/Your friends at HiQ
Box 7421 103 91 Stockholm Sweden Visiting address: Regeringsgatan 20, 9 fl phone. +46 8 588 90 000 fax. +46 8 588 90 001
Brunnsgatan 38784 35 BorlängeSweden
tel: +46 589 845 00
HiQ STOCKHOLMHiQ MOBILEYES
Box 7421103 91 StockholmSwedenVisiting address:Regeringsgatan 20, 9 fl phone. +46 8 588 90 000 fax. +46 8 588 90 001
Norra Hamngatan 22 411 06 GothenburgSweden
phone. +46 31 743 91 00 fax. +46 31 743 91 01
Ideon Gateway, 9th fl.Scheelevägen 27223 70 Lund, Sweden
phone: +46 (0) 46 540 55 50
Drottninggatan 28371 32 KarlskronaSweden
phone: +46 768 800 801 fax: +46 455 300 205
CentralstationenJärnvägsgatan 1 582 22 LinköpingSverige
tel: +46 13 21 04 60fax: +46 13 21 04 61
Box 206732 24 ArbogaSweden
Visiting address: Gunnarsrovägen 2
phone. +46 (0 ) 589 845 00
Nyvej 17 B, 1.1851 Frederiksberg C Denmark
phone: +45 45 20 11 10
Stansargränd 4721 30 Västerås Sweden
phone: +46 589 845 00
Vaisalantie 602130 Espoo Finland
phone: +35 89 4355 860fax: +358 46 712 10 20
8th Tekstilschikov109129 Moscow Russia
phone: +7 495 987 4397fax: +7 495 987 4398
CONTACT INVESTOR RELATIONS
Fredrik MalmChief Financial Officer and Investor Relations ManagerTel: +46 (0) 8 588 90 000Mob: +46 (0) 704 200 email@example.com
Box 7421 SE-103 91 Stockholm Sweden Visiting address:Regeringsgatan 20, 9 fl
Peter HäggströmHead of corporate Communications
Tel: +46 (0) 8 588 90 000Mob: +46 (0) 704 200 firstname.lastname@example.org
Box 7421SE-103 91 StockholmSweden
Visiting address: Regeringsgatan 20, 9 fl
Peter Häggström Head of Corporate Communications
Welcome to HiQ's page for financial information.
Here you will find information about the HiQ share, financial reports, the financial calendar etc. HiQ is listed on NASDAQ OMX Stockholm’s midcap list. HiQ is a Nordic IT and management consultancy company focusing on high-tech solutions with clients in technology-intensive sectors. As a specialised consultancy company with expert skills in communications and software development, we develop both our clients’ technologies and their businesses. HiQ employs more than 1 300 people at offices in the Nordic Region and Russia.
Information regarding share split and share redemption 2013
The Annual General Meeting took place April 11th 2013 at HiQ's office at Regeringsgatan 20, 9 fl at 10.00 a.m.
HiQ's Annual Report 2012
More information and documentation below.
HiQ International AB is a Swedish, public limited liability company with its headquarters in Stockholm.
The company's governance is based on the Swedish Companies Act, articles of association, the obligations associated with its listing on the NASDAQ OMX Nordic Exchange Stockholm, the Swedish Code of Corporate Governance and other applicable laws and regulations.
The following is information about the development of HiQ shares, the company's 15 largest shareholders and key ratios per share, as well as a list of analysts who monitor HiQ.
For information about HiQ's operations, assignments, press releases, Investor Relations activities or if you would like to subscribe for annual reports, interim reports or press releases, please contact Peter Häggström.
For information about our financial position and key figures please contact Fredrik Malm.
The printed version of the Annual Report for the fiscal year 2012 is available at the HiQ website. Alternatively, contact the company by telephone +46 8 588 90 000 to order the Annual Report.
The documentation that was presented at the AGM is available at the company and at the company's website (three weeks before the AGM). The documentation was also sent to the shareholders who had registered to attend the AGM.
Annual General Meeting in HiQ International AB
Documentation to the AGM
Information regarding share split and share redemption
HiQ's nomination committee consists of Jan Andersson (Swedbank Robur fonder), Charlotta Faxén (Lannebo fonder), Björn Henriksson (Nordea fonder), Ken Gerhardsen and Anders Ljungh (Head of the Board). Jan Andersson is Charman of the nomination committee. For shareholders who wish to contact the nomination committee please contact us at Nomination Committee, HiQ International AB, P.O 7421, S-103 91 Stockholm, Sweden or send us an email at: email@example.com
Resolutions adopted at the AGM 28 March 2012:- Split and redemption of SEK 2.20 per share- New warrants programme for employees- Authorisation for the Board to issue a maximum of 5,000,000 new shares - Authorisation for the Board to repurchase own shares - Election of members of the board
Documentation to be presented at the AGM
Resolutions adopted at the AGM 28 April 2011:- Split and redemption of SEK 1.80 per share- New warrants programme for employees- Authorisation for the Board to issue a maximum of 5,000,000 new shares - Authorisation for the Board to repurchase own shares - Election of members of the board
Documentation to be presented at the AGMStatement of the Nomination Committee
Resolutions adopted at the AGM 25 March 2010:- Split and redemption of SEK 1.10 per share- New warrants programme for employees- Authorisation for the Board to issue a maximum of 5,000,000 new shares - Authorisation for the Board to repurchase own shares - Election of members of the board
Annual General Meeting in HiQ International AB Statement of the Nomination Committee Information regarding share split and share redemption
Resolutions adopted at the AGM 29 April 2009:
- Split and redemption of SEK 1.40 per share- New warrants programme for employees- Authorisation for the Board to issue a maximum of 5,000,000 new shares - Authorisation for the Board to repurchase own shares - Election of members of the board
Annual General Meeting in HiQ International AB Information to shareholders regarding sharesplit and compulsory redemption
Resolutions adopted at the AGM 30 April 2008:
- Split and redemption of SEK 1.30 per share- New warrants programme for employees- Authorisation for the Board to issue a maximum of 5,000,000 new shares - Authorisation for the Board to repurchase own shares - Election of members of the board Annual General Meeting resolutions Information regarding share split and share redemption
Resolutions adopted at the AGM 23 March 2007:
- Dividend of SEK 2.10 per share- New warrants programme for employees- Authorisation for the Board to issue a maximum of 5,000,000 new shares - Election of members of the board
Communiqué AGM 23 March 2007 (pdf)
Resolutions adopted at the AGM 27 April 2006:- Dividend of SEK 2.10 per share- New warrants programme for employees- Authorisation for the Board to issue a maximum of 4,900,000 new shares - Election of members of the board
Communiqué AGM 27 April 2006 (pdf)
Corporate governance includes a set of rules and a decision-making hierarchy designed to ensure the controlled and efficient management of the company's operations, in order to meet shareholders' requirements for return on invested capital. Increased openness and transparency provide good insight into the company's operations, which contributes to effective governance. Corporate governance in Sweden has traditionally been regulated by law. In addition, industry self-regulatory bodies regularly present various regulations relating to corporate governance.
