Upgraded People AB added just under 1,500 consulting services in 2023, which is almost a doubling compared to 2022. We can now note that the trend continues into 2024, where during the first quarter of the year we increase business volume compared to the same comparison quarter in 2023 by a full 80%.

We see that the strong growth in the number of consultancy positions that we noted in 2023 continues during the start of 2024, where we increase business volume by 80% in the first quarter. The strong increase is partly due to a focus on strong growth industries such as defense, energy and the automotive industry, but also to continued success in procurements against the public sector, where we win several major procurements. However, the biggest growth factor is the trust that the market shows us and that we continue to take market shares in both the private and public sectors, says Birgitta Hedegård, CEO of Upgraded People AB.

By combining the power of execution with innovative thinking and groundbreaking ideas, we strive to generate value at every level for individuals, organizations and society as a whole. For us, it is crucial to create long-term and beneficial partnerships that go beyond simple contact mediation. We strive to create the perfect conditions for growth and customer experience. I would like to express my deep gratitude to all employees, customers and partners for their invaluable contribution to the company’s fantastic growth journey and look forward to the continuation of 2024 with great confidence, concludes Birgitta.

For more information:

www.upgraded.se

CEO, Birgitta Hedegård

birgitta.hedegard@upgraded.se

About Upgraded

Upgraded offers the market tailored solutions to meet the unique needs and wishes of its clients, we have a focus on services that lead the digital transformation forward to sleeplessly take on the challenges and opportunities of the future. Upgraded’s clients are found in both the public and private sectors with resource deliveries in Sweden, Norway and Denmark. Turnover for 2023 amounted to just under 1.1 billion sek.

The consultancy recruitment firm Upgraded People has won one of the largest public sector procurement contracts in Sweden relating to the provision of IT and AI expertise. The contract, known as the “IT Consultancy Brokerage” scheme, has a maximum value of 5.55 billion kronor and runs for two years, with the option to extend for a further 1 + 1 year. Upgraded People is the only supplier to have been awarded a framework agreement.

The agreement covers not only the Swedish Tax Agency, but also the Swedish Enforcement Authority, the Election Authority, the Payment Authority and the Tax Law and Research Tax Board. The Swedish Tax Agency acts as the contracting authority for all parties, and both the Swedish Tax Agency and the Swedish Enforcement Authority will sign separate but identical framework agreements.

A strategic investment in the digital public sector of the future

The background to this procurement is the need for a flexible and effective skills provision that supports the Swedish Tax Agency and other public authorities in their priority areas for development. Digitalisation, automation and a high level of information security are key to ensuring that interactions with the public are straightforward, secure and legally sound.

One particular area of focus is artificial intelligence (AI), which the authorities regard as key to greater efficiency, innovation and legal certainty in the Swedish public administration.

Areas of expertise covered by the agreement:


• AI
• Analysis & Design
• Architecture
• Database development
• Management & Governance
• Systems development
• Safety
• Technology
• Test

This is an important milestone for Upgraded People. Being entrusted as the sole supplier in a procurement process of this scale confirms the strength of our approach and our ability to deliver the right expertise at the right time. We look forward to contributing to the digital development of the Swedish Tax Agency and other public authorities, particularly in the areas of AI and automation, which will play a crucial role in the public services of the future.

About Upgraded People

Upgraded People is one of Northern Europe’s fastest-growing companies in the field of skills provision and strategic staffing. We offer bespoke solutions that match the right skills to the right context – always putting people first. Our clients are in both the public and private sectors, and we provide resources in Sweden, Germany, Norway and Denmark. With over 1,100 consultants on assignment, we help organisations achieve their goals and visions in a sustainable way.

Upgraded People AB continues its strong growth journey and once again delivers a record month in May with a turnover of 156 Msek, which is the highest turnover for a single month in the company’s history. Compared to May 2023, this means that turnover increases by a whopping 77.7%.

