Exsitec investment


Annualized revenue growth


Digital Business Services

Standout holding period

Aug 2017 - Nov 2021


Linköping, Sweden

"The reason I recommend Standout when I get asked; they gave me a foundation to dare to grow faster, they provided insights on the financial world and tools, they trusted me to run the business, they encouraged me to develop as a leader & person - even though we have had different opinions in some situations, we always felt like partners - never as a majority/minority "

Johan Kallblad, CEO

About Exsitec

Exsitec is a leading IT service provider in the Nordics, delivering business-critical IT solutions based on third-party software. Founded in 2000, Exsitec today employs around 500 FTEs across 20 offices in the Nordics with a headquarter located in Linköping, Sweden. With strong and longstanding partnerships with software developers, the company sells a variety of best-of-breed software mainly related to CRM, ERP and business intelligence. Exsitec adds value to customers by providing implementation, integration, and support services. They have a rigid and growing customer base with over 4 000 clients in the Nordics, primarily in the SME segment.

Revenue (mSEK)

Investment Story

Standout saw substantial growth potential for Exsitec. A need for companies to invest in digitalization coupled with an unusual scalability in Exsitec’s business model and a proven leadership team were factors supporting a strong investment case. Standout supported Exsitec’s outlined strategy and saw an opportunity to raise the growth ambitions organically as well as by doing targeted add-on acquisitions.


– Established a joint growth agenda with the owners that was successfully integrated within the company
– Organic growth primarily driven by a continuous increase in the trainee program
– Completed 8 successful acquisitions
– Optimized the business model, resulting in an increase of recurring revenue by over 500% during Standout’s ownership, now representing around 30% of Exsitec’s total revenues
– Successful IPO in Q3 2020 followed by three sell-downs in 2021