What Icecon does

Icecon AB is a privately held Swedish IT services company founded at year-end 2010-2011 and headquartered in Umeå, operating through wholly-owned subsidiaries ICECON Finansservice AB, ICECON Business 360 AB, and Najaden Gruppen AB. The company specializes in system integration, cloud infrastructure, and application development with a deep focus on the IBM Power I platform, supplemented by Microsoft Dynamics NAV, Citrix Digital Workspace, and Huawei OceanStor infrastructure offerings. Multi-city presence spans Umeå (HQ), Luleå, Kramfors, and Göteborg, with named enterprise customers including BMW Northern Europe, Intrum, Luleå municipality, Älvsbyhus, Norrtåg, and Perstorp AB.

The company's product portfolio centers on the proprietary Business 360/Netlang Java-based integration platform, which provides centralized control over enterprise system data flows across ERP, production, logistics, payroll, and decision-support systems. Proprietary tooling extends to IceMon, a recently launched monitoring product that can be purchased standalone or subscribed to as a managed service, and the owned Icecon Cloud Center (ICC), which provides IBM Power I server hosting with LPAR partitions, Windows server capabilities, and 24/7 disaster recovery services. Application development on the IBM Power stack is delivered by an in-house RPG/Java team citing 45+ years of combined platform experience and 20+ years of Citrix specialization.

The business model blends professional services (system integration, application development, infrastructure projects), managed services (DR hosting, IT monitoring), and productized subscription revenue (IceMon), with an in-house financing arm (ICECON Finansservice) leveraging bank-affiliated partners (SEB Finans, Nordea Finans, GrenkeLeasing) to offer rental and cost-per-user financing for IT equipment and software. Go-to-market is exclusively direct enterprise field sales, with the President, CFO, and Technical Sales Manager personally engaging mid-to-large Swedish enterprises, government municipalities, and automotive manufacturers. The company holds IBM Advanced Business Partner, Citrix Solution Provider, and Microsoft partner credentials, with no disclosed external funding, no public revenue figures, and a small operating headcount that constrains scalability.

Name

Icecon

Legal name

ICECON AB

Website

https://icecon.se

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

101–250 employees

Short description

Icecon AB is a Swedish IT services company headquartered in Umeå that specializes in IBM Power I system integration, application development, and cloud infrastructure for mid-to-large Swedish enterprises, with offices in four cities and proprietary integration (Business 360) and monitoring (IceMon) products.

Ownership category

akta.pro rank

Headquarters

HQ city

Göteborg

HQ country

Sweden

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. IT Consulting & Professional Services: System integration, application development, infrastructure solutions, and ongoing IT support services. Includes project management, training, and maintenance services.
2. ICECON Finansservice: Financing services for IT equipment including infrastructure (servers/storage, workstations, networking), software (business systems, Microsoft Dynamics NAV), and consulting services. Flexible rental options and cost-per-user monthly arrangements.
3. IceMon Product: Monitoring tool sold as product purchase or subscription service where ICECON handles monitoring responsibilities.
4. Disaster Recovery Services: DR-site rental in Icecon Cloud Center with IBM Power I server partitions and optional Windows servers. Includes 24/7/365 support, monitoring, and maintenance.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Icecon delivers IBM Power I system integration, application development in RPG/Java, and managed cloud infrastructure through its proprietary Business 360/Netlang integration platform and IceMon monitoring tool, operated from its owned Icecon Cloud Center (ICC) data center in Sweden. Services span system integration, cloud and disaster recovery hosting, Citrix Digital Workspace deployment, and IT equipment financing via the ICECON Finansservice subsidiary. Core customers are Swedish enterprises and municipalities running high-transaction IBM Power I environments that require specialized integration, monitoring, and 24/7/365 support.

Product overview

Icecon offers a portfolio of IT solutions centered around system integration, cloud infrastructure, and application development. The core offering is Business 360/Netlang, a Java-based integration platform for enterprise system connectivity, supplemented by IceMon monitoring tool for integration workflow oversight. The company operates Icecon Cloud Center (ICC) providing cloud services and disaster recovery hosting on IBM Power infrastructure. Additional offerings include Citrix Digital Workspace for secure mobile work, IBM Power application development services, 360 Resource Planning for resource scheduling, and ICECON Finansservice for IT equipment financing. The company maintains partnerships with IBM, Huawei, Citrix, Lenovo, Microsoft, and others.

