Solita Company Profile

Background

Established in 1996 in Tampere, Finland, Solita is a leading technology, data, and design company specializing in digital transformation. The company operates across nine European countries: Finland, Sweden, Denmark, Estonia, Germany, Belgium, Norway, Poland, and Switzerland. With a workforce of over 2,000 professionals, Solita offers a comprehensive range of services, including strategic consulting, service design, software development, AI & analytics, and managed cloud services.

Key Strategic Focus

Solita's strategic focus centers on enabling organizations to leverage data, cloud services, and AI to drive innovation and growth. The company emphasizes delivering end-to-end solutions that encompass data strategy, advanced analytics, software development, and cloud infrastructure. By combining technology, data, and human insight, Solita aims to create lasting impact for businesses and societies.

Financials and Funding

In 2023, Solita reported pro forma revenues of €237 million, achieving healthy double-digit organic growth. The company has experienced consistent growth, with revenues reaching €91 million in 2018 and an estimated €110 million in 2019. In June 2018, the global private equity firm Apax Digital Fund acquired a majority stake in Solita to accelerate its international growth.

Pipeline Development

Solita's growth strategy includes strategic acquisitions to enhance its service offerings and market presence. Notable acquisitions include:

Ferrologic Group (2019): A digital services consultancy operating in Sweden, Denmark, and Belgium, specializing in data-driven digital transformation.

Sparks AB (2019): A data consultancy firm based in Sweden, focusing on business intelligence solutions.

Palmu (2017): A service design agency in Finland, enhancing Solita's capabilities in service design.

Intellishore (2022): A data analytics and strategy consultancy in Denmark, expanding Solita's presence in the Danish market.

Commentor (2022): An IT consultancy in Denmark, further strengthening Solita's Danish operations.

Future Mind (2023): A digital transformation consultancy in Poland, marking Solita's entry into the Polish market.

Technological Platform and Innovation

Solita's technological platforms and innovations include:

Solita FunctionAI: A secure, modular large language model (LLM) platform that ensures data security, controls costs, and facilitates the development of accelerators across various business functions.

Generative AI Studio: Established in May 2023, this studio focuses on leading the development and transition to AI-powered ways of working, including projects like the Gen AI Twin with ISS.

Cloud Partnerships: Solita has strong partnerships with leading cloud service providers, including Microsoft Azure, Google Cloud, and Amazon Web Services, enabling the delivery of advanced cloud-based solutions.

Leadership Team

Solita's leadership team comprises:

Ossi Lindroos: President and CEO, leading the company's strategic direction and growth initiatives.

Mikko Varhe: Chief Financial Officer, overseeing financial operations and strategic financial planning.

Saana Nurminen: General Counsel, responsible for legal affairs and compliance.

Competitor Profile

Market Insights and Dynamics

The digital transformation market is experiencing rapid growth, driven by the increasing need for organizations to adapt to technological advancements and data-driven decision-making. Companies are seeking partners that can provide comprehensive solutions encompassing data strategy, AI, cloud services, and software development.

Competitor Analysis

Solita's key competitors include:

Siili Solutions: A Finnish company specializing in digital transformation services, including software development and design.

Vincit: A Finnish public company offering software development and design services.

Futurice: A Finnish company providing digital transformation services with a focus on software development and design.

These competitors operate in similar markets, offering overlapping services in digital transformation, software development, and design.

Strategic Collaborations and Partnerships

Solita has established several strategic collaborations and partnerships to enhance its service offerings and market reach:

Crosser: Partnered to enable seamless, next-generation hybrid data integration and smart automation across edge and cloud environments, improving operational efficiency and delivering actionable real-time insights.

Technology Partnerships: Solita has strong partnerships with leading technology providers, including Microsoft, Google, Amazon Web Services, Snowflake, Semarchy, MuleSoft, and Tableau, enabling the delivery of advanced solutions to clients.

Operational Insights

Solita's operational strategy focuses on:

Geographical Expansion: Entering new markets, such as Poland and Switzerland, to broaden its European presence.

Service Diversification: Enhancing service offerings through strategic acquisitions and partnerships to provide comprehensive digital transformation solutions.

Employee Engagement: Fostering a positive work environment, as evidenced by a record-high Employee Net Promoter Score of 77 in 2023, placing Solita among the top 5% of technology companies in Europe.

Strategic Opportunities and Future Directions

Solita is well-positioned to capitalize on the growing demand for digital transformation services by:

Leveraging AI and Data Analytics: Expanding capabilities in AI and data analytics to offer innovative solutions to clients.

Strengthening Cloud Services: Enhancing cloud service offerings through partnerships with leading providers to deliver scalable and secure solutions.