Trifork Due Diligence
Run due diligence on Trifork: check compliance and get alerts when suppliers change.
Switzerland · trifork.com · 19 vendors
Trifork Group AG is an international IT group that develops innovative software solutions and provides IT consulting services. The company focuses on digital transformation across sectors such as Digital Health, FinTech, and Smart Buildings. It also offers expertise in Cloud Operations, Cyber Protection, and Smart Enterprise.
Resilience scores
- Digital Sovereignty: 0
- Digital Resilience: 7
- Financial Resilience: 6
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Services catalogue
10 services in catalogue across 4 categories; runs on 19 sub-vendors.
- Digital platform development
- API management
- IT development and conversion
Insights
Last updated 2026-06-03 · revision 8
19 direct vendors, 233 subvendors
Direct vendors by controlling owner country (sample)
- Australia: 1
- Switzerland: 1
- Germany: 1
Subvendors by controlling owner country (sample)
- Netherlands: 4
- Ireland: 1
- Norway: 4
Compliance
5 in-scope frameworks identified; showing 3.
SOC 2 (source) — No public evidence
Evidence: https://trifork.com/work/cloud-operations/
HIPAA (source) — No public evidence
Evidence: https://trifork.com/work/digital-health/
NIS2 (source) — No public evidence
Financials
Three-year financials
- 2023: revenue EUR 211M, EBIT EUR 7M, equity EUR 147M
- 2022: revenue EUR 202M, EBIT EUR 10M, equity EUR 150M
- 2021: revenue EUR 178M, EBIT EUR 12M, equity EUR 150M
Financial Resilience Score: 6/10
Trifork demonstrates moderate financial resilience supported by diversification across multiple business areas (digital health, financial services, smart building, smart enterprise, cloud operations) and geographies spanning approximately 14 countries. The group's 'Build, Run, Invest' model provides some buffer through recurring software/run revenue streams, while the Trifork Labs portfolio occasionally delivers one-off liquidity events such as the notable Humio/CrowdStrike divestment in 2021 that materially boosted that year's net result. Equity base remains solid at around EUR 145-150M, providing a reasonable cushion. However, resilience is constrained by several vulnerabilities. The project-based consulting revenue is sensitive to client capex cycles, as evidenced by the sharp slowdown in 2023 due to softer Nordic IT spending and project deferrals. Margins have compressed from historical ~15-17% EBITDA to ~13-14% in 2023, and EBIT has declined materially over the three-year period. Acquisition-led growth carries goodwill/impairment risk that has already partially materialized, and net debt has grown to fund the M&A program. Earnings volatility from Trifork Labs and integration/earn-out obligations add further uncertainty. Management has responded with restructuring and cost actions, lowering guidance during 2023.
Key strengths: Diversified business model across health, finance, smart enterprise verticals, Geographic presence across ~14 countries, Recurring software/run revenue provides partial buffer, Solid equity base of ~EUR 145-150M, Trifork Labs portfolio offers occasional liquidity events, Founder ownership supports long-term strategic continuity
Risk factors: Project-based consulting revenue sensitive to client capex cycles, Margin compression from ~15-17% to ~13-14% EBITDA in 2023, Acquisition-led growth carries goodwill/impairment risk, Rising net debt from M&A program, Earnings volatility from Trifork Labs one-off events, Concentration in Nordic enterprise IT demand, Integration and earn-out obligations recurring in cash flow, Talent retention and billable utilization dependencies
Revenue by geography
- Denmark and Netherlands: 55%
- Other Countries: 45%
Revenue by product/service
- Digital Health: 0%
- Smart Building: 0%
- Cloud Operations: 0%
- Smart Enterprise: 0%
- Financial Services: 0%
Workforce by country
- Denmark: 0
- Netherlands: 0
- Switzerland: 0
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