Ascentic
Ascentic is a Swe-Lankan software development company providing offshore development teams, scoped projects, and onsite consultants to Nordic and European enterprises. Its 100+ engineers across Sweden and Sri Lanka deliver custom software, AI adoption, QA, and cloud services.
- Company typePrivate
- Founded2017
- HeadquartersStockholm, Sweden
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Ascentic does
Ascentic is a Swe-Lankan software development company founded in 2017, headquartered in Colombo, Sri Lanka, with additional offices in Stockholm and Göteborg, Sweden. The firm operates dual legal entities - Ascentic (Pvt) Ltd. in Sri Lanka and Ascentic AB in Sweden - and employs 100+ consultants with an average of six years of industry experience. It is privately held by co-founders Anna Kalm (CEO) and Patrik Alm (CFO), with no external institutional investment disclosed.
The company delivers professional services through three engagement models: Extended Teams (long-term embedded engineers integrated into client development organizations), scoped Projects (fixed-budget end-to-end delivery), and Onsite Consultants (individual engineers placed at client locations, often in hybrid setups). Its service portfolio spans six practice areas: AI Adoption and Strategy, Custom Software Development, Mobile Development, Cloud and DevOps, Quality Assurance, and AI-Powered Prototyping. Technology stack coverage includes React, Node.js, Python, .NET Core, Angular, Flutter, TensorFlow, AWS, Azure, and Playwright, with AI tooling anchored on third-party foundation models (OpenAI, Anthropic, Cursor, GitHub Copilot).
Commercially, Ascentic targets Nordic and European enterprises, with a stated specialization in Swedish companies seeking offshore development capacity. Notable clients include Qvalia Group (FinTech serving 10,000+ companies across 35+ countries), Múve (UK regulated law firm), Sweet Systems (AI/CRM), Svenska Fönster (manufacturing), Icomera (transportation), and Evidence AB. The firm's value proposition combines Swedish business acumen with Sri Lankan technical talent, SEK-pegged compensation for salary consistency, and bilingual cultural alignment, with the Extended Teams model cited as the most popular engagement for long-term Nordic engagements.
Ascentic firmographics
Firmographics- Name
- Ascentic
- Legal name
- Ascentic (Pvt) Ltd.
- Website
- https://ascentic.se
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Ascentic is a Swe-Lankan software development company providing offshore development teams, scoped projects, and onsite consultants to Nordic and European enterprises. Its 100+ engineers across Sweden and Sri Lanka deliver custom software, AI adoption, QA, and cloud services.
- Ownership category
- akta.pro rank
Ascentic industry classification
Industry- Product category
- IT Services & Software Development Consulting
- NAICS
- Computer Systems Design and Related Services (5415), Custom Computer Programming Services (541511), Computer Systems Design and Related Services (54151)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Programming Services (7371), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Enterprise Architecture & Technology Roadmapping (BPAEAAAC)
Keywords
Where Ascentic is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices3 records
Markets served
Ascentic business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Extended Teams Services: Long-term engagement model where Ascentic provides dedicated engineers integrated into client development teams for ongoing product development. Engineers become embedded team members working on client projects over extended periods.
- Scoped Projects: Fixed-scope project engagements where Ascentic estimates effort, sets budget, and manages the full project from initiation to launch. Suitable for defined deliverables with clear boundaries.
- Onsite Consultants: Individual high-performing engineers who work onsite at customer locations. Can be individual contributors or part of hybrid teams with tech lead onsite and development offshore.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Extended Teams - Cost-effective team scaling |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Ascentic product offering
Product offeringCore offering
Ascentic is a Swe-Lankan software development company that provides high-performing engineering consultants and teams to Nordic and European enterprises across practice areas including AI Adoption and Strategy, Custom Software Development, Mobile Development, Cloud and DevOps, Quality Assurance, and AI-Powered Prototyping. It delivers these services through three engagement models: Extended Teams (long-term embedded engineers), scoped Projects (fixed-budget deliverables), and Onsite Consultants (individual engineers at client locations), bridging Swedish business needs with Sri Lankan technical talent.
Product overview
Ascentic is a Swe-Lankan software development company offering professional services through multiple engagement models (Extended Teams, Projects, and Onsite Consultants). The core service portfolio spans six practice areas: AI Adoption and Strategy (capability assessments, roadmap design, governance), Custom Software Development (web applications and systems), Mobile Development (native and cross-platform), Cloud and DevOps, Quality Assurance (automated and manual testing), and AI-Powered Prototyping (rapid proof-of-concept development using generative AI and agentic workflows). The company operates with presence in Sweden and Sri Lanka, primarily serving Nordic clients.
