There are 4 Companies in Sweden
that provide Due Diligence Services!

While the European IT market has its own business, rules, and environment, the North-European countries seem to set a competition within the region that’s different from what we see regularly. In this system, Sweden plays probably the biggest role. Out of all Nordic countries - Denmark, Finland, Norway, Sweden, the last one has a 41% market share in the regional IT sector, due to the considerable number of companies that invest in IT. 

And going digital was no mistake for Sweden, as companies like IKEA, Skype, Spotify, Utorrent, Ericsson, and several others are global brands and titans of the old web. 

Why you should work with Swedish companies

But the old web is not the same, and the times have changed in the favor of most flexible and fast-adapting IT companies. In 2020, people are still chatting via Skype, listen to music in Spotify, and make use of Peer To Peer systems like Utorrent is. 

However, Sweden’s IT market is far beyond these companies, and right now 12,000+ IT companies and web agencies from Sweden are performing high-quality digital services for both internal market and foreign companies that seek a digital transformation of their business. 

In other words, Swedish companies can offer the entire spectrum of IT services for good quality and excellent project management. The main task remains to find one that fits your business best. 

What you should be aware of when working with Swedish IT companies

The sector of services, and especially the IT branch has become more expensive all over the world. Sweden is not an exception, but considering that the prices in Sweden are already higher compared to the rest of the European countries, possible you may face financial difficulties to cover the comfort of services Swedish IT companies and web agencies provide. 

But on the other hand, you may save time working with Swedish companies, since they are known for its time-efficient services. 

How reliable are Swedish IT companies

In the North-European countries, on-time delivery is a standard. This standard is also available for the IT industry and the service range it covers. Swedish companies are certainly among the most reliable in the world. But, what potential clients should be aware of in this case, is experience, service range, number of professionals, and focus area. 

To put it in another way, if a company has a focus on developing apps, it will do on a lower level other types of IT services. This is why we encourage studying and have a look at a company’s portfolio and do research about how many projects and what types of services the company provided lately. 

You can find detailed information about each company on their profile page here on Tech Behemoths, or, you can visit directly their website. 

How does the Swedish IT industry relate to the neighboring countries

Looking back at the top, we mentioned that 41% of the entire Nordic IT market is covered by Sweden. At least this is what Business Sweden website reveals. 

Compared to Norway and Denmark, Sweden spends twice as much in developing businesses on the web level.  In 2019 only, Sweden invested more than 20 bn Euros in this direction, while Denmark and Norway put 12 and respectively 8 bn Euros in the same field. 

Nonetheless, all Nordic countries benefit from a strong IT industry and a well-established infrastructure ready to support the IT sector in the development process and attract new clients on their sides.  But so far Sweden managed to reach the level of the most attractive IT hub in the region. 

All in all, in Sweden you can find almost everything you need for your web or application development, marketing, design, and anything in between. The real challenge still remains to choose the best partners based on criteria you consider the most important.  

Due diligence services are like thorough investigations that help businesses make informed decisions. They assess risks and opportunities when entering into partnerships, acquisitions, or other critical business transactions.

Many IT companies offer due diligence services, specializing in analyzing technology, data security, and compliance aspects of potential business ventures. Notable IT companies providing due diligence services include Deloitte, KPMG, and Ernst & Young (EY).

Due diligence service providers use a combination of tools and technologies to assess various aspects of a business. These may include data analytics platforms, cybersecurity tools, compliance management software, and financial modeling software. They also leverage document management systems and communication tools for efficient collaboration during due diligence processes.

Due diligence and audit services share similarities in their examination of the financial and operational aspects of a business. However, they differ in scope and purpose. Due diligence is typically conducted before entering into a business transaction to evaluate the potential risks and rewards. In contrast, audit services are often part of ongoing financial reporting and compliance requirements within a business.

Due diligence services are closely related to other advisory and consulting services, including:

• Financial Advisory: Providing financial insights and recommendations.

• Cybersecurity Assessment: Evaluating a company's cybersecurity posture.

• Mergers and Acquisitions (M&A) Consulting: Assisting in the strategic aspects of M&A transactions.

• Compliance Consulting: Ensuring adherence to industry regulations and standards.

Selecting the best IT company for due diligence services requires evaluating their expertise, industry knowledge, track record, and the comprehensiveness of their due diligence process. Seek providers who can tailor their services to your specific industry and transaction type.

Due diligence service providers are essential for various projects, including:

• Mergers and Acquisitions: Evaluating the financial health and potential risks of target companies.

• Investment Assessments: Analyzing potential investments in startups or new ventures.

• Partnership Agreements: Assessing the suitability and risks of partnering with another organization.

• Regulatory Compliance: Ensuring adherence to data protection and industry-specific regulations.

Conducting due diligence is essential for businesses of all sizes and industries. Some examples include private equity firms, which need to assess potential investments and portfolio companies; startups, which must evaluate the feasibility and risks of new business ventures; large corporations, which conduct due diligence on acquisitions and strategic partnerships; and financial institutions, who ensure compliance and risk management in lending and investments.

The cost of due diligence services can vary significantly based on the scope and complexity of the project. Factors such as the size of the target company, industry regulations, and the depth of analysis required influence the price. In the US, costs can range from a few thousand dollars to millions for complex M&A transactions. UK and Australian costs can be similar but may also vary depending on regional factors and the specific nature of the project. It's advisable to obtain quotes and assess the value provided by service providers before proceeding with due diligence.