Detailed information about the Swedish Code of Corporate Governance is available at www.bolagsstyrning.se. HiQ aims to achieve a high standard through the clarity and simplicity of its management system and governing documents. Governance, management and control of HiQ is divided between the shareholders at the AGM, the Board of Directors and the auditors in accordance with the Swedish Companies Act and the Articles of Association.
Bolagsstyrningsrapport 2012 (pdf)
Bolagsstyrningsrapport 2010 (pdf)
Bolagsstyrningsrapport 2009 (pdf)
Bolagsstyrningsrapport 2008 (pdf)
Bolagsordning för HiQ International AB (publ) (pdf)
The following guidelines concerning remuneration payable to officers of the company were accepted at the 2012 AGM:
The board of directors proposes that the guidelines accepted at the 2011 AGM should continue to apply unchanged. Remuneration paid to the CEO and others in the company's management shall consist of a fixed remuneration, possible variable compensation, pension and any other customary benefits. The total sum paid must reflect market levels of compensation and the terms and conditions of payment shall reward good performance as well as give equal incentive for both the shareholders and the individual.
Remuneration in the form of fixed compensation is to be paid in proportion to the officer's experience, responsibility and competence.
Variable compensation is to be paid in proportion to the officer's responsibility and competence. Additionally, compensation is to be both capped and based on the achievement of goals that correspond with shareholders' long-term interests. The variable compensation shall, whenever applicable, be based on quantitative and qualitative goals.
The company's cost for the variable compensation paid to the CEO and other company management is to amount to between zero and 100 per cent of the total sum of fixed remuneration paid, in line with goal-achievement.
The board proposes that the CEO and other company management in the same manner be given the right to participate in stock option plans as other staff and in accordance with the proposal the board submits at the AGM, as well as to receive any subsidised premium on the same terms as other HiQ employees.
HiQ offers its employees a premium-based pension scheme with the right to receive a pension payment from 65 years of age. Variable compensation paid is not pensionable. Retirement benefits are to be limited to 35 per cent of the amount of fixed compensation paid and to a maximum of approximately SEK 400,000 per annum and per employee.
Additional benefits provided by HiQ consist of conventional benefits given in accordance with local custom.
Termination of Employment and Severance Payment
With regard to the CEO, a mutual period of notice of six months will apply should either the company or the CEO choose to terminate the CEO's employment. Should the company choose to terminate the CEO's employment, a severance payment equivalent to ten month's salary is to be paid. Should the CEO choose to terminate his/her employment, then salary payable and other benefits are to be paid for a period of four months after employment ceases, during which time a non-compete clause will apply. In the case of the termination of the employment of other management, a mutual period of notice of three to six months will ordinarily apply.
The CEO determines the amount of remuneration payable to management. The amount of remuneration payable to the CEO is to be determined by the board.
The board may deviate from these guidelines in isolated cases if special reasons for doing so exist.
From 1998 to 2009 HiQ implemented a number of share programmes for its employees for the purpose of attracting, retaining and motivating staff members. The programmes are all based on subordinated debentures with detachable warrants. The programmes were divided into sub-programmes in order to allow warrants to be offered to new employees on an ongoing basis. The terms of the outstanding programmes are two and three years.
The following employees and members of the board are registered with Finansinspektionen, the Swedish Financial Supervisory Authority:Board: Anders Ljungh, Gunnel Duveblad, Ulrika Hagdahl, Erik Hallberg, Jukka Norokorpi, Lars Stugemo, Ken Gerhardsen and Johanna Fagrell Köhler.
CEO and other executives: Stefan Haag, Patrik Holm, Peter Häggström, Anna Jennehov, Anders Karén, Anna Kleine, Jerker Lindstén, Fredrik Malm, Anders Nilsson, Klas Nyström, Jukka Rautio, Bo Ringdahl, Lars Stugemo and Mikael Teng.
Auditors: Nicklas Kullberg and Maria Olsson.
The total number of outstanding shares in HiQ is 52 751 523 per 30 June 2012.
1) The Board has proposed to distribute, via a share split and mandatory redemption, an amount of approximately SEK 116 million (SEK 2,20/share) to the shareholders.
2) 2010 share split and distribution to shareholders of approx SEK 94 million (SEK 1.80/share)
3) 2009 share split and distribution to shareholders of approx SEK 57 million (SEK 1.10/share)
4) 2008 share split and distribution to shareholders of approx SEK 72 million (SEK 1.40/share)
5) 2007 share split and distribution to shareholders of approx SEK 66 million (SEK 1.30/share)
Fredrik MalmChief Financial Officer (CFO) and Investor Relations
Tel: +468-588 90 000Mob: +46704 200 firstname.lastname@example.org
P.O. 7421S-103 91 StockholmSwedenVisiting address:Regeringssgatan 20, 9tr
CONTACT CORPORATE COMMUNICATIONS
Peter HäggströmHead of corporate Communications
Tel: +468-588 90 000Mob: +46704 200 email@example.com
P.O. 7421S-103 91 StockholmSverigeVisiting address:Regeringsgatan 20, 9tr
HiQ IS AN IT AND MANAGEMENT CONSULTANCY FIRM SPECIALISING IN COMMUNICATIONS, SOFTWARE DEVELOPMENT AND BUSINESS-CRITICAL IT.
Together we create the company we always wanted to work for and that clients want to work with. We want to make people's lives simpler and to help our customers improve and streamline their operations. HiQ is proudly Nordic and is a consultancy firm in the truest sense of the term. We understand technology and how it can earn our clients money.
We provide strategic expertise through our extensive experience within seven areas of speciality: Telecom, mobility, simulation technology, business-critical systems, media, gaming and platforms, securities trading and IT for vehicles.
