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HiQ

Full company profile

uuid002ox85

Namestring
HiQ
Websiteurl
hiq.se
Company typeenum
Private
Founded yearint
1995
Descriptiontext

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.

Short descriptiontext

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.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersStockholm, Sweden
HQ citystring
Stockholm
HQ countrystring
Sweden
HQ regionstring
Europe
Markets served

Serves global market

Offices3 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
digital transformation consulting, business analytics services, agile methods consulting, IT consulting, telecommunications consulting
NAICS code2 codes
  • Administrative Management and General Management Consulting Services541611
  • Custom Computer Programming Services541511
SIC code3 codes
  • Services-Management Consulting Services8742
  • Services-Computer Programming, Data Processing, Etc.7370
  • Services-Computer Integrated Systems Design7373
Product category
IT Consulting Services
Social media profiles3 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Consulting Services
TypeProfessional Services
Description

HiQ generates revenue through digitalization consulting services, including digital transformation, Business Analytics, and agile method implementations

avanza.se
Cost components5 values
Personnel, Operations, Marketing or Sales, Technology or R&D, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

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).

Differentiator
Functional benefit
Problem solved
Product overview1 text field

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.

Product and service3 records
1Digital Transformation Consulting
CategoryIT Consulting Services
Description

Digitalization consulting service that helps enterprise clients implement digital transformation initiatives.

2Business Analytics Consulting
CategoryIT Consulting Services
Description

Consulting service focused on building Business Analytics capabilities for enterprise clients.

3Agile Methods Consulting
CategoryIT Consulting Services
Description

Consulting service that supports clients in adopting and implementing agile development methods.

Scale indicator2 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
1Avance Attorneys
Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2021-11-09
Description

HiQ 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.

2Advicon
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2021-08-31
Description

HiQ 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.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
1Capgemini
TypeOthers
2Accenture
TypeBroad incumbent
Description

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.

3Rejlers
TypeDirect peer
Description

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.

4CGI Group
TypeBroad incumbent
Description

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.

5Tietoevry
TypeBroad incumbent
Description

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.

6Knowit
TypeDirect peer
Description

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.

7B3 Consulting Group
TypeDirect peer
Description

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.

8Softhouse (Softhouse Consulting)
TypeEmerging player
Description

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.

9Sigma Group (Sigma Connectivity/Sigma Industry)
TypeDirect peer
Description

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.

10Combitech
TypeRegional player
Description

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

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries2 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A10 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

HiQ

IT Consulting Serviceshiq.se

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.

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.

HiQ firmographics

Firmographics
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

Where HiQ is headquartered

Location

Headquarters

HQ city
Stockholm
HQ country
Sweden
HQ region
Europe

Offices3 records

Markets served

HiQ business model

Business model
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

HiQ product offering

Product offering

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.

Companies that use HiQ

Customer profile

Segments1 record

Ideal customer profiles1 record

HiQ technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

HiQ partnerships and signals

Strategic signal

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

HiQ competitors and assessment

Company assessment

Others

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

HiQ social profiles

Digital presence

HiQ financial estimates

Financial estimate

Revenue estimate

Valuation estimate

HiQ leadership team

Management profile

Number of profiles

Profiles1 record

HiQ subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

HiQ funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

HiQ M&A and investment

M&A and investment

M&A10 records

Investments

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

Frequently asked questions about HiQ

What does HiQ do?

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).

When was HiQ founded?

HiQ was founded in 1995. It employs 1,001 to 5,000 people.

Where is HiQ based?

HiQ is headquartered in Stockholm, Sweden, in the Europe region.

How does HiQ make money?

One revenue line is on record: consulting Services.

Who are HiQ's main competitors?

Capgemini is listed as an others. Broad incumbents are Accenture, CGI Group and Tietoevry. Direct peers are Rejlers, Knowit, B3 Consulting Group and Sigma Group (Sigma Connectivity/Sigma Industry). Softhouse (Softhouse Consulting) is listed as an emerging player. Combitech is listed as a regional player.

Does HiQ have an API?

No public API is recorded for HiQ.

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Live signals
Renzenbrink-PartnerRenzenbrink & Partner advises HiQ International, a Triton portfolio company, and Scandio GmbH on the acquisition of anarcon GmbHScandio GmbH, a subsidiary of HiQ International and portfolio company of Triton, has acquired anarcon GmbH to strengthen its position in the German tech consulting market. This transaction marks HiQ's second acquisition of the year, building on existing close operational relationships between Scandio and anarcon.MynewsdeskHiQ grows in the German market – Scandio acquires anarconHiQ has announced the acquisition of Munich-based agile consulting company anarcon by its German subsidiary Scandio. This acquisition marks a significant step in HiQ's expansion in the German market, with Scandio growing its workforce to over 200 employees across six locations. The addition of anarcon is expected to enhance HiQ's Atlassian segment and strengthen its offerings in agile consulting.AvanzaHiQ förvärvar AdviconHiQ has acquired Advicon, a digitalization consultancy with 25 employees, to strengthen its capabilities in digital transformation, Business Analytics, and agile methods. The acquisition allows HiQ to expand its presence in southern Sweden, re-establishing operations in Lund while integrating Advicon's team under the HiQ brand.GlobeNewswireSplit and Change of ISIN for HiQ International AB (43/18)HiQ International AB will carry out a 2:1 stock split with redemption, effective April 5, 2018. The shares will trade under a new ISIN (SE0011062728), with the last day of trading under the old ISIN (SE0009696883) being April 4, 2018.GlobeNewswireChange of ICB Classification for HiQ International AB (46/17)As of April 11, 2017, HiQ International AB's ICB classification changes to Industry Code 9000 Technology and Supersector Code 9500 Technology. The notice was issued by Nasdaq Stockholm AB, with contact details provided for further information.GlobeNewswireListing of redemption shares in HiQ International AB (37/17)HiQ International AB's redemption shares will be quoted on the Equity rights list from April 10 to April 25, 2017. Trading continues up to and including April 25, 2017, with the instrument listed under HIQ IL.GlobeNewswireSplit and Change of ISIN for HiQ International AB (36/17)HiQ International AB will carry out a 2:1 stock split with redemption, effective April 6, 2017. The shares will trade under a new ISIN code, SE0009696883, while the order book remains unchanged. Trading with the old ISIN ends April 5, 2017.GlobeNewswireINVITE: PRESENTATION OF HiQ’S INTERIM REPORT AT 9.00 A.M. ON 11 AUGUSTHiQ will present its interim report for January-June 2016 at 9:00 a.m. on 11 August at its Stockholm office. CEO Lars Stugemo will comment on the report and give a presentation over breakfast. The company, founded in 1995, has 1,500 specialists in four countries and is listed on Nasdaq Stockholm Mid Cap.GlobeNewswireCHANGE IN NUMBER OF OUTSTANDING SHARES IN HiQ DURING MAYAs of May 31, 2016, HiQ International AB had 53,930,273 outstanding shares, including 6,000 interim shares. The change resulted from a compulsory redemption of shares under a March 2016 AGM decision, distributing about SEK 156 million, plus 6,000 interim shares issued from warrant exercises.GlobeNewswireINVITATION TO THE PRESENTATION OF HiQ’S INTERIM REPORT AT 9.00 A.M. ON 25 APRILHiQ will present its interim report for January-March 2016 at 9:00 a.m. on April 25 at its Stockholm office. CEO Lars Stugemo will comment on the report and give a presentation over breakfast. The company, founded in 1995, has 1,400 specialists in four countries and is listed on Nasdaq Stockholm Mid Cap.