Cybercom was founded in March 1995. The fundamental idea was to create a competent consultancy company with the best consultants in the industry.
Since its start, Cybercom has focused on growth. The growth has occurred through organic growth as well as through strategic acquisitions. Cybercom was listed on the NASDAQ OMX Nordic Exchange in 1999.
Key milestones
1995 – Cybercom is founded.
1996 – Cybercom’s Stockholm office opens. Its first customers include Telia.
1998 – The company employs more than 200 persons.
1999 – Cybercom works on mobile services and is quoted on the O list of the Stockholm Stock Exchange (now the NASDAQ OMX Stockholm exchange) in December. The company employs 270.
2000 – Cybercom focuses on services aimed at the telecom and finance sectors.
2001 – Cybercom establishes operations in Denmark that concentrate on e-business solutions. The company employs 300.
2002 – Cybercom acquires Stratum Project Management with operations in financial solutions and with Reuters as its largest customer and thus establishes presence in the UK. Sony Ericsson grants global application management responsibility for its portal.
2003 – Cybercom acquires Consafe Infotech and gains a strong telecom-services position in the Öresund region. In conjunction with the acquisition, the JCE Group and J Christer Ericsson, personally, become major Cybercom shareholders. The company employs 375.
2004 – Cybercom reinforces its position in the telecom market and in selected technologies. Among other achievements, it is chosen as a partner in SIMS, an EU research project,for development of mobile services and 3G applications. The company employs 358. Sales rise 26% to SEK 391 million. Operating profit totals SEK 17.6 million.
2005 – Cybercom acquires Netcom Consultants, which operates in telecom management. The acquisition gives Cybercom additional offices in Singapore and these major international customers: Millicom and Tele2. The company employs 414. Sales rise 19% to SEK 466 million. Operating profit totals SEK 34.7 million.
2006 – Cybercom starts a joint venture with Datamatics Ltd in Bombay, India. In December, Cybercom phases out its Norwegian operation. The company employs 481. Sales rise 15% to SEK 536 million. Operating profit totals SEK 50.9 million..
2007 – Cybercom acquires Varchar and auSystems in Denmark, Poland, and Sweden. The auSystems acquisition more than doubles Cybercom’s sales and staff. In May, Patrik Boman takes over as president and CEO of the company. The company employs 1,262. Sales rise 105% to SEk 1,099 million. Operating profit totals SEK 104.2 million.
2008 – In January Cybercom acquires Plenware, a Finnish IT consultancy with about 550 employees and operations in China, Estonia, Finland, and Romania. In April, Cybercom acquires Nexus Consulting – a security consultancy, which included key skills in security. Cybercom opens an office in Chengdu, China, and a sales office in Dubai, UAE. In October, Cybercom sells its UK operation. The company employs 1,982. Sales rise 62 % to SEK 1,781 million. Operating profit totals SEK 156 million.