HiQ's aim is to provide the expertise our customers need by being a specialised consultancy firm with expertise in communications, software development and business-critical IT. Working closely with our customers in high-technology industries, we help them to enhance their competitiveness and profitability.
At present, we are more than 1, 300 employees in 11 offices across four countries delivering results to our customers every day. We value performance, responsibility and making difficult things simple. We also strive to add an element of joy to every project we are involved in. HiQ began in 1995 and has been listed on the OMX Mid Cap stock exchange for over 10 years. HiQ has multiple times been awarded the title Sweden's IT Consultant of the Year by magazine Veckans Affärer.
HiQ SIMPLIFIES EVERYDAY LIFE.
Simplicity has become the innovation of our age. It's easy to talk about simplicity, the difficult thing is simplifying. This is the challenge that our industry has been living with for a long time. Simplicity is a keyword that permeates all the work we do at HiQ to create services that will improve people's day-to-day life, for example making your tax return by texting. We believe that IT that simplifies equates with quality. Or like Leonardo da Vinci expressed it "simplicity is the ultimate in sophistication".
We live in a world in which innovative IT-based services and products have improved the everyday lives of people. We see for example how social media help to bring about the downfall of dictatorships, how communication channels evolve and how very valuable IT has become for individuals, companies and organisations.
We take on the challenges with enthusiasm and expertise. We listen to our clients. We are the specialists who can get to grips with the intricacies of technology and the clients requirements and there to propose the simple solution. As a result, we create services and products that improve and simplify people's lives right in the midst of the adventure that we call IT.
SPECIALISTS IN TECHNOLOGY, BUSINESS AND OPERATIONS.
Today, we submit our tax declarations via our mobile phones, read the newspaper on our tablets and stream our favourite music through our headphones. Technological development generates new products and services that shape our everyday lives and the way we live them.
We expect life's technological solutions to be easy to use and accessible 24-7. At HiQ, we help our customers to improve their technology, business and operations. This involves working with them to develop high-technology products and services and providing advice on how they can improve their competitiveness using cutting-edge technology.
HiQ is an independent advisor with our customers’ best interests at heart, without commercial ties to vendors, products or technologies. We improve our clients businesses and operations through the positions such as project leaders, system developers, architects, business developers, testers and user experience consultants.
WE WORK CLOSELY WITH OUR CUSTOMERS.
HiQ works with three delivery models and in-depth knowledge of our customer's operations to meet the increasing demands for efficiency and our customers' needs for quick response and expertise. We provide expertise for projects on-site with the customer and also undertake projects at our own facilities and through our development centre in Russia.
HiQ'S OPERATIONS ARE CONDUCTED THROUGH OUR VARIOUS SUBSIDIARIES.
We have offices in the Nordic region and Eastern Europe – from the Öresund Region in the south, to Stockholm and Helsinki in the north and to Moscow in the east.
From our offices in Sweden, Finland, Denmark and Russia, we offer specialised services within communications, software development and business-critical IT.
HiQ Stockholm is located in the heart of the Swedish capital and has some of the best views of the city available. With more than 400 employees, we create results and simplify for clients from other parts of the country, the region and around the world.
We help customers in segments such as telecom, defence and security, finance and insurance, industry and retail, gaming, entertainment and media and the public sector. We offer everything from strategy consulting, business development and software development to testing.
Our customers are not looking primarily for our resources and a few extra hands, but for our minds and innovative abilities. Although we work across many industries and supply a wide range of services, we are specialists with an in-depth understanding of the fields and domains in which we work. We understand the need to place technology within a context and how technology affects the people who work with it and our customers' business in general.
Simplicity is difficult to achieve, but for us it is a necessary way of approaching assignments to ensure we deliver useful and efficient solutions to difficult problems. It takes courage to step away from conventional thinking in order to seek better solutions to our customers' challenges. Employees at HiQ Stockholm are daring and creative team players. Could you be one of us?
HiQ Göteborg has been active in the heart of the technology-intensive Gothenburg region since 1998.
HiQ Gothenburg has over 300 specialists with expertise in fields such as software development (from start to finished product), quality management (especially testing and verification), qualified project management and business development, mobility and web development.
We are very flexible when it comes to forms of cooperation with our customers – we can work either at your location or at our own offices. We can participate in our customers' projects, or run an entire project either at your premises or at our offices.
Approximately two-thirds of our business is conducted on-site with our customers and the remainder at our offices, often in the form of project assignments. We have successfully carried out numerous projects at our offices and have extensive experience, expertise and structural investment in this form of working.
We are located in Arboga, Borlänge and Västerås and work with advanced IT development throughout the western Mälardalen region.
HiQ Mälardalen is one of the largest IT consulting company in the western Mälardalen region, with about 100 consultants. We work with systems development and project management in both product development and operations and we have successfully conducted complex development in our own premises for over 16 years. We are also a leader in quality assurance. We work both on site at the customer and with larger project commitments in our own premises.
We are operating in the region around Örebro-Västerås-Eskilstuna and in Borlange-Ludvika-Falun and some of our world leading clients are ABB, Atlas Copco, BAE Systems Bofors / Hägglund, Bombardier, FMV, FM, Partex, SEB, Transportation Board, Volvo and Westinghouse.
Today we see a strong demand for our services and are therefore on the look out for new talented consultants who want to work with systems development or project management in the IT field, preferably with experience from one or more of segments the automotive, defense or industry!
On the Swedish side of the technology and innovation-intensive Öresund Region, HiQ Skåne has been active since 2002.
We are a stable and expanding service company with about a hundred employees and have established ourselves as a leading partner both for highly specialised and innovative companies and for global industries. Successful turnkey projects completed for our local customers have allowed us to establish ourselves as an international player with clients in commerce, telecom, electronics, media, finance and medicin in both the European continent and in North America.
Our expertise extends from product development (e.g. embedded system for controlling electronics) to business support (complete systems for e-commerce). Accepting full responsibility for projects is just as common for us as providing expert consultants to work on-site with our clients. At our offices in Lund, we have centres for mobile application development, web services development and quality assurance.
At HiQ Karlskrona we have extensive know-how and experts on software development, quality assurance and leadership.
The company was established in 2004 when HiQ began operations at its own premises in Blekinge. The region is home to some of HiQ's most important contracted customers, like Telenor and Ericsson.
We work closely with our customers, developing their business, technology and operations. Some of our areas of expertise are:
IT and Business Solutions. We offer specialist competence within IT management, project management, system development, quality assurance, testing, web solutions, strategies and digital communication.
