Origo

What Origo does

Origo is an Icelandic IT company formed in 2018 through the merger of Nýherji, TM Software, and Applicon, operating as part of the Skyggnis group of technology companies. The company serves over 30,000 customers across Iceland — spanning enterprises, government, financial institutions, retail, tourism, and nonprofits — with a portfolio centered on Microsoft-based managed services, ERP, and a suite of proprietary Icelandic-localized software products. Core offerings include Microsoft Dynamics 365 Business Central ERP implementation (30+ years of practice), Kjarni HR and payroll system, and Icelandic-vertical add-ons: Rúna (salary benchmarking), CCQ (quality management), SpendSenze (procurement analytics), GreenSenze (carbon footprint, joint venture with KPMG), Tollvís (customs automation), Timian (procurement), Vigor (energy sector), and Brynhildur (backup/recovery).

Technology architecture is anchored on the Microsoft ecosystem (Azure, Microsoft 365, Dynamics 365 Business Central, Power Platform, Power BI, Microsoft Fabric), with Origo operating as a Gold Microsoft partner holding Azure Administrator Expert, Azure Developer Associate, and Azure Solutions Architect Expert certifications. Proprietary solutions are engineered specifically for Icelandic regulatory requirements — labor law compliance, IST 85:2012 equal pay certification, customs, and energy sector operations. Infrastructure runs from two geographically separated ISO 27001 certified Icelandic data centers, with backup services delivered via Rubrik, Veeam, IBM, and Predatar partnerships. AI capabilities span Microsoft Copilot integration, predictive inventory analytics in Business Central, AI-driven customs classification in Tollvís, anomaly detection in SpendSenze, and a sovereign AI hosting service launched April 2026.

Revenue is generated through three streams: (1) recurring managed services and subscriptions (user support, hosting, infrastructure, backup), (2) professional consulting and implementation services (digital transformation, Business Central implementation, custom development), and (3) proprietary software licensing (Kjarni, Rúna, CCQ, SpendSenze, GreenSenze, Tollvís, Timian, Vigor). Pricing is predominantly quote-based with monthly recurring billing for managed services and usage-based billing for backup. Go-to-market is sales-led, targeting Icelandic enterprises and public institutions through direct field sales, long-term account management (Icelandair 20+ years, Arctica Finance 10+ years), and Microsoft partner channels. Recent strategic activity includes acquisitions of Maven ehf. (April 2026, BI/AI) and Datalab (signed 2026, AI/data science), relocation to a new consolidated Skyggnis campus at Dalvegur 30A on June 8, 2026, and the 2022 divestiture of Tempo for 27.8 billion ISK.

Name

Origo

Legal name

Origo ehf.

Website

https://origo.is

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Origo is an Icelandic IT company serving 30,000+ customers with Microsoft-based managed services, Dynamics 365 Business Central ERP, and proprietary Icelandic-localized software (Kjarni HR, SpendSenze procurement, Tollvís customs). Operates as part of the Skyggnis group.

Ownership category

akta.pro rank

Product category

Enterprise IT and Business Software Services

NAICS

Custom Computer Programming Services (541511), Computer Systems Design Services (541512), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

ERP Implementation & Systems Integration Services (BPAEAGAA)

akta.pro secondary industries

ERP Managed Services & AMS (Application Management) (BPAEAGAB), Distribution & Wholesale ERP (Inventory, Order, Warehouse) (HDAEAEAC)

Keywords

• Enterprise software solutions
• ERP implementation services
• Managed IT services
• HR payroll software
• Business central partner

Headquarters

HQ city

Reykjavík

HQ country

Iceland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Subscription and managed services: Origo generates recurring revenue through managed IT services, hosting, and cloud operations contracts with monthly or annual billing. Services include user support (notendaþjónusta), system hosting, and infrastructure management. Revenue is predictable and recurring from a large customer base exceeding 30,000 clients.
2. Professional consulting and implementation services: Fees from digital transformation consulting, system implementation, software development, and advisory services. Covers digital journey (stafræn vegferð), Business Central implementation, and custom development engagements.
3. Software licensing and proprietary solutions: Revenue from proprietary Icelandic software products including Kjarni (HR and payroll), Rúna (wage monitoring), CCQ (quality management), SpendSenze (procurement analytics), GreenSenze (carbon footprint), Tollvís (customs), Timian (procurement), and Vigor (energy/business). Sold as subscription or license arrangements.
4. Backup and recovery services: Revenue from backup services (afritunarþjónusta) with monthly billing based on compressed data volume stored or number of active users. Recovery testing services (Brynhildur) also generate fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels8 records

