twoday Due Diligence

Run due diligence on twoday: check compliance and get alerts when suppliers change.

Denmark · www.twoday.com · 8 vendors

twoday is a Nordic technology and IT consulting company specializing in applied AI, advanced engineering, data, software, and cloud solutions. The company provides services in software engineering, data & AI, digital experiences, and business applications to private and public sector organizations. Established in 2022 from Visma's consulting business, twoday aims to drive digital transformation for its clients across the Nordics and Lithuania.

Resilience scores

Technology vendors

Services catalogue

8 services in catalogue across 4 categories; runs on 8 sub-vendors.

Insights

Last updated 2026-09-13 · revision 2

8 direct vendors, 152 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

10 in-scope frameworks identified; showing 3.

ISAE 3000 (source) — No public evidence

Evidence: https://www.twoday.com/trustcenter/governance, https://www.twoday.com/trustcenter, https://www.iaasb.org/publications/international-standard-assurance-engagements-isae-3000-revised-assurance-engagements-other-audits-or, https://www.finanstilsynet.dk/en

NIS2 (source) — No public evidence

Evidence: https://www.twoday.com/trustcenter/security, https://www.twoday.com/trustcenter, https://www.twoday.com/services/cloud-platforms-and-security, https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32022L2555, https://www.cfcs.dk/en/cybersecurity/nis2/

Cyber Resilience Act (source) — No public evidence

Evidence: https://www.twoday.com/products, https://www.twoday.com/services/software-engineering, https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32024R2847, https://digital-strategy.ec.europa.eu/en/policies/cyber-resilience-act

Financials

Three-year financials

Financial Resilience Score: 7/10

Twoday demonstrates solid financial resilience, supported by its scale in the fragmented Nordic IT services market (~€390m revenue, 2,300-3,000 experts) and significant margin expansion. Despite essentially flat revenue growth in 2025 (+0.9%), the company grew adjusted EBITDA margin from ~11.3% to 16.4%, well above the guided 13-15% range, indicating disciplined cost management and a favorable mix shift toward higher-value data/AI work. Core business revenue grew 8.2% to €340.1m, showing underlying business strength masked by the winding down of non-core activities. The company benefits from elite technology partnerships (Microsoft Inner Circle top 1% globally, Databricks Gold Partner, Snowflake Elite, top-tier AWS), a diversified customer base spanning public sector and private enterprises, and strong private equity backing from Axcel providing capital for consolidation and long-term investment. However, the 2025 revenue growth missed the 5-10% guided range, reflecting Nordic macro caution and consulting industry cyclicality. Limited public financial transparency (no EBIT, net income, equity, or leverage figures disclosed) and typical PE-backed capital structure risks temper the score, as does M&A integration risk from multiple acquisitions and brand consolidations.

Key strengths: Significant EBITDA margin expansion from 11.3% to 16.4% adjusted in 2025, Scale as one of the larger Nordic IT-consulting groups (~€390m revenue), Elite technology partnerships (Microsoft Inner Circle, Databricks Gold, Snowflake Elite, AWS), Diversified customer base across public and private sectors, Private equity backing from Axcel provides long-term capital, Core business grew 8.2% to €340.1m in 2025, ~700 data & AI specialists across the group

Risk factors: Revenue stagnation - only +0.9% growth in 2025, missing 5-10% guidance, Consulting industry cyclicality and exposure to discretionary IT spend, M&A integration risk from Kaito acquisition and Nordic brand consolidations, Talent competition and wage inflation in hot AI-talent market, Limited public financial transparency (no EBIT, net income, or equity disclosed), Currency risk - reports in EUR while costs/revenue in DKK, SEK, NOK, Growing gap between reported and adjusted EBITDA suggests ongoing one-off costs, Headcount variance (2,300 vs 3,000) may indicate 2025 rightsizing

Revenue by product/service

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