Differentiator
Problem solved
Functional benefit
Products and services
- AI Adoption and Strategy
Quantifiable outcome
- Qvalia platform automation serves 10,000+ companies across 35+ countries
- +2 more outcomes
Companies that use Ascentic
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles2 records
Ascentic technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature4 records
Ascentic partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- MûvecoreUK-based digital conveyancing firm partnered with Ascentic to strengthen their technical platform and support growth in the UK property market. Mûve is a regulated law firm handling sensitive client transactions, requiring high security standards.
- Sweet SystemscoreSwedish AI-powered CRM and automation company partnered with Ascentic to strengthen and scale their frontend and UI/UX development capabilities.
- Qvalia Group ABcoreSwedish fintech company transformed from transaction management consultancy into AI-powered SaaS platform with Ascentic's help. Platform automates invoicing, AP/AR, and order management for 10,000+ companies across 35+ countries.
- IcomeracoreTransportation technology company where Ascentic helped build AI-accelerated testing practice improving quality, coverage, and release speed using TypeScript, GitHub CoPilot, and Playwright.
- Evidence ABcoreGrowth journey partnership with Evidence AB featuring superior account management, direct communication, and full-stack competence enabling comfortable project scaling.
- Svenska FönstercoreSwedish manufacturing company where Ascentic introduced test automation with Playwright integrated into CI/CD pipeline, solving manual testing challenges and reducing critical defects in production.
Scale indicators4 records
Recent moves7 records
Expansion highlights6 records
Ascentic competitors and assessment
Company assessmentDirect peers
- Sigma Technology: Swedish-headquartered IT consulting and product development firm with offices across Europe and nearshore/offshore delivery centers. Closely comparable to Ascentic's Nordic-focused enterprise software services model.
- Beetroot AB: Swedish-operated tech services company with delivery teams in Eastern Europe. Mirrors Ascentic's hybrid Nordic-front-office / offshore-development-center model with similar customer base in Sweden.
- Netlight: Nordic IT and management consultancy serving enterprises across the Nordics with technology strategy, software engineering, and digital transformation services. Comparable in client base and delivery model.
- Andersen Lab: European software development and IT consulting firm offering dedicated teams, custom software, and QA services to Western European clients — a direct offshore-team alternative for Nordic enterprises.
- Itransition: Global software engineering services provider delivering custom software, QA, and cloud development to enterprise clients across Europe and North America. Overlaps Ascentic on Extended Teams-style engagements and enterprise verticals.
- Geniusee: Eastern European software development and AI services firm serving European and US enterprises with dedicated teams and custom solutions. Comparable offshore delivery model competing for similar enterprise RFPs.
Broad incumbents
- Knowit AB: Large Nordic digital and IT consultancy formed via roll-up of regional firms including Cybercom. Targets the same Nordic enterprise customers as Ascentic across custom software, cloud, and AI services at much greater scale.
- Thoughtworks: Global software consultancy with strong European presence offering custom software development, AI/ML engineering, and platform modernization. A scaled incumbent Ascentic competes with on enterprise RFPs.
- Globant: Large global IT services firm with deep AI/digital transformation practice. Competes for the same Nordic enterprise digital engineering work as Ascentic, though at a materially larger scale and broader footprint.
Emerging players
- Qloc S.A. Polish-based game and software development studio with a strong Scandinavian client roster and an offshore-to-Nordic delivery model. Comparable in nearshore structure though narrower in vertical focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Ascentic social profiles
Digital presenceAscentic financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ascentic leadership team
Management profileNumber of profiles
Profiles9 records
Ascentic funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ascentic M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ascentic
What does Ascentic do?
Ascentic is a Swe-Lankan software development company that provides high-performing engineering consultants and teams to Nordic and European enterprises across practice areas including AI Adoption and Strategy, Custom Software Development, Mobile Development, Cloud and DevOps, Quality Assurance, and AI-Powered Prototyping. It delivers these services through three engagement models: Extended Teams (long-term embedded engineers), scoped Projects (fixed-budget deliverables), and Onsite Consultants (individual engineers at client locations), bridging Swedish business needs with Sri Lankan technical talent.
Is Ascentic a public or private company?
Ascentic is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Ascentic founded?
Ascentic was founded in 2017. It employs 51 to 100 people.
Where is Ascentic based?
Ascentic is headquartered in Stockholm, Sweden, in the Europe region.
How does Ascentic make money?
Three revenue lines are on record. Extended Teams Services are the primary driver. The others are scoped Projects and onsite Consultants.
Who are Ascentic's main competitors?
Direct peers on record are Sigma Technology, Beetroot AB, Netlight, Andersen Lab, Itransition and Geniusee. Broad incumbents are Knowit AB, Thoughtworks and Globant. Qloc S.A. is listed as an emerging player.
Does Ascentic have an API?
No public API is recorded for Ascentic.
What industry is Ascentic in?
Ascentic's product category is IT Services & Software Development Consulting. Its primary akta.pro industry code is BPAEAAAC, Enterprise Architecture & Technology Roadmapping. Its NAICS code is 5415 and its SIC code is 7370.