Core offering

Origo is an Icelandic IT company that sells and implements Microsoft Dynamics 365 Business Central ERP software, develops proprietary Icelandic software (HR/payroll, customs, procurement, quality management, energy), and delivers managed IT services including secure hosting, user support, and backup/recovery. The company combines software licensing, consulting/implementation, and recurring managed services for Icelandic enterprises, government institutions, and SMBs across more than 30,000 customers.

Product overview

Origo is an Icelandic IT company offering a portfolio of software solutions and services. The core products include Microsoft Dynamics 365 Business Central (ERP system) and Kjarni (HR and payroll system), complemented by add-on modules like CCQ (quality management), SpendSenze (spend analysis), GreenSenze (carbon footprint), Tollvís (customs), Timian (procurement), Rúna Launavakt (salary monitoring), and Brynhildur (disaster recovery). Services include secure hosting and operations, user support services, digital transformation consulting (Stafræn vegferð), and backup services. All offerings are designed for Icelandic businesses with local compliance requirements.

Differentiator

Problem solved

Functional benefit

Brands

• Vigor: Icelandic energy and business software solution developed in collaboration with customers, adapted to Icelandic conditions
• Business Central
• LS Retail
• CCQ
• SpendSenze
• GreenSenze
• Timian
• Tollvís
• Kjarni
• Rúna
• Microsoft Fabric
• Brynhildur
• Rubrik
• Veeam

Products and services

• Business Central Microsoft Dynamics 365 Business Central cloud ERP connecting finance, sales, service, and operations for Icelandic businesses, implemented by Origo as a Gold Microsoft partner with 30+ years of experience.
• Kjarni Comprehensive HR and payroll system covering the entire employee lifecycle from hiring to retirement, designed for Icelandic employers with local labor-market and compliance requirements.
• Rúna Launavakt Smart salary market monitoring solution providing Icelandic employers with up-to-date market salary information based on fresh data from partner companies.
• CCQ Comprehensive quality management solution for managing improved workflows and ensuring compliance with standards, laws, and regulations, built on decades of quality management expertise for Icelandic companies.
• SpendSenze AI-powered procurement analytics that automatically scans invoices and identifies waste, price increases, and over-purchasing in company spending.
• GreenSenze Automated solution, developed in joint venture with KPMG, for calculating and monitoring the carbon footprint of company purchases to support sustainability reporting.
• Tollvís Customs software that uses AI to find correct customs tariff codes, automates customs clearance, and minimizes manual work in import/export processes.
• Timian Procurement and requisition solution connecting buyers and suppliers in a transparent, efficient online marketplace environment.
• Microsoft Fabric data platform service Data platform service leveraging Microsoft Fabric to unify data from different systems and enable AI-powered analytics and faster, more informed decision-making for Icelandic organizations.
• Viðskiptagreind (Business Intelligence) Business intelligence service providing real-time dashboards and reports across finance, accounting, purchasing, and inventory using Power BI and related data tools.
• Vigor Icelandic energy and business solution developed over a decade in collaboration with energy companies and insurance firms, adapted to Icelandic conditions.
• Brynhildur recovery service Recovery service providing fast and reliable recovery of systems and data, with access to backup specialists and customized reporting for preventive improvements, complementing Origo's backup services.
• Afritunarþjónusta (Backup services) Backup as a service with automated monitoring, incident response, geographic data separation across two Icelandic data centers, and recovery testing, built on Rubrik, Veeam, IBM, and Predatar technology.
• Örugg hýsing og rekstur (Secure hosting and operations) ISO 27001 certified hosting and IT infrastructure management for organizations of all sizes, including service desk, ITIL-based service management, and optional 24/7 coverage.
• Notendaþjónusta (User services) First-class technical support for end users and devices, including help desk, remote support, on-site service, access management, device management, antivirus, and security patching.
• Stafræn vegferð (Digital Journey) Digital transformation consulting service providing strategy, development, and implementation of websites, e-commerce platforms, mobile apps, self-service solutions, and design services for Icelandic businesses.
• Secure AI Operations in Iceland Service enabling Icelandic organizations to run their own AI models in a closed, secure hosting environment within Iceland, keeping data under customer control.