Mobile Solutions. The mobile trend has only just started and mobile devices and platforms are taking an increased role in our everyday life as well as in companies and organizations. At HiQ Karlskrona we offer mobile solutions to streamline your business and meet the needs of your customers.
Please contact us and let us tell you more over a cup of coffee!
HiQ Ace is located in Sweden's bustling, fourth-largest metropolitan region in Östergötland County.
We have provided software development expertise for the automotive, defence and telecom industries for a number of years, working together with world-leading clients from the region. HiQ Ace is now adding business-critical IT to our offering and helping our customers develop processes and IT support.
HiQ Ace is an entrepreneur-driven company that is growing fast. Our consultants are skilled at solving the most difficult of technical problems. On the other hand, it's in our nature to try not to complicate things unnecessarily, but to help each other and our customers to see what possibilities are available. Oh, and having fun is a fringe benefit when you work with HiQ!
HiQ's Russian office is located in central Moscow and has been running successful nearshore projects since 1999.
We specialise in all open mobile platforms, finance, gaming, entertainment and media. Our colleagues in Moscow have many years of experience handling development work for international clients and, needless to say, all our staff here speak English. We possess the same high level of quality awareness here at our nearshore centre as at all our other HiQ offices.
With our nearshore model, HiQ offers cost-effective solutions without compromising quality, budget or deadlines. HiQ's model offers a flexible solution in that we can assume full responsibility for projects with the help of a project coordinator from one of our local offices. We like to work using the agile Scrum method, but, naturally, are also happy to adapt and use whatever methods our customers prefer. This is outsourcing 2.0!
Copenhagen is one of northern Europe's largest cities and is characterised by a business community that boasts great breadth – from industry and energy to pharmaceuticals and financial services.
HiQ's gateway into this market is HiQ København. We help customers in a variety of industries by providing both local expertise and by acting as a local channel for the expertise of the HiQ Group's close to 1.300 employees.
We make the list of Denmark's best workplaces and our employees are characterised by vast experience and a desire to find effective solutions for our customers. Among our clients you find Siemens and Telenor.
Located in Espoo, in the heart of Finland's high-tech area just outside Helsinki, HiQ Finland specialises in challenging systems development projects, quality assurance, project management and consultancy.
The company is one of the oldest within the Finnish IT sector and consists of a highly experienced team of experts. Our core expertise lies in areas such as e-commerce solutions using mobile and web-based portals, business-critical systems, interactive gaming platforms, telecommunications systems, network services within telecom, and mobile applications.
With our unique understanding of business process integration and management, we help our customers get maximum value out of their existing IT environments. We have created innovative systems and solutions for a number of Finnish and international organisations. HiQ Finland also holds a strong position within quality assurance – with a complete offering that covers the entire process from strategy, methodology and management to implementation.
Address for HiQ Stockholm
Regeringsgatan 20 Box 7421103 91 Stockholm Sweden
tel: +46 (0) 8 588 90 000
Address for HiQ Göteborg
Norra Hamngatan 22 411 06 Göteborg Sweden
tel: +46 (0) 31 743 91 00
Address to the Arboga office
Gunnarsrovägen 2Box 206732 24 Arboga Sweden
tel: +46 (0) 589 845 00
Address to the Västerås office
Stansargränd 4721 30 Västerås Swedentel: +46 (0) 589 845 00
Address to the Borlänge office
Brunnsgatan 38784 35 Borlänge Sweden
Address for HiQ Skåne
Ideon Gateway, 9th fl. Scheelevägen 27223 70 Lund
tel: +46 (0) 46 540 55 50
Address for HiQ Karlskrona
Drottninggatan 28371 32 Karlskrona Sweden
tel: +46 (0) 455 617 627
Address for HiQ Ace
CentralstationenJärnvägsgatan 1582 22 Linköping
tel: + 46 (0) 13 21 04 60
Address to the Stockholm office
Mäster Samuelsgatan 17Box 7421103 91 Stockholm Sweden
Address to the Moscow office
8th Tekstilschikov 109129 Moscow
tel: +7 495 987 4397fax: +7 495 987 4398
Address for HiQ København
Nyvej 17 B, 11851 Frederiksberg C Denmark
tel: +45 45 20 11 10
OUR JOB IS TO MAKE BOTH THE INTEGRATION OF BUSINESS PROCESSES AND MANAGEMENT SIMPLE.
As specialists in challenging integration projects, we understand our clients' businesses and how we can create flexible solutions to help support them every step of the way.
Frends Technology was founded in 1988 in Helsinki, Finland, and is now part of the HiQ Group.
Our customer portfolio includes Neste Oil, YIT, Sanoma Uitgevers and Aktia. Our specialised team working for the energy sector assists a number of energy and power companies by providing industry-specific solutions, including business process consulting.
We have been moulded by twenty years of developing reliable software and providing inspiring innovation. Frends is the creator of the FRENDS integration tools used to facilitate the development, monitoring and management of integration solutions based on Microsoft technology.
Address for HiQ Finland
Vaisalantie 602130 EspooFinland
tel: +358 9 4355 860
Sound values.Our values have been a big part of what we are ever since we started more than 15 years ago. They are the very heart and soul of HiQ. We believe that by clearly communicating these values – results, responsibility, simplicity and joy – we can deliver optimum quality in all that we do and thus make sure that our clients are always fully satisfied. Sound values help to develop employees and the company’s structural capital in the best possible way. Our values are not well-worded declarations to be hung on the office wall; they are something that we are constantly aware of in our day- to-day work. Our values are a decisive competitive advantage for both HiQ and our customers.
A consulting company - plain and simple.We are a consultancy company in the truest sense, acting as an independent advisor that puts the best interests of our customers first. We do not develop our own products that compete with those of our clients. Instead, we devote ourselves one hundred per cent to satisfying our clients’ needs, without the constraints of any commercial ties to suppliers, products or technologies.
Quality, profitability and growth.Just as our name suggests, high quality is the foundation on which HiQ is built. Consistently delivering high quality generates satisfied clients. Satisfied clients make our operations profitable, and these profits then provide us with the opportunity to grow. Our priorities are quality, profitability and growth – in that order. It is a strategy that has clearly served us well. Since we started, our operating margin has averaged 15.3 per cent a year, with average annual growth of 24 per cent.
