Summer is finally here, and that much-needed vacation is approaching.
The first half of 2021 has been eventful. To give you an insight into the market and the things that have happened at Cinode during the past six months we have put together a summary of key events.
First and foremost, we are incredibly proud of all our fantastic employees, users and customers. During the first half of the year, we have, among other things:
In terms of the market, the consulting industry has gained momentum in both Sweden and Finland. After a standstill period in the industry, Consulting companies are starting to hire again and profitability is rising. It is evident that the market is moving onward and upward.
This also applies to acquisitions. In our updated table that covers all the acquisitions within Swedish companies, there have been 75 acquisitions so far this year (where Knowit’s acquisition of Cybercom is one of the largest!), which is much higher than in the previous year.
The number of self employed consultants decreased last year, but all signs point towards an upcoming increase. Building a network of freelancers and partners, and having access to external specialist expertise, is an important key to continued growth and increased delivery rate. The consulting buyers now also rank the consulting suppliers according to their access to specialist competence, regardless of the form of employment.
We are very proud of our features Partner and Network, which provide organisations with a powerful search engine that makes it super easy to find partners, build networks and source new skills. A growth engine in your consulting company!
The digital maturity in the consulting industry remains low. Only one in ten consulting companies has come a long way in their digitisation process (do not miss our webinar with Per Defalva for further insights about the industry and an in-depth analysis of the digital maturity (in swedish). However, this creates great opportunities for the companies that want to be at the forefront. I believe that we will see a number of new business and delivery models, as well as digitised processes, that allow the consulting companies to scale their business in completely new ways.
Finally, I want to wish you all a wonderful summer!
I myself spend most of the time at the country place out on Ljusterö in the Stockholm archipelago. Something I enjoy doing during my free time is listening to podcasts. Looking for inspiration, ideas, advice? I recommend that you have a listen to Konsultpodden (in swedish). This spring we have had a number of amazing guests, including representatives from the customer side. A personal favorite is our episode with Jesper Börjesson who talked about what it was like to go from TV and media (working at TV4 as a TV-show host) to the consulting industry.
This fall, great things are coming – rest assured!
Know, Show and Grow your Skills!
Wishing you all a happy summer!
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Mattias Loxi, Co-Founder / CMO
Mattias Loxi, Co-Founder / CMO
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