Sigma AB#Sigma Software

In 1993 Dan Olofsson purchased the technical consulting department of tech company Sapia and renamed it Sigma. Three years later the company employed 600 people and was listed on the Stockholm Stock Exchange.{{Cite web |date=2022-05-12 |title=De har parerat kundtapp och krig – Daniels och Niklas bolag firar 20 år med en kvarts miljard i omsättning |url=https://www.smp.se/vaxjo/de-har-parerat-kundtapp-och-krig-daniels-och-niklas-bolag-firar-20-ar-med-en-kvarts-miljard-i-omsattning/ |access-date=2023-07-11 |website=Smålandsposten |language=sv |last=Persson |first=Johan}}

By 1999 Sigma had grown in size to 5 000 employees in seven countries and a turnover of 1.4 billion SEK. The company struck a deal with Ericsson, becoming a "strategic partner" while expanding into wireless communications solutions.{{Cite web |date=1999-12-11 |title=Sigma köper två Internetbolag |url=https://www.dn.se/arkiv/ekonomi/sigma-koper-tva-internetbolag/ |access-date=2023-05-12 |website=Dagens Nyheter |language=sv}} In 2008 Askerö Utveckling offered to buy the company at 6.9 SEK per share for a total valuation of 599 million SEK. At the time Dan Olofssons holding company was a major shareholder controlling 31% of the shares.{{Cite news |date=2008-03-27 |title=Bud på Sigma |language=sv |work=Dagens Nyheter |url=https://www.dn.se/ekonomi/bud-pa-sigma/ |access-date=2023-05-12}}

Sigma AB was listed on the Stockholm Stock Exchange Small Cap list and NASDAQ OMX. On 8 May 2013, Sigma requested that the company be delisted from NASDAQ OMX on 21 May that same year, after Danir AB acquired over 95% of the shares in the company. At the same time, Danir requested that the remaining shares be compulsorily redeemed. Since then, the company has been a wholly-owned subsidiary of Danir AB, which the Olofsson family owns.{{Cite news |last=Heirn |first=Pontus |date=20 February 2018 |title=Sigma brädar börskonsulter |pages=10 |work=Dagens Industri |language=sv}} At the time, the company had 1400 employees.{{Cite news |last=Satz |first=Lotta |date=21 February 2013 |title=Dan Olofsson lägger bud på hela Sigma |pages=25 |work=Sydsvenskan |language=sv}}

The company was first split into three businesses in 2001.{{Cite news |last=Ericson |first=Niklas |date=4 May 2001 |title=Sigma siktar på att tredubbla styrkan |work=Sydsvenskan |language=sv}} Among the specific engagements the company started after 2001 was a 2008 arrangement with AstraZeneca to outsource clinical trial data management, thereby reducing need for personnel at its U.S. headquarters in Delaware, which was in line with data management trends in the pharmaceutical industry at the time.{{Cite news |last=Eder |first=Andrew |date=13 June 2008 |title=AstraZeneca announces outsourcing in two departments |edition=Final |page=B6 (28) |work=The News Journal |url=https://www.newspapers.com/article/the-news-journal-az-outsources-from-two/125606225/ |via=Newspapers.com}} Noteworthy also were a 2009 arrangement with BTG Instruments AB to outsource technical documentation;{{Cite news |date=8 September 2009 |title=Swedish Sigma signs technical documentation deal with BTG |agency=ADP News Nordic |url=http://link.gale.com/apps/doc/A209175854/STND?u=wikipedia&sid=bookmark-STND&xid=0b56c84f |access-date=30 May 2023 |via=Gale OneFile: News}} a 2011 win of a competitive contract to run IT functions for a new Swedish subsidiary of the Finnish energy firm Fortum;{{Cite news |date=18 January 2011 |title=Swedish Sigma wins EUR 5.6m IT outsourcing deal at home |agency=ADP News Nordic |url=http://link.gale.com/apps/doc/A246805692/STND?u=wikipedia&sid=bookmark-STND&xid=1581182f |access-date=30 May 2023 |via=Gale OneFile: News}} and winning a contract competition to provide software services for an upgrade project for the public transport systems of Stockholm County.{{Cite news |date=18 May 2011 |title=SWEDEN : Contract for IT software development services awarded to Sigma AB. |work=Tendersinfo News |url=http://link.gale.com/apps/doc/A256710405/STND?u=wikipedia&sid=bookmark-STND&xid=98811593 |access-date=30 May 2023}}