Differentiator

Problem solved

Functional benefit

Brands

• IceMon: Monitoring tool for integration oversight that monitors scheduled runs, event-based executions, and automatic recovery of alarms.
• Icecon Cloud Center (ICC)
• Business 360/Netlang

Products and services

• Business 360 / Netlang Java-based integration platform providing centralized control over system integrations and data flows between ERP, production, logistics, payroll, workflow, and decision-support systems, for enterprises needing stable, reusable integrations and reduced production disruptions.
• IceMon Monitoring tool for tracking integration workflows, ensuring scheduled jobs start on time, event-based jobs trigger correctly, integrations complete without errors, and providing automatic alarm recovery; sold as a standalone product or as a managed subscription where Icecon runs monitoring.
• Icecon Cloud Center (ICC) Owned cloud data center service offering IBM Power I server hosting with LPAR partitions, Windows server capabilities, and disaster recovery site rentals under 24/7/365 support, monitoring, and maintenance for Swedish enterprises.
• Disaster Recovery Site DR-site service offering rented IBM Power I server partitions and optional Windows servers within the Icecon Cloud Center for business continuity in case of production server failure.
• Citrix Digital Workspace Digital workspace solution providing secure mobile work, application delivery infrastructure, and centralized IT control across devices and locations, delivered by Icecon as a Citrix solution provider with 20+ years of specialization.
• IBM Power Application Development Application development and maintenance services for the IBM Power I platform in RPG and Java, with 45+ years of combined team experience in high-transaction, high-availability environments for enterprise customers.
• ICECON Finansservice Financing services subsidiary providing flexible rental and cost-per-user-per-month arrangements for IT investments including infrastructure, business systems, Microsoft Dynamics NAV software, and consulting services, delivered through partner banks SEB Finans AB, Nordea Finans, and GrenkeLeasing AB.
• 360 Resource Planning Tool for powerful, modern, and cost-effective management of scheduled resources, offered as an additional Icecon product.

Quantifiable outcome

• Elimination of risky manual routines through automated integration workflows
• +2 more outcomes

Named customers6 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

Feature3 records

Partnerships

Six partnerships are on record, tiered core.

• IBMcoreTechnology or IntegrationCertified IBM Business Partner (Advanced) for both hardware and software. Specialization in IBM Power i platform with over 45 years combined experience. Provides total solutions based on IBM technology including servers, OS400, and application development.
• HuaweicoreTechnology or IntegrationStrategic partnership for enterprise infrastructure solutions including OceanStor storage. Partnership delivering improved performance, availability, and reliability for customer IT infrastructure with significant user experience improvements.
• CitrixcoreTechnology or IntegrationCitrix solution provider for Digital Workspace, mobile workplace, and delivery infrastructure. Over 20 years of Citrix experience with annual participation in Citrix conferences including Citrix Summit in USA. Claim to be most competent Citrix provider in Norrland.
• MicrosoftcoreTechnology or IntegrationPartner for cloud services including Office 365 and Microsoft Dynamics NAV. Provides cloud platform offerings and business system integrations.
• NetlangcoreTechnology or IntegrationIntegration platform partner providing Business 360/Netlang - a Java-based integration platform enabling centralized control over system integrations and data flows.
• Xtellus ABcoreTechnology or IntegrationDeveloper and owner of Business 360 integration platform. ICECON partners as reseller and implementation specialist for this Java-based integration platform used by local, national, and global customers.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Columbus: Global IT services company headquartered in Denmark with strong Microsoft Dynamics and ERP practices serving Nordic enterprise markets. Comparable in offering enterprise system integration and Microsoft Dynamics NAV expertise.
• Sigma IT: Swedish IT consulting firm specializing in system development, integration, and enterprise IT services. Similar profile to Icecon with strong enterprise customer base across Sweden.
• Sogeti: Capgemini subsidiary focused on IT services and system integration with strong IBM i practices in Sweden and the Nordics. Direct overlap with Icecon's system integration and IBM Power i specialization at greater scale.
• ATEA: Leading Nordic IT infrastructure services provider offering cloud, data center, and managed services. Comparable in offering cloud/data center services (akin to Icecon Cloud Center) and system integration across Nordic markets.
• Knowit: Swedish-headquartered IT and digital consultancy offering system integration, application development, and cloud services across the Nordics. Comparable business model and enterprise customer base to Icecon's IT services.
• HiQ International: Nordic IT consultancy offering system development, integration, and digital solutions. Comparable in providing enterprise system integration and application development services across Nordic markets, generally at larger scale.
• CGI Group: Large IT services and system integration firm with significant IBM i and enterprise integration practices serving Nordic and global enterprises. Directly comparable in IBM Power i integration work but at substantially larger scale.

Broad incumbents

• Accenture: Global IT services and consulting firm with system integration practices serving Nordic enterprise clients including those with IBM Power i environments. Operates as a broad incumbent rather than niche specialist.
• Capgemini: Global IT services leader with substantial IBM partnership and system integration practice operating in Sweden. Competes for the same enterprise integration RFPs as a broader incumbent with vastly larger delivery capacity.

Others

• IBM: Technology vendor and Icecon's upstream ecosystem partner via the Advanced Business Partner program. Enables Icecon's IBM Power i capability and competes only indirectly as a services provider.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/icecon-ab

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 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 Icecon