Specialists in technology, business and operations.We are a specialist consultancy company with a high degree of expertise in the fields of communication, software development and business-critical it. The skills we have gained from telecoms are shared with clients in all the other industries with which we work. At HiQ, we understand not only the technology but also the importance of technology for a business. By gaining a thorough insight into our clients’ business operations, we are able to use our expertise to identify the technology that will best improve each client’s competitiveness.
Knowledge transfer between industries.We take an active role in the process of transferring knowledge between our various clients’ respective industries. By doing this we make sure that our clients benefit from new impulses and from the technological and commercial expertise that exists in industries that are very different from their own. However, not only is the need for communication continuing to grow in an ever increasing number of industries, but more and more industries are also calling for our help and expertise in areas such as mobility and simulation.
A Nordic heart.HiQ is a consultancy company with roots in the Nordic region and a strong position in its domestic markets. Nevertheless, our international commitments are steadily increasing in terms of assignments for Nordic clients abroad as well as for non-Nordic companies.
Growth.Our growth strategy is to complement organic growth with strategic acquisitions. HiQ’s acquisition strategy is to strengthen the company’s geographical presence in the Nordic region and to acquire companies that add new competences to HiQ’s business. Acquisitions also strengthen HiQ by expanding our business operations to include new clients and new market segments. Our model for organic growth is based on developing current operations and recruiting locally at every HiQ office.
Management of HiQ.
Lars Stugemo, born 1961. President and CEO of HiQ International AB since 2 February 2000. M.Sc. Electrical Engineering, Royal Institute of Technology, Stockholm.Mikael Teng, born 1964. Business Development Manager, HiQ International. M.Sc. Computer Science, Royal Institute of Technology, Stockholm.Fredrik Malm, born 1974. CFO HiQ International AB. M.Sc. in Business Administration and Economics, Stockholm School of Economics.Anna Kleine, born 1973. Managing Director of HiQ Skåne AB. Bachelor of Science, Lunds Universitet.
Anders Nilsson, born 1970. Managing Director of HiQ Mälardalen AB. Electronics engineer.Bo Ringdahl, born 1959. Managing Director of HiQ Stockholm AB. Business Administration and law, Stockholm University.Peter Häggström, born 1976. Marketing and Information Manager HiQ International AB. Pedagogics and journalism, University of Gothenburg and University of Houston.Jerker Lindstén, born 1971. Managing Director of HiQ Göteborg AB. M.Sc. Automation Technology, Chalmers Institute of Technology.
Klas Nyström, born 1955. Managing Director HiQ Karlskrona AB. Naval officer, Military Academy, Stockholm.Patrik Holm, born 1966. Managing Director HiQ ACE AB. M.Sc. Industrial Economics, Institute of Technology, Linköping.Anders Karén, born 1957. Vice president Operations M.Sc. Engineering and Business Management, Linköping Institute of Technology.Jukka Rautio, born 1974. Managing Director HiQ Finland Oy. B.Sc in Computer Science, University of Oulu.
HiQ's Board consists of eight members with no deputies. The company's auditor is PwC and the auditor in charge is Nick Kullberg.
TOP ROW:Anders Ljungh, born 1942. Ph.D. in Technology, Royal Institute of Technology, Stockholm. M.Sc. Business and Economics, Stockholm School of Economics. Chairman of the Board and Board member since 2003. Other assignments: Chairman of the Board of Axiomatics, Living Capital Management, Elinbolagen and Mobilize Systems. Ulrika Hagdahl, born 1962. M.Sc. in Engineering Physics, Royal Institute of Technology, Stockholm. Board member since 2012. Other assignments: Member of the Board and Chairman of the Audit Committee in revisionsutskottet IFS AB, Member of the Board in Beijer Electronics AB, Anoto AB and Idre Golf Ski & Spa AB.Gunnel Duveblad, born 1955, Computer Science, Umeå Universitet. Board member since 2007. Other assignments: Member of the Board of Aditro, Anoto AB, Posten Norden, Sweco and Stiftelsen Ruter Dam.Ken Gerhardsen, born 1952. M.Sc. Engineering Physics, Linköping Institute of Technology. Board member since 1995. President and CEO of HiQ International AB until February 2000. Other assignments: Member of the board of Ymer Technologies.
BOTTOM ROW:Johanna Fagrell Köhler, born 1966. M. Sc. International Economic and French, Lund University. Board member since 2011. Other assignments: Member of the board of OraSolv AB and Ekelöw Info Security AB.Raimo Lind, born 1953. M. Sc. in Economics, Helsinki School of Economics. Board member since 2013. CFO Wärtsilä Oyj 1998-2013, Vice President since 2005. Other assignments: Chairman of the board of Elisa Oy and board member in several foundations.Erik Hallberg, born 1956. M. Sc. Engineering 1996. Board member since 2012. Other assignments: Member of the board in Cygate AB, Lequa AB, Tetab Tryckeri AB, Tetab Försäljning AB and Chairman of the board in a number of subsidaries of TeliaSonera International Carrier. Lars Stugemo, born 1961. President and CEO of HiQ International AB. M.Sc. Electrical Engineering, Royal Institute of Technology, Stockholm 1986.
Auditors selected by the AGMPwC, auditor in charge Niklas Kullberg, born 1970. Authorised public accountant. Auditor of HiQ since 2009.
WHO DOES HiQ COLLABORATE WITH?
At HiQ, we value getting together. We want to be seen in contexts which, like us, are synonymous with speed, teamwork, high technology and the will to win. The external projects we support also serve as good platforms where both our customers and our employees can meet and benefit.
HiQ’s own motor sports star.
As a specialised IT consulting firm, HiQ works with leading customers in the automotive industry in the areas of Infotainment and Active Safety. Motorsport is a technology-intensive team sport, with IT increasingly playing a part in performance, safety and contacts with fans and the media. Richard’s career started at the age of ten with go-cart and through hard work he has since established himself in the elite of racing and rally. In 2012 HiQ will not only support him in the new TTA series, but will also continue to create thrilling activities to share with our clients and employees.
Maths is the first step.
At HiQ, we're convinced that discovering the joys of mathematics at an early age is important. We help young people with their maths so that one day they can become our consultants here at HiQ.
The Maths Centre is a non-profit organisation. It provides free maths instruction and homework support to around 1,200 children and young people every week in 10 cities in Sweden. The Maths Centre holds 24 maths workshops a week in which 150 volunteers work together to help students and young people with their maths.