In 2010, Sigma acquired the Swedish peer competitor Cypoint, a firm established in 1996 with 100 employees across three Swedish sites.{{Cite news |date=16 August 2010 |title=Swedish Sigma makes EUR 18.4m buy at home |agency=ADP News Nordic |url=http://link.gale.com/apps/doc/A234563654/STND?u=wikipedia&sid=bookmark-STND&xid=26fdf73a |access-date=30 May 2023 |via=Gale OneFile: News}} In 2013, Sigma acquired a part of Sony Mobile and renamed it Sigma Connectivity.{{cite news|url=https://www.sydsvenskan.se/2013-05-23/hjarnan-bakom-jatteaffaren|title=Hjärnan bakom jätteaffären|work=Sydsvenskan|date=23 May 2013|last=Holm|first=Niklas|language=sv}} In 2014 the company was structured into six business areas: Sigma IT Consulting, Sigma Connectivity, Sigma Industry, Sigma Civil, Sigma Software and Sigma Technology.

In 2006 Sigma AB bought a controlling stake (60%) in Kharkiv-based Ukrainian IT-company Eclipse for 8,7 million SEK.{{Cite web |date=2006-04-27 |title=Köp i Ukraina lyfter Sigma |url=https://www.gp.se/1.1202905 |access-date=2023-07-11 |website=Göteborgs-Posten |language=sv |first=Lars |last=Gunnar Wolmesjö}} By 2014 the company had grown to 500 employees and new offices were opened in Kyiv, Warsaw and Silicon Valley.{{Cite web |title=Warszawa nästa för Sigma |url=https://it24.idg.se/2.2275/1.580606/warszawa-nasta-for-sigma |access-date=2023-07-11 |website=IT24 |language=sv |first=Joakim |last=Arstad Djurberg}} At the eve of the Russian invasion of Ukraine activities were temporarily shuttered, pending evacuation and relocation of employees, growing the Lviv office and opening several new local branches in Western Ukraine.{{Cite web |title=Nu öppnar Sigma Software sitt Kiev-kontor igen |url=https://computersweden.idg.se/2.2683/1.766319/nu-oppnar-sigma-software-sitt-kiev-kontor-igen |access-date=2023-07-11 |website=Computer Sweden |language=sv |first=Joakim |last=Arstad Djurberg}} A few hundred employees were relocated within Europe, mostly to Hungary and Poland. The company, employing 2 000 workers including 150 consultants, reported resumption of normal activities within two months of the invasion.{{Cite web |date=2022-04-25 |title=Sigma utökar i Ukraina – mitt under kriget |url=https://www.sydsvenskan.se/2022-04-25/sigma-utokar-i-ukraina--mitt-under-kriget |access-date=2023-07-11 |website=Sydsvenskan |language=sv |last=Frostberg |first=Thomas}}

In 2023, Sigma AB entered the top 200 companies in terms of revenue in 2022.{{cite web |url=https://opendatabot.ua/c/index/it |title=Рейтинг кращих компаній IT (Айті) України за виторгом у 2023 році |trans-title=Rating of the best IT companies of Ukraine by sales in 2023 |access-date=October 28, 2023 |language=uk}}

{{Reflist}}

• [http://www.sigma.se Sigma AB Official website]

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Category:Information technology companies of Sweden

Category:Swedish companies established in 1986

Category:Companies based in Malmö

Category:20th-century establishments in Malmöhus County