Upgraded People increases sales to SEK 1,850 million in 2025

Upgraded People increases turnover to SEK 1,850 million in 2025 – strengthens positioning through strategic framework agreements and exclusive assignment for the Swedish Tax Agency.

Consulting agency Upgraded People reports revenue of SEK 1,850 million for 2025, an increase of 6.9 percent compared to the previous year. The growth comes in a year characterized by cautious investments and pressured consulting markets.

At the same time, the company has won several strategically important framework agreements in both the private and public sectors. Most significant is the new agreement with the Swedish Tax Agency, where Upgraded People becomes the exclusive partner for consultancy brokerage of IT and AI expertise. The framework agreement extends over 2 years with the possibility of a 1 + 1 year extension and has a ceiling volume of SEK 5.55 billion.

– 2025 has been a year where many players have struggled with reduced demand and severe price pressure. The fact that we are growing and winning deals of this size at the same time shows that our model is working.

Growth in a wait-and-see market

The consulting agency market has been characterized by longer decision-making processes and increased cost control during the year, especially in technology and digitalization. Despite this, Upgraded People has increased its turnover to SEK 1,850 million, driven by:

• Deeper customer relationships in the private and public sectors
• Increasing demand for specialist expertise in IT and AI
• Effective matching between clients and qualified consultants

The company’s focus on quality-assured processes and long-term collaborations has been crucial in a market where secure delivery and regulatory compliance have become increasingly important.

Exclusive framework agreement with the Swedish Tax Agency

The new agreement with the Swedish Tax Agency means that Upgraded People will have overall responsibility for the placement of IT and AI consultants within the agency. The agreement covers a ceiling volume of SEK 5.55 billion over the agreement period.

The Swedish Tax Agency is in an intensive digital development phase with increased demands for automation, data analysis and AI-based solutions. The agreement provides the agency with a unified and quality-assured delivery model for critical expertise.

– Becoming the exclusive partner of the Swedish Tax Agency in IT and AI mediation is a great trust. It places high demands on us, but it is also proof that we have the capacity and structure to handle assignments of national importance.

Several strategic framework agreements

In addition to the agreement with the Swedish Tax Agency, Upgraded People has secured several new and renewed framework agreements in both the private and public sectors during the year. These strengthen the company’s position as a leading player in qualified consultancy brokerage.

Overall, the agreements provide a stable platform for continued growth, even in a market that is expected to be selective in 2026.

Upgraded People is named Mästargasell 2025

During the year, Upgraded People was also named Mästargasell 2025 by Dagens Industri, an award given to companies that have demonstrated strong and sustainable growth over time. The award confirms the company’s long-term development and financial stability.

– Becoming a Master Gazelle is proof that our growth is not temporary, but is built on structures, relationships and consistent work year after year. It strengthens the image of Upgraded People as a safe and long-term partner, both for customers and consultants.

Looking ahead

Looking ahead to 2026, the focus is on continued profitable growth, operational efficiency and meeting the increasing demand for cutting-edge expertise in IT, AI and digital transformation.

– Our ambition is clear. We will continue to grow, but we will do so with control. The right business, the right expertise and the right partnership.

About Upgraded People

Upgraded People is one of Northern Europe’s fastest growing companies in skills supply and strategic staffing. We offer tailor-made solutions that match the right skills with the right context – always with people at the center. Our clients are in both the public and private sectors, and we deliver resources in Sweden, Germany, Norway and Denmark. With over 1,200 consultants on assignment, we help organizations achieve their goals and visions in a sustainable way.