In addition to maths workshops, the Maths Centre also operates an online site: www.matteboken.se (matteboken is the Swedish word for "The maths book"). The site offers a free online tool containing a complete maths book from the Swedish A-E maths courses with exercises and descriptions, 350 video lessons and a forum where users can ask questions. Approximately 10 per cent of Sweden's upper-secondary school students (about 30,000 students) visit matteboken.se each month.
2002-2008 HiQ had a very successful collaboration with the sailing project HiQ Sailing Team. HiQ Sailing Team, the well-known 60-foot trimaran and one of the fastest sailing boats in the world, has broken a number of records through the years. Among the most spectacular were the events of December 2006, when HiQ Sailing Team sailed around Gotland in a new record time of 17 hours 39 minutes – at an average speed of nearly 21 knots!
The trimaran has given us amazing experiences with both customers and staff, a great deal of pride and attention. It has been a true journey writing record history together.
ONE OF THE FASTEST SAILING BOATS IN THE WORLD.
HiQ is one of the fastest sailing boats in the world. In good conditions the boat can sail faster than 40 knots – last year’s speed record was 41,6 knots. The boat is 60 feet long, 20 meters wide and weighs around 5 tonnes. The sail area is very large compared with the size of the boat, making the vessel quick and light on the rudder, but an advanced craft to sail – the Formula 1 of sailing. The new trimaran HiQ is one of the fastest sailing vessels in the world and has successfully sailed in competitions such as the ORMA, Jaques Vabre and Route du Rhum.
The project had backing from HiQ and co-partners Klabbe Nylöf, Andreas Andersén and Pelle Norberg. Together they form a very strong team who have accumulated many merits in the Whitbread, Volvo Ocean Race and other major international competitions.
2008Winner of Gotland Runt, setting a new race recordBroke every Scandinavian and Nordic recordLine honor, i.e. first boat to the finish in all competitions in which the boat sailed
2007Winner of Gotland RuntSpeed record Helsinki-TallinSpeed record Tjörn Runt
2006Winner of Nokia Oops CupWinner of Færder RaceRunner-up Gotland Runt
20053rd place Nokia Oops Cup3rd place Gotland RuntRunner-up Færder RaceRunner-up Sjælland RundtNew speed record in Lidingö Runt
2004Runner-up Nokia Oops CupRunner-up Gotland RuntRunner-up Færder RaceRunner-up Sjælland RundtNew speed record in Gotland Runt
2003 Winner of Nokia Oops CupWinner of Gotland RuntWinner of Færder RaceWinner of Sjælland RundtNew speed record in Færder RaceNew speed record in Sjælland Rundt
HiQ simplifies and improves in a world growing more digitised.
Today’s technology creates challenges and endless opportunities for the media industry, with technical advances enabling many new players to stream a variety of different media forms. Years of experience in IT, communications and the digitisation of content enables us to meet the increasing demand for services that combine the Internet and mobility with media and entertainment.
HiQ works with leading media companies on business system-related projects that are linked to improving processes and the production of media content. HiQ is also involved in the rapidly growing phenomenon of online TV, developing a number of services for various TV channels in the Nordic region and the rest of Europe. Today’s viewers can decide where, when and how they watch TV, for example with the IP TV solution that HiQ has helped British Channel 4 to develop.
In addition, HiQ is involved in developing online gaming. This, too, is a constantly evolving industry, and Nordic players are successful in the global gaming market.
HiQ's customers include Aristocrat Lotteries, Channel 4, GTECH, Göteborg & CO, Hippos, Kanal 5, Moving Media/Mag+, MTV3 Finland and Veikkaus.
As always, technological development is moving ahead rapidly and the need for individuals and businesses to communicate with one another is increasing.
Society’s communication needs are increasing. Ever shorter product life cycles and the constant evolution of new services drive the telecom market. Meanwhile, technology from this segment is increasingly being transferred to other industries. Mobility and improvements in capacity are becoming more and more important for all customers in all industries.
Since 1995, HiQ enjoys a very strong standing in telecoms and we work with global, market-leading names. We have extensive technical expertise and commercial competence within telecommunications systems and have worked closely with suppliers, operators, users and regulatory bodies for almost 20 years. Our knowledge of and insights into the industry also create value for customers and projects in other lines of business, as many industries today are dependent on telecom technology.
Our customers in this segment include Ascom Wireless Solutions, Com Hem, Doro, Ericsson, Nokia, Telenor, TDC and Tele2.
In an industry that places tough demands, HiQ is well equipped to meet the challenge.
The technology used in the automotive industry is constantly evolving and there is a great deal of pressure to introduce shorter and more efficient development cycles. HiQ is involved in this process through its project management, development and software testing services.
Vehicles and their components are today in greater extent connected and communicating with each other. Together with one of our innovative clients, we are developing road trains, where several connected vehicles travel in a semi-autonomous convoy. Two major benefits are enhanced safety and reduced fuel consumption.
For many years HiQ has been a strategic partner for a leading automotive manufacturer in the growing and important field of active safety – a highly prestigious assignment. Self-braking cars and systems that detect potential hazards in time reduce the number of accidents and save lives.
HiQ increasingly participates in projects aimed at developing eco-friendlier vehicles. Technology is crucial in finding effective solutions to reduce emissions and minimise fuel consumption.
Our clients in this segment include BorgWarner, Scania, Volvo Cars and Volvo Group.
The defence industry is global, and international risk scenarios are constantly changing.
HiQ’s know-how in the fields of simulation and communications and the stable, long-term relationships we enjoy with our customers help us to succeed in this industry, where projects include both product development and operational support.
We have extensive experience of defence and security. For example, we have been maintaining and developing training simulators for the JAS 39 Gripen fighter aircraft since the early 1990s. More than 200 fighter pilots worldwide have been trained in simulators that HiQ has helped to develop.
HiQ also helps customers with the development of radar systems and systems that are critical for society, such as resource management systems for security companies and airports.
Our customers in this segment include BAE, Swedish Defence Materiel Administration (FMV), Swedish Armed Forces and SAAB.
IT helps streamline industrial operations and has become increasingly business-critical.
Today there are ever greater numbers of IT-dependent products and support systems that require development capacity and services for testing and quality assurance. HiQ develops products and systems and also handles operational assignments that are aimed at simplifying, improving and modifying existing systems.
Examples of the results HiQ has produced include a pallet management system to reduce emissions from pallet transports within Europe. The system is according to calculations saving 10 million litres of diesel per year in transportation emissions. We are also part of developing effective support systems to simplify the booking process and inspection of vehicles.
