On Tuesday, 20th April 2021 we are pleased to host our virtual TechITService Conference 2021. Pareto will present speakers from 40+ IT service companies and software vendors located in the Nordics and the DACH region - among them the German bellwether company SAP, which discusses with us the impact of its revised strategy (“Rise with SAP”) on their partner business in Germany. In addition, industry experts will present current “hot” topics shaping the IT industry such as GAIA X, IT Security, decarbonisation of the public transport sector, the digital Euro and other topics.
The megatrend “digitalization” has received a further boost from the current COVID-19 pandemic. The Software and IT Service industry is not only exhibiting above average growth rates and profitability, it also features a positive ESG profile, because the creativity of employees is the main resource for most IT products and services. Moreover, IT plays a crucial role in meeting the challenges of our time, such as the shift of many jobs to home offices last year, which would not have been possible without innovative IT solutions.
Accordingly, the share price performance of many Software and IT Service companies has again beaten the broader stock market in 2020 and 2021. In addition, we have seen a lively IPO activity in Scandinavia from the second half of 2020 until recently, which shows that investors continue to build on the innovative capabilities of young technology companies.