Dynabyte, a Sweden-based software solutions provider that works with a suite of corporate giants, is making St. Pete its new home in the U.S.
The company has provided software solutions for over two decades, serving clients such as audio streaming service Spotify and global home furnishing retailer Ikea.
Dynabyte is part of the QGroup of companies, which has highly specialized IT consultancy companies in 11 countries worldwide.
“We had one consultant move from Sweden back to Florida,” Dynabyte CEO Anders Lentell said.
The move from a top consultant sparked Lentell’s interest in seeing what the Sunshine State had to offer.
“We toured Tampa, Orlando and Miami, but we fell in love with St. Pete and made good connections with the EDC [Economic Development Corporation] and different business incubators,” Lentell said.
Dynabyte was referred to the St. Petersburg Area EDC by Steven Granese, founder of local consultant firm Compass Productivity and a former executive of IT services company Agile Thought.
The EDC worked closely with Lentell, giving him a comprehensive tour of St. Petersburg, and connecting him with tech and community leaders. Dynabyte was one of the companies the EDC spotlighted during its exclusive “Meet the Projects” event held this week.
“When you look at the St. Pete/Tampa corridor, there a lot of tech companies moving here and there’s a vibrant community compared to Miami and Fort Lauderdale. The East Coast was interesting for us,” Lentell said.
Lentell, who has become familiar with the city over the past few months, is leasing space inside the Industrious co-working hub at 200 Central Ave. downtown.
Although Lentell shares the space with one other Dynabyte employees, he plans to hire approximately 10 seasoned software experts in the next 12 to 18 months. Companywide, there are nearly 1,000 employees.
On average, a Dynabyte consultant has 10 years of experience.
“We work with clients on specific projects from idea to solutions, assisting them with new packaged machine-learning platforms,” Lentell said.
Dynabyte works with large businesses, especially those in the fintech sector. The company doesn’t currently have business relations with local St. Pete companies.