What HiQ does

HiQ is a Stockholm-based, publicly listed (Stockholm Stock Exchange: HIQ) digitalization and IT consulting firm founded in 1995, originally focused on the telecommunications sector. The company now positions itself around digital transformation, Business Analytics, and agile delivery methods, serving enterprise clients that need to modernize operations, deploy data capabilities, and adopt agile practices. Headcount is in the 1,001-5,000 range, and the firm maintains offices in Stockholm and across southern Sweden (Malmö, Karlskrona, Lund) following its acquisition of Advicon in 2021.

The business model is professional services: revenue is generated through consulting engagements and digitalization project delivery rather than licensed products. HiQ pursues a multi-decade rollup strategy, having completed roughly nine disclosed acquisitions between 2004 and 2023, including Computer & Audio-Technical Systems (2004), Frends Technology Oy (2010), Great Apes (2016), Presis (2017), Advicon (2021), Lamia (2021), Cogitel (2021), Abizko Consulting (2022), and Zool Engineering AB (2023). These acquisitions have extended the firm's footprint within Sweden and broadened its engineering and consulting bench, with the 2021-2023 cadence concentrated on Swedish-region tuck-ins.

The firm's go-to-motion is enterprise field sales into Swedish enterprise clients seeking digitalization support. Customer data, pricing, and revenue figures are not disclosed in the available sources, which materially limits external visibility into client mix and unit economics. Technical leadership is anchored by CTO Richard Pauly; no further management, product portfolio, AI/ML capability, or partnership data is publicly documented in the inputs.

Name

HiQ

Website

https://hiq.se

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

HiQ is a Stockholm-based, publicly listed (sto:HIQ) digitalization and IT consulting firm founded in 1995. It serves Swedish enterprise clients with digital transformation, Business Analytics, and agile delivery services, operating across roughly 1,001-5,000 employees in Sweden.

Ownership category

akta.pro rank

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Consulting Services: HiQ generates revenue through digitalization consulting services, including digital transformation, Business Analytics, and agile method implementations

Go-to-market motion1 record

Core offering

HiQ is a digitalization consulting company that helps enterprise clients implement digital transformation initiatives, Business Analytics capabilities, and agile development methods. Offerings are delivered as professional consulting services, with capabilities extended through acquisitions of specialized firms (e.g., Advicon in southern Sweden).

Product overview

No product information available in the provided source data. The sources primarily contain news about company acquisitions (Advicon in 2021, Lamia in 2021) and general corporate information, but do not detail HiQ's specific product portfolio or service offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• Digital Transformation Consulting Digitalization consulting service that helps enterprise clients implement digital transformation initiatives.
• Business Analytics Consulting Consulting service focused on building Business Analytics capabilities for enterprise clients.
• Agile Methods Consulting Consulting service that supports clients in adopting and implementing agile development methods.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor and core.

• Avance AttorneysminorStrategic or Co-development Partner · 9 November 2021HiQ announced the acquisition of Lamia from Avance Attorneys. The article mainly consists of cookie policy details and does not provide further context about the transaction.
• AdviconcoreStrategic or Co-development Partner · 31 August 2021HiQ acquired Advicon, a digitalization consulting company established in 2014 with 25 employees. The acquisition aims to enhance HiQ's capabilities in digital transformation, Business Analytics, and agile methods, especially in the southern Sweden region. Advicon had offices in Malmö, Karlskrona, and Lund.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Others

• Capgemini:

Broad incumbents

• Accenture: Global professional services firm with industry-leading digital transformation, data/analytics, and agile consulting capabilities. Comparable to HiQ across all major service lines, though at global scale and far broader portfolio.
• CGI Group: Global IT and business consulting services firm with substantial Nordic operations following the Logica acquisition. Comparable as a public incumbent offering digital transformation, systems integration, and managed services overlapping HiQ's scope.
• Tietoevry: Finnish/Nordic-headquartered IT services and digital transformation provider. Directly comparable to HiQ as a public Nordic IT consulting peer with overlapping digital, analytics, and managed services offerings, but at much larger scale and broader geographic footprint.

Direct peers

• Rejlers: Nordic engineering and digital consulting firm headquartered in Sweden serving energy, infrastructure, and industrial clients. Comparable as a Nordic publicly-listed consulting peer with adjacent digital and analytics practices.
• Knowit: Swedish digital and IT consulting firm serving enterprise and public-sector clients across the Nordics. Highly comparable to HiQ in service mix (digital transformation, agile, analytics), customer profile, and Nordic geography.
• B3 Consulting Group: Swedish IT and management consulting firm serving Nordic mid-market and enterprise clients with digital transformation, business analytics, and agile delivery. Highly comparable to HiQ in customer segment, services, and geography.
• Sigma Group (Sigma Connectivity/Sigma Industry): Swedish IT and technology consulting group with deep Nordic roots across digital, embedded, and business consulting. Closely comparable in size and Nordic enterprise focus to HiQ's digitalization consulting practice.

Emerging players

• Softhouse (Softhouse Consulting): Swedish IT and digital consulting firm focused on agile software development, cloud, and analytics for enterprise clients in southern Sweden. Comparable emerging peer in geography and service mix, smaller scale than HiQ.

Regional players

• Combitech: Swedish technical consulting firm (Saab group subsidiary) focused on digitalization, systems engineering, and industrial clients in the Nordics. Comparable regional consulting peer with overlapping digital and analytics offerings.

Market position

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/hiqinternat
• Facebookfacebook.com/HiQInternational
• LinkedInlinkedin.com/company/hiq

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A10 records

Investments

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

Frequently asked questions about HiQ