Quantifiable outcome

• Online sales growth from tens of millions to several billion ISK for Ofar e-commerce solution
• +4 more outcomes

Named customers21 records

Segments8 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability12 records

Feature10 records

Partnerships

17 partnerships are on record, tiered core and minor.

• MavencoreStrategic or Co-development Partner · 9 April 2026Origo completed the acquisition of Maven ehf., which specializes in business intelligence, AI solutions, and smart dashboard development. Maven has grown rapidly since its founding in 2021 and is a leading player in Iceland for data infrastructure and data utilization for major Icelandic companies and institutions. Maven brings advisory expertise in data-driven transformation and digital solutions.
• ArmorTextcoreStrategic or Co-development Partner · 6 February 2026ArmorText and Origo entered a partnership to offer sovereign-capable secure communications solutions for the Icelandic market. The partnership enables ArmorText's Sovereign Edition secure communications platform to be deployed in Iceland through Origo's local infrastructure. This addresses infrastructure sovereignty scenarios where services face legal or physical cutoffs due to geopolitical disruptions. Origo serves as the local hosting and deployment partner.
• DatalabcoreStrategic or Co-development Partner · 1 January 2026Origo signed an agreement to acquire Datalab, Iceland's leading company in data science and AI. Datalab has been helping companies and institutions transform data into practical solutions that improve operations and increase competitiveness for the past decade. The acquisition creates one of Iceland's strongest teams in data and AI.
• LenovominorOthersLenovo research (in partnership with Opinium, surveying 250 IT decision-makers in Germany, Italy, Norway, Sweden, UK, and UAE) mentions deployments at Responsible Compute in Iceland. Origo is referenced as operating in the Icelandic data center ecosystem alongside Responsible Compute, suggesting a tangential technology ecosystem relationship through Lenovo's sustainability and infrastructure solutions.
• MicrosoftcoreTechnology or IntegrationOrigo is a Microsoft partner for Azure, Dynamics 365 Business Central, Microsoft 365, Power Platform, Microsoft Fabric, Teams, Copilot, and Viva Engage. As an authorized Microsoft partner, Origo resells, implements, and manages Microsoft cloud solutions. The partnership includes multiple integrations: LS Retail, Unimaze, Continia, and Tasklet Factory are shown as Business Central integration partners. Origo holds Microsoft certifications including Azure Administrator Expert, Azure Developer Associate, and Azure Solutions Architect Expert.
• RubrikcoreTechnology or IntegrationRubrik is one of Origo's backup technology partners for delivering backup as a service. Rubrik's platform is used in Origo's backup infrastructure alongside Veeam and IBM solutions.
• VeeamcoreTechnology or IntegrationVeeam is a backup technology partner used in Origo's backup and recovery services infrastructure.
• IBMcoreTechnology or IntegrationIBM is referenced as a backup technology partner (IBM logo shown in backup services section) and IBM storage products are featured in Origo's events (IBM Storage User Group 2025). IBM has historical ties to Origo — Origo's predecessor companies trace roots to IBM's Iceland operations dating to 1949.
• KPMGcoreStrategic or Co-development PartnerGreenSenze is a joint venture between Origo and KPMG offering an automated carbon footprint analysis solution for company purchases. This partnership leverages KPMG's sustainability expertise with Origo's technology development capabilities.
• LS RetailcoreTechnology or IntegrationLS Retail is a key Business Central integration partner providing retail-specific add-ons (point of sale, inventory management, restaurant management) for Icelandic retail clients. LS Retail is listed as an integration partner on the Business Central page.
• TimeXtendercoreTechnology or IntegrationTimeXtender is used in Origo's data transformation projects (e.g., Bláa Lónið) for data management and data warehouse automation alongside Azure and Power BI.
• Power BIcoreTechnology or IntegrationPower BI is a core analytics and visualization platform used across Origo's customer base for real-time dashboards and business intelligence.
• KKÍ (Körfuknattleikssamband Íslands)minorStrategic or Co-development PartnerOrigo signed a partnership agreement with KKÍ (Icelandic Basketball Federation) for digital solutions. The partnership aims to improve services, simplify communications, and make information more accessible. Origo will develop a new KKÍ website and simplify key processes including member portals and digital membership changes.
• SyndiscoreStrategic or Co-development PartnerSyndis and Origo's security solutions merged under the Syndis brand in 2021. Syndis is an Icelandic cybersecurity company and one of Origo's group companies under Skyggnis. Syndis co-sponsors the Gagnaglíman cybersecurity competition for Icelandic youth and has co-hosted cybersecurity workshops with Origo.
• DataLabcoreStrategic or Co-development PartnerDataLab (now being acquired by Origo) is a leading Icelandic data science and AI company. DataLab has helped companies and institutions transform data into practical solutions. Together with Maven, Datalab's expertise in AI and data science strengthens Origo's ability to help Icelandic organizations leverage data and AI.
• Metall Design StudiominorImplementation/ SI/ Consulting PartnerMetall Design Studio partnered with Origo on design for digital solutions. Origo and Metall collaborated on interface and functionality design for digital solutions, combining Origo's technical expertise with Metall's design capabilities.
• SkyggniscoreStrategic or Co-development PartnerOrigo is part of the Skyggnis group of companies, which includes Origo, Syndis, Helix, Aftra, Corus, Datalab, and Advise. These companies together form a technology community of approximately 350 specialists in software development, infrastructure, and technical services. The new headquarters at Dalvegur 30A brings all Skyggnis group companies together.

