Zobito invests over 33 million SEK in StormGeo and Automic, supported by expertise from QlikTech to drive growth and innovation.

Information on the Target

Zobito has made strategic investments exceeding 33 million SEK in two prominent software companies, StormGeo and Automic, both of which are owned by EQT. This investment comprises 13 million SEK allocated to Automic and 20 million SEK designated for StormGeo. Alongside financial backing, these companies will benefit from invaluable insights and expertise in board and management practices provided by the team behind QlikTech, renowned as one of Sweden's most successful IT ventures.

Industry Overview in Sweden

The software industry in Sweden is a vibrant and rapidly evolving sector, with a robust ecosystem supporting innovation and growth. With a strong emphasis on technology and digital transformation, Sweden has fostered a conducive environment for software development and investment. The presence of several leading tech firms and startups has bolstered the country's reputation as a significant player in the global software market.

In recent years, the demand for software solutions has surged, driven by the increasing digitization of businesses and the rising dependency on data-driven decision-making. Sweden's well-educated workforce, coupled with strong gover