Sitevision continues to grow together with IK Partners

Sitevision is Sweden’s most popular CMS for websites and intranets since 2009, according to the independent analysis company Web Service Award. In Sweden, Sitevision is used by more than half of the municipalities, while the number of customers in the private sector has increased steadily in recent years.

Strengthens the position in the Nordic region

Sitevision is now investing in expanding internationally and bringing in a partner to step up. In an initial phase, Sitevision will strengthen its position in the Nordic region among public and private operators and then scale up its international presence.

After a process in which the company met several potential partners, the choice fell on IK Partners, which has specialised in internationalising and developing technology-oriented growth companies. IK Partners acquires its stake from the founders Anders Korsvall, Karl Eklöf and Niclas Hedlund, who continue to be majority owners and active in the company.

– We have been developing Sitevision for twenty years. With IK Partners, we gain important experience and expertise to take the next step. Their core values are consistent with ours and they have both a local presence in Sweden and an international platform," says Anders Korsvall, CEO of Sitevision and continues:

– IK Partners has made successful journeys with similar companies to ours. Together, we will develop and establish Sitevision internationally so that we can continue to be the best platform for our customers. We want to fulfil our brand promise 'Tell your world' for customers all over Europe," says Anders Korsvall, CEO of Sitevision.

Rapidly changing market

The CMS market has changed rapidly in recent years and communicating effectively with customers and employees has never been more important. In collaboration with the founders, IK Partners will continue to invest in the company’s technical platform, further strengthen its position among public and private customers in Sweden and drive expansion in the Nordic region and internationally.

– Sitevision has built up an outstanding reputation in Sweden as a supplier of a safe, user-friendly and highly capable product offering. We look forward to working with the team to further develop the company’s offering and to expanding into nearby markets," says Carl Jakobsson, Director at IK Partners.

EY was the exclusive Corporate Finance advisor to the three co-founders of Sitevision. Law firm Delphi was a legal advisor.