New business and assignments

We continue to win exciting tenders and are awarded many new assignments in both the public and private sectors. Looking at the private sector, it is still primarily in the banking, finance and insurance, energy and automotive segments that things are moving the most. Having said that, we are also noticing a dawning optimism in other industry segments. The pattern we can see in the market is a continued great need for niche and new skills, not least linked to AI. There is also a distinctive feature from both the public and private markets where societal benefit creates demand. In the public sector, we continue to take market share through increased trust from government agencies, municipalities and regions. We are proud of how we are continuously strengthening our positions in the Nordic market.

We also see proof that we are doing the right thing in the very high level of loyalty from our existing customer base, where we are consistently met with positive words and increased trust. We also notice the effects of an increasingly strong brand in that we continuously receive more exciting inquiries from the market where customers reach out for an initiated collaboration.

We will continue to work with our conviction that the results of our successes are based on our commitment to building valuable partnerships. By combining the power of execution with brilliant thoughts and groundbreaking ideas, we create value for individuals, organizations and society at large. For us, it is not about facilitating connections but about creating the conditions for growth and digital innovation. I would like to express my deep gratitude to all of our outstanding employees, customers and partners who make this fantastic growth journey possible.

I look forward to the rest of 2024 with great confidence, says Birgitta Hedegård, CEO of Upgraded People AB

For more information:

www.upgraded.se

CEO, Birgitta Hedegård

birgitta.hedegard@upgraded.se

About Upgraded

Upgraded offers the market tailor-made solutions to meet the unique needs and wishes of its clients, we have a focus on services that lead the digital transformation forward to sleeplessly take on the challenges and opportunities of the future. Upgraded’s clients are found in both the public and private sectors with resource deliveries in Sweden, Norway and Denmark with over 1000 consultants on assignment. Turnover for 2023 amounted to just under 1.1 billion sek.

Upgraded People AB is one of Sweden’s fastest growing B2B companies. This is evident when Upsales in its Revenue Ranking Journal 2024 again lists the B2B companies with a turnover of over 100 million SEK with the best growth.

Upgraded People AB is one of 112 companies, out of a total of over 48,000 B2B companies in Sweden with at least 10 employees, that qualified for the list and passed the strict requirements regarding turnover and growth. Companies that have shown rapid growth (>30%) in 2022 and positive turnover growth in the last three-year period qualify for the Growth List.

Companies included in the ranking had to meet the following criteria:

• Over 30% revenue growth in 2022.
• Over 100 MSEK in revenue in 2020, 2021 and 2022.
• Positive revenue growth in 2020, 2021 and 2022.
• Have a significant B2B offering in Sweden.
• Headquartered in the Nordics

-We at Upgraded People AB are proud to announce that we are one of Sweden’s fastest growing B2B companies and thus take a place on the Revenue Journal Rankings list. One of the criteria is a growth of at least 30% in 2022 where we managed to achieve no less than 44.44% so it is not only that we are one of the 112 companies in Sweden that meets the criteria, we also do it by a wide margin. This is proof of our strong growth and our commitment to delivering value to our customers, says Birgitta Hedegård, CEO.

In 2022, Upgraded People AB, as mentioned above, achieved growth of 44.44%, which contributed to the qualification for this ranking, but the company is not resting on its laurels. This is how CEO Birgitta Hedegård comments on the award.

-We look forward to continuing our growth journey and building on our successes. This ranking motivates us to continue striving for excellence and to deliver the best possible solutions to our customers. We are grateful for the recognition from Upsales and look forward to further strengthening our position as a leading player in the B2B sector. Our success is a result of our exceptional team and their tireless work. We have consistently strived for innovation, quality and customer satisfaction. Our team has demonstrated an outstanding ability to adapt to market changes and to drive growth through strategic initiatives and strong leadership. We would like to thank our employees, customers and partners who have contributed to this success. Together, we look forward to an even more successful 2024 and beyond.

About Upsales

Upsales is one of the largest CRM companies in the Nordic region with a focus on B2B. Every year they rank Sweden’s fastest growing B2B companies through the Revenue Journal Ranking, where companies must have a turnover of over 100 million SEK. In the 2024 ranking, which includes over 48,000 Swedish B2B companies with more than 10 employees, Upgraded People AB was placed 74th.

