Vitec Software Group AB engages in software business solutions. Its activities include development and distribution of software products in a range of industries. The firm operates through the following segments: Environment and Estate Agents, Real Estate, Energy, Education and Health, Auto and Finance and Insurance. The Environment and Estate Agents segment refers to the business systems solutions for estate agents. The Real Estate segment offers business systems services for construction and real estate companies. The Energy segment provides business segment for forecasting wind power, electricity, and heating needs, as well as for the technical management and maintenance of distribution networks. The Education and Health segment provides business systems for electronic medial records handling for healthcare. The Auto segment is the business systems solutions provided for the automotive sector with support for sales, purchasing, stock control, invoicing, accounting and payroll administration. The Finance and Insurance segment refers to the business systems for the finance and insurance industry, as well as standardized software for tax calculations, pension calculations and housing calculations. The company was founded by Bernt Olov Sandberg and Lars Emanuel Stenlund in 1985 and is headquartered in Umeå, Sweden.