Formpipe Sverige AB Due Diligence
Run due diligence on Formpipe Sverige AB: check compliance and get alerts when suppliers or ownership change.
Sweden · owned by STG (Symphony Technology Group) (United States) · www.formpipe.com · 10 vendors
Formpipe is a Scandinavian software company specialising in document management, case management, and compliance solutions primarily for the public sector. Its products — including Platina, Acadre, W3D3, and TAS — help government agencies and public institutions manage workflows, digital signing, e-services, and long-term archiving. The company operates across Sweden, Denmark, and Norway, and works closely with Sikri (a sister company under shared ownership by STG) to serve the broader Scandinavian public sector market.
Resilience scores
- Digital Sovereignty: 70
- Digital Resilience: 7
- Financial Resilience: 8.5
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Services catalogue
4 services in catalogue across 2 categories; runs on 10 sub-vendors.
- Document Management
- Formpipe Citi
- Acadre
Insights
Last updated 2026-02-02
10 direct vendors, 148 subvendors
Direct vendors by controlling owner country (sample)
- United States: 7
- Australia: 2
- United Kingdom: 1
Subvendors by controlling owner country (sample)
- France: 5
- Brazil: 1
- Japan: 2
Financials
Three-year financials
- 2022: revenue 563.3 MSEK, EBIT 120.2 MSEK, equity 610.9 MSEK
- 2021: revenue 490.1 MSEK, EBIT 104.7 MSEK, equity 545.9 MSEK
- 2020: revenue 419.8 MSEK, EBIT 88.5 MSEK, equity 480.9 MSEK
Financial Resilience Score: 8.5/10
Formpipe's financial resilience is very strong, underpinned by a successful strategic shift to a SaaS model where recurring revenue now constitutes 84% of total software revenue. This provides high revenue predictability and stability. The company maintains a robust balance sheet with an equity ratio of 54%, indicating low debt levels and a strong capacity to fund growth or absorb shocks. Operational efficiency is high, evidenced by consistent EBIT margins exceeding 20% and positive operating cash flow. The business model is well-diversified between a stable, non-cyclical public sector base and a high-growth private sector segment. While there is some geographic concentration in the Nordics, the low capital intensity of the software model allows for significant financial flexibility.
Key strengths: High-quality recurring revenue (84% of software revenue), Strong equity ratio of 54%, Consistent EBIT margins above 20%, Low capital intensity and high cash flow conversion, Balanced public and private sector customer base
Risk factors: Geographic concentration in the Nordic markets (Sweden and Denmark), Concentration in the public sector (60% of revenue)
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