteq Commerce Cloud (multichannel commerce/POS), Tekso POS, Solteq WebService DMS, Utilities CIS, Utility Cloud, Electricity Trade/Distribution, Digital Experience Platforms on Liferay, and AI-powered products such as PIMScribe AI and Deep Vision.

Product overview

Solteq is a Nordic IT service provider and software house specializing in digital business solutions and vertical software markets. The company's product portfolio operates as a platform-plus-modules architecture centered on three core verticals: Retail & Commerce (including eCommerce, POS systems, and digital marketing), Utilities (energy, water, and district heating software), and Manufacturing/Automotive. Core platforms include Solteq Commerce Cloud (multichannel commerce/POS), Solteq Tekso (retail POS), and Solteq WebService (automotive DMS). These integrate with specialized modules like Solteq Utilities CIS/Self-Service/Utility Cloud (Salesforce-based) for utilities, PIMScribe AI and Master Data Management for product information, Data Shovel and Deep Vision for analytics, Solteq Connector (70+ integrations) for system connectivity, and Digital Experience Platforms (Liferay-based) for B2B portals. AI capabilities include PIMScribe AI (generative AI for product content), Deep Vision (computer vision for eCommerce), and AI-powered supply chain optimization. The portfolio also includes consulting, advisory, and implementation services supporting the software solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Solteq Commerce Cloud Modern, multichannel digital commerce solution combining online shopping with traditional brick-and-mortar POS seamlessly, for retail businesses and restaurants.
• Solteq Tekso Versatile point-of-sale system for specialty shops and grocery retail, with cloud-based deployment options.
• Solteq WebService Dealer Management System (DMS) for vehicle maintenance operations and after-sales services in the automotive industry.
• Solteq Utilities CIS Browser-based customer information management and invoicing system for district heating, water supply, and energy companies.
• Solteq Utilities Self-Service Digital customer engagement and self-service portal tools for district heating, water supply, and energy companies.
• Solteq Utility Cloud Customer online system built with Salesforce technology for district heating, water supply, and energy companies, providing CRM-based customer engagement.
• Solteq Electricity Trade SaaS solution to digitalize electricity sales processes for the Nordic Electricity Markets.
• Solteq Electricity Distribution SaaS solution for Distribution System Operators (DSOs) to enhance strategic business planning and cost-based pricing.
• Solteq Loyalty SaaS service providing an individual and consistent customer experience across channels, pooling loyalty customer information from various sources.
• Solteq Gift Card SaaS gift card solution allowing businesses to issue and manage both physical and digital gift cards.
• Solteq Connector Integration platform providing more than 70 ready-made integrations between enterprise systems for seamless business operations.
• Digital Experience Platforms (DXP) Unified digital backbone connecting data, systems, and customer journeys across businesses, built on the Liferay DXP platform.
• Smart Dealer Cloud-based ERP solution suite for the automotive industry, comprising after-sales system WebService and retail system WebSales.
• Solteq LifeBase Installed base visibility and control solution for manufacturers to improve service performance without large transformation, built on Liferay DXP.
• Accessibility as a Service Managed accessibility service ensuring digital assets comply with European Accessibility Act (EAA) regulations while offering best-in-class customer experience.
• Personalization Personalization solutions that tailor digital experiences to individual customer needs, enhancing engagement and driving growth.
• AI Readiness & Pre-Study 4-8 week AI readiness assessment delivering a clear roadmap for AI adoption and identifying opportunities with an actionable implementation plan.
• PoC Factory 2-4 week low-risk pilot testing for AI ideas, delivering real results before committing to full-scale implementation.
• AI Products & Accelerators Pre-built AI frameworks and proven solutions, including content automation and document intelligence, that cut time-to-value in half.
• Digital Marketing Services Data-oriented digital marketing management including SEO, SEM, online advertising, web analytics, conversion rate optimization, and social media marketing.
• Advisory Services Management consulting function helping businesses understand their current state and navigate the path to success in digital commerce.
• UX & Design Services User experience and design services ensuring positive customer interactions across channels.
• Application Development Software development services combining industry expertise with modern software skills, delivering tailored solutions from small apps to large-scale enterprise applications.
• Integration Services System integration services connecting applications and systems, with strong expertise in business and technology domains.
• Utilities Consulting Consulting services for energy and water companies providing knowledge, skills, advice, and practical assistance for digital operating environment optimization.

Quantifiable outcome

• EUR 2.5 million in annual cost savings from efficiency measures
• +1 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability9 records

Feature9 records

Partnerships

Three partnerships are on record, tiered core.

• LiferaycoreTechnology or Integration · 3 February 2026Liferay is a key technology partner for Digital Experience Platform (DXP) solutions. Solteq creates powerful B2B trading environments and supplementary services seamlessly on Liferay's platform. Solteq was recognized as Liferay Industry Solution Partner of the Year for Manufacturing in 2025.
• Adobe CommercecoreTechnology or IntegrationOfficial Adobe Commerce partner offering nearly limitless opportunities for building online stores. Solteq provides consulting, design, implementation and support for Adobe Commerce solutions.
• HCL CommercecoreTechnology or IntegrationHCL Commerce is positioned as a true enterprise-level web store platform. Solteq delivers implementation and support services for HCL Commerce deployments.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Vitec Software Group: Swedish-listed vertical SaaS company acquiring niche software businesses across multiple industries. Highly comparable as a Nordic vertical software acquirer with similar M&A history and SaaS subscription model.
• Lime Technologies: Nordic CRM and digital marketing software vendor serving similar mid-market and enterprise B2B customers. Comparable in size, Nordic footprint, and vertical software positioning.

Broad incumbents

• TietoEVRY: Major Nordic IT services and software company serving banking, healthcare, retail, and utilities. Overlaps with Solteq in utilities and retail software but operates at much larger scale across more verticals.
• CGI Group: Global IT consulting and systems integrator with significant Nordic operations via the former Logica. Provides overlapping IT services and digital transformation offerings to similar enterprise customers.
• Atea ASA: Leading Nordic IT infrastructure and services provider. Comparable in Nordic market presence and B2B IT customer base, though more focused on hardware/infrastructure than Solteq's vertical SaaS.
• Capgemini: Global IT services and digital transformation leader with Nordic operations. Competes for enterprise digital commerce and platform implementation engagements at larger scale.
• Accenture: Global professional services and digital transformation giant. Overlaps with Solteq on enterprise digital commerce, ERP, and platform implementation work for retail and utilities clients.
• Trimble Inc: Vertical software provider for industries including utilities, manufacturing, and automotive. Comparable business model of purpose-built vertical SaaS, though with much larger scale and US listing.

Others

• Salesforce: Platform underpinning Solteq Utility Cloud. As the underlying CRM/technology platform, Salesforce is both an enabler and a potential competitive threat for Solteq's utilities customer engagement solutions.
• Shopify: Leading commerce platform used by Solteq's SMB retail customers via WooCommerce integrations. Represents both a partnership opportunity and a substitute for Solteq's Commerce Cloud offering at the lower end of the market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/solteq-oyj
• Xx.com/solteqtweets

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A11 records

Investments

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

Frequently asked questions about Solteq