Nitor continues to deliver with 18.2% revenue growth in 2018
Jun 19, 2019, 2:46 PM
Nitor, who operates in Helsinki and Stockholm, expanded its enterprise architecture and artificial intelligence services by acquiring ATK Helsinki and starting a new business unit Nitor Insight. The revenue grew 18.2% compared to 2017, reaching 25 million euros. The profit for the financial year was 3.2 million euros.
Nitor founded the new business unit, Nitor Insight, at the beginning of 2018 to offer even broader consulting and research services that utilize data, artificial intelligence, and machine learning. Nitor continued to grow its operations in October 2018 when it acquired ATK Helsinki to strengthen its data science and enterprise architecture services.
“Nordic companies are investing in digitalizing their businesses more than ever, which also creates new ways to utilize artificial intelligence and data. We want to develop our services to support current and upcoming needs of our clients,” says Nitor’s CEO Matti Vilmi.
Along with expanding its business, Nitor is continuously developing the company culture. The team of digital engineers has grown fast in recent years. Today, Nitor employs more than 200 professionals. The company has been chosen as the best place to work in Finland twice in a row, and it was also selected as the third best place to work in Europe in June.
”We are constantly seeking for new colleagues, but we are only willing to grow when we find the best possible talent,” Vilmi says.
During the past few years, Nitor has developed its services especially around digital design, mobile development, and coaching and training. The demand for service design and user experience has also continued to increase.
Recently, Nitor was acknowledged in Tivi’s list of 250 biggest ICT companies in Finland (2019) based on revenue. Nitor took the 123rd place, rising nine positions from last year.
Nitor also gained the highest possible score in Finnish IT publication Tivi’s TE rank (10) and 85/100 from Kauppalehti’s Menestyjäpiste (success score), which takes into account the company’s financial capacity.
Matti Vilmi, Nitor
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