2023 Marks Another Record-Breaking Year for Ongoing with a 25% Organic Growth

CEO's Insight on Market Dynamics and Expansion

Although overall growth has slowed slightly due to an economic downturn and inflationary pressures on companies, investments, and capital, team Ongoing stays strong in the market for warehouse management systems. CEO Fredrik Einarsson shares his thoughts:

“Ongoing has continued to grow in the market for cloud-based warehouse systems despite a much tougher market climate over the year. The position in the Nordic market has been further strengthened. In addition to continued growth in Sweden, many customers from Denmark and Norway have been added. The growth rate outside Sweden continues to be greater than within Sweden. More and more customers are finding their way to Ongoing and have continued investing in our software service together with the company.”

Operational Milestones and Investments

Some key figures for the year include Ongoing WMS processing over 32 million orders, the addition of 8 new employees to the team, over 60% of customers utilizing scanning to minimize errors, and nearly 5,000 active integrations.

“The software ecosystem of Ongoing is one of our most important unique selling points compared to other WMS offerings”, Einarsson continues. “As we gain a larger market position in various markets, we also continue to build Europe's largest ecosystem around a warehouse system together with our customers and both existing and new partners. This, in combination with offering very competent WMS functionalities, enables us to assist companies in enhancing their logistics operations, whether they manage them in-house or through outsourced solutions.”

During the year 2023, significant investments have also been made in software development, operations, and security for Ongoing WMS. Security is and always has been a top priority for Ongoing and its service.

Recognition and Future Projections

Mentionworthy, Ongoing was awarded the DI Gasell distinction for 2023 by Dagens Industri, marking its 5th(!) win since 2008. The DI Gasell Award recognizes Sweden's most rapidly growing and profitable companies, underscoring significant business achievement within the Swedish business community and only earned by a few select hundred businesses a year. Since 2000, only 16% of the awarded companies have sustained their titles three times or more, showcasing what a remarkable achievement it is for Ongoing to maintain such an exceptional level of consistent growth and financial stability.

Going forward, Ongoing expects at least 25% growth for the year of 2024 and continues to make heavy investments in improving the service and creating value for its customers. "Ongoing has an organization and a service offering that are well-equipped to further help customers connect and simplify their logistics. In Sweden, in the Nordics, and globally. I am confident that we will continue to experience strong growth,” Einarsson concludes.