Scale indicators4 records

Recent moves11 records

Expansion highlights5 records

Broad incumbents

• CGI Group: Global IT and business consulting services firm with strong Nordic presence (acquired Logica) and broad enterprise application services. Comparable in systems integration, managed services, and ERP/CRM implementation practices.
• Accenture: Global IT services and consulting giant with extensive Microsoft ecosystem practice (and joint venture Avanade) covering Dynamics 365, Azure, and enterprise transformation. Comparable in large-scale ERP implementations, managed services, and digital transformation consulting.
• Visma: Nordic enterprise software and SaaS powerhouse offering ERP, HR/payroll, and financial solutions across Scandinavia and the Nordics. Comparable to Origo in ERP and HR/payroll vertical software (Visma.net, Visma e-conomic, Visma Lön) but at much larger scale and broader geography.
• TietoEVRY (Tietoevry): Nordic-headquartered IT services and software company serving enterprise, public sector, and financial services across the Nordics. Comparable in managed services, application services, and digital transformation consulting, with overlapping Microsoft Dynamics and ERP capabilities.
• Insight Enterprises: Global IT solutions and services provider with deep Microsoft partnership delivering cloud, data platform, and managed services to enterprises. Comparable in Microsoft-centric services portfolio (Azure, Fabric, Copilot) and hardware/software distribution model.

Direct peers

• Avanade: Joint venture between Accenture and Microsoft focused exclusively on Microsoft ecosystem services (Azure, Dynamics 365, Microsoft 365, Copilot, Fabric). Most direct global comparable for Origo's Microsoft-centric ERP and data practice, though operating at substantially larger scale.
• Atea: Nordic IT infrastructure and services provider delivering hardware, managed services, cloud, and consulting across the Nordics and Baltics. Comparable to Origo in IT infrastructure services, Microsoft ecosystem delivery, and managed-services business model.
• Advania: Icelandic-headquartered IT services and solutions provider (now part of Advania Group with Nordic footprint) that competes head-to-head with Origo in Microsoft implementation, managed services, and hosting for Icelandic enterprises. Most direct comparable in terms of size, geography, and customer base.
• Columbus A/S: Denmark-based global IT services and consulting company specializing in Microsoft Dynamics 365 (Business Central, Finance & Supply Chain), ERP, and digital commerce. Direct comparable in Microsoft Business Central implementation, retail extensions, and Nordic enterprise customer base.

Regional players

• Pyramid Group: Nordic IT services and consulting firm specializing in Microsoft Dynamics, ERP, and business intelligence. Comparable in ERP implementation and Microsoft-centric delivery model, primarily serving the Norwegian market rather than Iceland.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/origoiceland
• Facebookfacebook.com/OrigoIceland

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries14 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 Origo