Our customers in this segment include ABB, Atlas Copco, Bombardier, Dekra, Porvoo Energy, Empower, Jeppesen Systems, Kuusakoski, Kerava Energy, SKF and Svevia.
Through IT, retail is becoming more efficient and simple - for the distributors as well as for the customers.
Against the background of a steep rise in online shopping, the retail sector is currently undergoing some significant changes. Many retailers are broadening the options and simplifying purchasing for their customers by expanding and improving their online range and mobile shopping services.
With a strong offering, built on a thorough understanding of the industry gained over many years, HiQ supplies services to some of the leading retail chains that range from concept and design to quality assurance. HiQ works with everything from e-commerce, mobile commerce, procurement and logistics systems to marketing and sales tools.
Our customers in this segment include Axstores, Bauhaus, ICA, Lähikauppa and Stockmann.
The public sector is continually striving to increase service levels and make people’s lives simpler.
To do so, the sector is developing IT environments that help to streamline and rationalise its operations.
HiQ has more than ten years’ experience of working with development of business-critical IT solutions for the public sector that facilitate citizens’ contacts and dealings with various authorities.
Our customers in this segment include the Swedish Public Employment Service, the European Chemical Agency, the Swedish Civil Contingencies Agency, the Swedish Enforcement Authority, the Swedish National Police Board, the Swedish Post and Telecom Authority, Region Västra Götaland and the Swedish Tax Agency.
Global competition within the finance industry drives the need for constant adaptation and rationalisation.
EU directives for increased transparency and competition require European banks to adapt their IT systems to make sure the banks are better able to manage their risks. To do this, the industry needs to find competitive solutions – and this, in turn, creates opportunities for HiQ.
HiQ has a strong position in this sector, firmly founded on a thorough knowledge of the rules and regulations, processes and IT in several key areas, from securities trading to asset management and payments.
During the past year we have combined our financial expertise with our expertise in mobility to create a competitive offering for mobile payments as well as for money transfers between individuals.
Our customers in this segment include Bankgirot, Handelsbanken, Lindorff, Nordea, OP Pohjola Group, SEB, Skandia and Swedbank.
European Championships in Athletics, 2013
HiQ is digital partner for the European Athletics Indoor Championships in Gothenburg in 2013. HiQ enhances the experience for the audience through a mobile application and event website. Integrating technology into public events is an expanding area and HiQ is in the middle of this exciting development.
Interested in what HiQ can do for you in media, gaming and entertainment?
Please don’t hesitate to contact us.
IPTV is one example of how our knowledge of telecommunications benefits other industries.
IPTV technology, which makes possible such services as video-on-demand and user interactivity, is quickly gaining ground. In 2011, HiQ began a collaboration with Dreampark to develop software for a new IP-TV portal.
Interested in what HiQ can do for you in the area of Telecom?
HiQ develops infotainment system for the new speed train SJ 3000.
Infotainment, meaning entertainment and information, is an area that is being used more and more by the automotive industry. For example you can now rent a film, get weather reports and travel information while travelling with SJ's new speed train. The project is yet another example of when IT converges with the automotive industry.
Interested in what HiQ can do for you in the Automotive area?
HiQ has developed a vehicle simulator for the CV9030 CH tank to be used by the Swiss Army.
HiQ also assumed responsibility for the development of simulation models and integration with the graphical user interface, among other things, for Lands Systems Hägglunds. The simulator replaces some of the hardware in the vehicle, thereby allowing greater flexibility and efficiency in training.
Interested in what HiQ can do for you in Defence and Security?
Since 2008, HiQ has worked with Kuusakoski – a leading international recycling company.
Among other things, HiQ has managed projects and developed software for processes that separate and clean different material fragments in plants for salvaged cars. The project was named Best IT Project in Finland 2010.
Interested in what HiQ can do for you in the Industry segment?
Interested in what HiQ can do for you in the Retail area?
On the road to becoming Sweden's best e-administration.
HiQ led the work to introduce electronic notification in line with the new Svefaktura format on behalf of the Swedish Transport Agency. The new system is an important step in simplifying and streamlining electronic notification regarding motor vehicle and congestion taxes.
Interested in what HiQ can do for you in the Public Sector?
Swish simplifies through real-time transfers
In December 2012 Swish was launched, a solution that HiQ, together with Bankgirot, developed for Sweden’s six largest banks. The mobile service is a great success with hundreds of thousands of downloads and a stabile functionality without incidents. Swish, that enables people to transfer money in real-time, without account numbers, is a solution that truly simplifies people's lives.
Interested in what HiQ can do for you in Finance and Insurance?
Regardless of where we are, we have become used to being in constant contact with the outside world via mobile phones, laptops and tablets – when at work, on holiday and in our free time.
We take it for granted that we have constant access to the services that we feel are important. These might be e-mail, social networking sites, weather reports, mobile banking, or our favourite music, to name just a few. Whatever it might be, the requirements we place on the service with regard to accessibility, privacy, content and usability are great.
HiQ provides expertise within mobility and mobile solutions to customers in all market segments and we are highly competent with regard to various technical platforms. We provide consultancy services and work with strategies, applications, usability and quality assurance linked to business benefits in our customers' operations. Some examples include a mobile banking application for handling banking errands and a mobile e-commerce platform that allows users to buy goods straight from their mobile phones.
Telecommunications involves communication between people and between people and systems.
It can also include systems communicating with each other without human involvement. Today, this means that your computer, video game console, mobile, sound system, TV and other devices are able to interact and communicate with the world around them.
HiQ has long held a strong position within telecommunications and cooperates with the majority of systems suppliers, mobile phone manufacturers, operators and users in the Nordic region. We are currently witnessing a continued, strong convergence between the Internet, media, entertainment and mobility. Telecom technology is playing a central role here as increasing amounts of information are transmitted with the help of IP. HiQ is active at the very heart of this convergence.
One example of this is our development of Dreampark's next-generation IPTV portal. TV distribution over IP networks using a new kind of hybrid box will give viewers access to a broad range of TV channels, the Internet, movie rental services, Facebook and Twitter. In the future, it will even be possible to record programmes directly on mobile phones and tablets.
One of the specialist areas in which HiQ has a long-running history of expertise is simulation technology. We are leaders in the Nordic region in software development for simulated environments and work together with many different customers in the field.