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Upgraded People AB are experts in the placement of consultants with a specialization in the IT area. Upgraded was started in 2010 and is currently established in 5 locations and has over 1000 consultants engaged in assignments across the Nordic market. Turnover for 2023 amounted to just under 1.1 billion.

Upgraded continues its strong growth journey during the second quarter of this year and has a turnover of 840 million sek during the first 6 months of the year, which means a growth of 79.2%. We can also proudly announce that during the second quarter of this year we have been identified by Upsales as one of Sweden’s fastest growing B2B companies.

New business and assignments

During the first half of the year, we have been awarded several new exciting assignments in both the public and private sectors. If we look at the private sector, it is primarily in the banking, finance and insurance, energy and automotive segments that there is the most activity. In the public sector, we have continued to gain market share with increased trust from government agencies, municipalities and regions. Among other things, we have welcomed the municipalities of Landskrona and Eslöv, PTS and Södertörn as new customers during the year. If we look at technology areas, AI and IT security are the areas that have had the strongest growth in inquiry volumes.

We are seeing the effects of an increasingly strong brand in that we are continuously receiving more exciting inquiries from the market where people are reaching out for an initiated collaboration. We are also seeing a general increase in demand, especially from the private side, while the public side continues to struggle with its budget space, even though some authorities are indicating some additional funding in the second half of the year.

Upgraded’s position in the market continues to strengthen and we have high ambitions for the future. We ensure continued strong growth by attracting new customers while gaining increased trust from our existing customer base. In today’s competitive market, it is important to continuously update the service portfolio so that we can offer the market a refined delivery at any given time and need. I would like to express my gratitude to all our employees, customers and partners who make this fantastic growth journey possible and look forward to the rest of 2024 with great confidence, says Birgitta Hedegård, CEO of Upgraded People AB.

About Upgraded

Upgraded offers the market tailor-made solutions to meet its clients’ unique needs and desires and has a focus on services that lead the digital transformation forward to sleeplessly take on the challenges and opportunities of the future. Upgraded’s clients are found in both the public and private sectors with resource deliveries in Sweden, Norway and Denmark with over 1000 consultants on assignment. We provide the right resource at the right time to enable our clients’ goals and visions for the benefit of the individual, organizations and society.

For more information:

www.upgraded.se

CEO, Birgitta Hedegård

birgitta.hedegard@upgraded.se

Upgraded has won a framework agreement procurement for consulting brokerage services with Almi AB. The agreement extends over four years with a ceiling volume of 400 MSEK.

-It is fantastic to welcome Almi AB as a new customer and that we continue to win procurements in both the private and public sectors, says Birgitta Hedegård, CEO of Upgraded People AB.

Within the framework of the agreement, Upgraded will bring together competent consultants with Almi’s needs for qualified services in organizational analysis and development, change management, process development, strategic management and follow-up, operational review and development, and project management with regard to organizational changes.

We have a fantastically diverse team of consultant brokers and are experts in sourcing consultants based on each client’s unique requirements and needs. We are already one of Sweden’s largest consultant brokers and through this deal we continue our growth journey and strengthen our position in the market both in Stockholm and the rest of the country, continues Birgitta.

The framework agreement will enter into force on 2024-07-01 and Upgraded is one of two suppliers that have been awarded.

For further information, please contact:

Birgitta Hedegård, CEO, Upgraded People AB, Birgitta.hedegard@upgraded.se,

About Almi AB

Almi AB is 100 percent owned by the Swedish state. In addition to the parent company Almi AB, the group consists of 16 regional subsidiaries.

The regional subsidiaries are 51 percent owned by the parent company and 49 percent by regional owners. This part of the group mainly conducts advisory and lending activities.

Almi also includes the wholly owned subsidiary Almi Invest AB, with eleven wholly and partly owned subsidiaries that conduct venture capital activities.

Upgraded People AB are experts in the placement of consultants with a specialization in the IT area. Upgraded was started in 2010 and is currently established in 5 locations and has over 1,000 consultants engaged in assignments across the Nordic market. Sales for 2023 amounted to just under SEK 1.1 billion.