Ever since the JAS Gripen fighter jet first came into service, HiQ has developed simulators for training pilots. HiQ continues its work on this project as the aircraft and technology continue to be developed. An interesting detail about the JAS Gripen project is that the simulator uses the same system software as the actual fighter jet.
HiQ also develops simulators used in the development and testing of new mobile phones and IT solutions for vehicles. Another example is when we helped Forsslund Systems, the Swedish Royal Institute of Technology and Karolinska Institutet to develop an oral surgery simulator. The system is used by dentistry students to practice surgical procedures.
IT offers a wealth of opportunities for businesses and the public sector to both improve and simplify what they do.
Many companies are highly dependent on their IT systems. Banks and insurance companies are totally dependent on the reliability of the IT systems that manage payments and other transactions, for example. Public sector institutions require support systems to help them keep their operations well organised and to ensure that the services they provide to the public function well.
In the case of the Swedish National Tax Board, for example, IT has made it possible to offer better, simpler, more user-friendly services by providing forms, tax declarations and applications online.
HiQ develops systems able to meet high demands on accessibility and reliability and that are business-critical for the customer's entire operation. Often, these are systems that are required to operate 24-7, such as systems for share trading and case management systems for public authorities. This might also include things like logistical solutions for transport or trading companies. Whatever the case may be, they are always business-critical parts of our customers' operations.
Today there is a veritable ocean of interactive online games. Scratchcards are now available on mobile phones, poker is a success on tablets and there are many new ideas in the pipeline.
HiQ works to produce interactive games for betting and sporting games for state-regulated companies. The demand for interactive gaming alternatives is increasing, especially within sports games.
We are Nordic leaders in the area and develop and implement platforms for both gaming and the games themselves. HiQ also develops advanced solutions for managing security, accessibility and performance. Our customers include established, well-known Nordic gaming companies and betting agencies, as well as GTECH – the world-leading supplier of IT solutions and services for the gaming and lottery industry.
Within finance, HiQ is a specialist in securities trading services.
We have successfully managed a very large number of projects and commissions in this area – from strategy and systems to projects and administration. Efficiency is often the most important issue for our customers, e.g. how to make the process faster, how to monitor it better or how to reduce risk. Thanks to HiQ's understanding of the flows of the securities industry, we are able to find solutions to these issues. We possess expertise on the entire process – from orders and transactions to clearing and settlement.
We provide our customers with insight into the complete process. The finance industry is complex, so it is often possible to focus on and understand only one section of the market. At HiQ, we understand all aspects of the industry. Our comprehensive knowledge allows us to quickly find effective, secure solutions that meet all existing standards and legal requirements, from the time the order is placed to the time the transaction is made and registered. This over-arching capability saves our customers both time and money, allowing them to get up and running quickly and to get to work on new business opportunities.
New vehicles launched onto the market today are packed with IT and technological solutions.
This might include an information system for the driver that indicates how the vehicle is performing, a navigation system or an entertainment system for passengers. One area that continues to expand is active safety. Examples of active safety solutions include systems that cause cars to brake automatically when someone or something gets too close and functions that improve driver vision in poor lighting.
HiQ helps vehicle manufacturers and sub-suppliers to the automotive industry to develop platforms, systems and services for vehicles. These facilitate communication between different devices within a vehicle and communication to and from a vehicle. We are well positioned within fields like infotainment, active safety, telematics and usability.
Another growing area in which HiQ has a long record of experience is mobility and digital channels. In this field, we help Saab Automobile AB with its development of technical platforms for marketing via digital channels and mobile applications, for example. We also develop engine management systems, production systems and diagnostics solutions and have delivered a new production system for a leading global car manufacturer to Brazil and Asia. Through our broad-ranging offerings to the automotive industry, HiQ's work saves both money and lives.
HiQ developed the groundbreaking Street Orchestra application for the iPhone on behalf of the Gothenburg Symphony Orchestra.
Street Orchestra for iPhone is the world's first music application to find, synchronise and link iPhones to a shared, interactive musical experience. The application allows 200,000 performers to form an orchestra and play music together – regardless of where they are. With the help of Orchestra for iPhone, the Gothenburg Symphony Orchestra has now been able to reach a younger audience with its music in a fun way.
Interested in what HiQ can do for you in the Mobility area?
The Finnish Communications Regulatory Authority (FICORA) hired HiQ to develop its ENUM service.
The service translates phone numbers, both fixed and mobile, into Internet domain names. This solution makes it possible to use Internet-based channels even when only the recipient's phone number is known, or when only one telephone is available. ENUM offers telecom operators a cost-effective method for routing phone calls.
Interested in what HiQ can do for you in the Telecom area?
HiQ has an order from the Swedish Defence Materiel Administration (FMV) for the maintenance and continued development of training simulators for the JAS 39 Gripen fighter jet.
HiQ is the Nordic region's leading expert in the development and integration of high-tech training simulators for aviation systems. Within the project for FMV, HiQ works on tasks such as the integration and development of models and software coding for the FUS-39 simulator. In addition, HiQ also works with components other than the actual aircraft simulation tool, e.g. risk analysis and weapon system simulation. HiQ is also developing interfaces for the simultaneous operation of training simulators and other types of simulators.
Interested in what HiQ can do for you in Simultation Technology?
Thanks to HiQ's cooperation with Zenitel, the Danish fire brigade can now respond to emergencies even faster.
Together we developed the ZenFire application, with features that allow safe navigation to the scene and an electronically-controlled camera. HiQ was responsible for the platform specifications, architecture and consultancy related to the development processes.
Interested in what HiQ can do for you in Business-critical Systems?
Nearshore solution provided Ace Interactive faster time to market.
ACEI develops server-based solutions for online gaming. ACEI needed to evaluate capacity utilization and costs. HiQ combined its nearshore expertise with local presence to ACEI in Stockholm.
"The greatest benefit that I see it is that we have doubled our capacity to get games onto our gaming platform. This means that our customers can more quickly offer their customers new games. It makes them more competitive in this highly dynamic industry, while they can lower their cost per game. We are extremely satisfied," says Håkan Andersson, General Manager at ACE Interactive.
Interested in what HiQ can do for you in Gaming and Platforms?
Orc Software offers solutions for advanced securities trading and fast connectivity.
As part of Orc's efforts to streamline its development organisation and shorten lead times, HiQ has been given administrative responsibility, which includes responsibility for the further development of and support for nine market connections. A connection is the function that allows members of various financial markets to have a direct link to different exchanges.