35 years of innovation and customer engagement

2024 marks a significant milestone for AARO, as we celebrate 35 years in the industry. The strength of AARO lies in our ability to meet the needs of all types of corporate groups, regardless of size or industry affiliation, while we are passionate about group reporting. A big part of our success is our unwavering commitment to always work in a customer-driven manner.

AARO 35 years – Our history

1989

1989: The company was founded

Aaro Finanssystem AB founded by Jonas Aaro (Later name changed to Aaro Systems), with a first small basement office on David Bagares Gata in Stockholm.

1989

1996

1996: Legal equity with statutory consolidation

Up to now, what would become AARO has consisted solely of a tool for operational consolidation and follow-up.

1996

1998

1998: Development begins in Tornedalen

Tornedalen (area in the north of Sweden). Three offices are formed, with developers in the villages Haparanda, Tärendö and Kalix.

1998

1999

1999: The first standard product is developed

A standard product is developed, with a first delivery around Christmas time.

1999

2001

2001: Our first large global group

Our first large global group of over 1,000 users signed up for AARO, bringing with them many new requirements that led to significant developments and improvements in the software.

2001

2005

2005: AARO Base Package

Launch of AARO Base Package. Our idea of making implementation projects smoother.

2005

2006

2006: First customer with HQ outside Sweden

First customer with HQ outside Sweden signed up (HQ in Schweiz).

2006

2007

2007: Establishment in Malmö

We are opening our first office in Malmö, with colleagues in sales and implementation, to get closer to our customers in southern Sweden.

2007

2007: Office in Gothenburg

We are opening our first office in Gothenburg, with an application consultant on site, to get closer to our customers on and around the west coast.

2007

2009

2009: 20th anniversary!

We are celebrating 20 years and now have offices in Stockholm (headquarters), Malmö, Gothenburg, and an office with developers in Kalix.

2009

2009: Establishment in Riga

Time for an office in Riga, with colleagues in development and testing.

2009

2009: AARO Integrator

Launch of AARO Integrator.

2009

2010

2010: Common consolidation

Release of a common consolidation tool for both operational and legal consolidation, named AARO11.

2010

2012

2012: 100 customers!

We now have 100 customers in Sweden using AARO.

2012

2014

2014: Office in Kenya

Aaro East Africa Ltd. in Nairobi is founded, with colleagues within sales and support to the global organization.

2014

2015

2015: AARO Cash Forecast

Launch of AARO Cash Forecast.

2015

2016

2016: AARO Country by Country

Launch of AARO Country by Country.

2016

2018

2018: Bigger office in Gothenburg

New office in Gothenburg, now with application consultants, and sales personnel.

2018

2018: AARO Lease IFRS 16

Launch of AARO Lease IFRS 16.

2018

2018: Establishment in Dubai

We are opening up the Middle East as one of our focus markets and establishing ourselves with an office in Dubai.

2018

2018: Our first customer in Dubai

We welcome our first customer in Dubai, a large corporation in the telecommunications industry.

2018

2019

2019: 200 groups using AARO globally

We have reached 200 groups using AARO globally, with headquarters spread across 9 countries.

2019

2019: 30th anniversary!

We are celebrating 30 years and now have over 200 customers and offices in Stockholm (headquarters), Malmö, Gothenburg, Kalix, Riga, Nairobi, and Dubai.

2019

2020

2020: AARO Academy

AARO Academy is established, offering online training courses in both IFRS and AARO products to meet business needs.

2020

2020: Global partner network

We are starting to grow a global partner network.

2020

2021

2021: 320 corporate groups!

320 corporate groups now use AARO globally, with headquarters in 11 countries.

2021

2022

2022: AARO Planning

Our new product AARO Planning is released.

2022

2023

2023: 400 corporate groups!

300 groups in Sweden and 400 groups globally are using AARO.

2023

2023: We are growing in Malmö

Need for a larger office in Malmö to accommodate colleagues in sales, key account management (KAM), application consultancy, and implementation.

2023

2023

2023: 30% + 30% use AARO

30% of publicly traded companies on Nasdaq and 30% of companies on the Mid Cap in Sweden now use AARO. We are now the market leader on our first homemarket.

2023

2023

2023: Great Place To Work!

We are proud to announce that we have officially been certified as a 'Great Place to Work!' based on the Trust Index® employee survey, provided by the global company Great Place to Work.

2023

2023: Support for CSRD and GRI

AARO's support for sustainability reporting under CSRD and GRI is expanding.

2023

2023: AARO Review & Finetuning Workshop

Our new service, AARO Review & Finetuning Workshop, is being launched.

2023

2024

2024: AARO Lease IFRS 16 second generation

AARO Lease IFRS 16, second generation, is released, an expanded and improved version of our product for lease management.

2024

2024: AARO Security & Audit

We are launching the product AARO Security & Audit.

2024

2024: New office in Gothenburg again!

We are growing rapidly in Gothenburg, and now it's time for the third office, now with plenty of room for sales, key account management (KAM), application consultants, and more project management colleagues.

2024

2024: Growth in Finland

We now have several major customers in Finland and are opening an office there as well, with sales staff on site to increase our local presence among our customers and partners.

2024

2024: We are ISO 27001 Certified

In August 2024, AARO successfully achieved ISO 27001 certification, an internationally recognized standard for information security management systems. Achieving this certification is a testament to the strong teamwork and professionalism that define AARO. It demonstrates our commitment to meeting expectations in an increasingly complex digital environment.

2024

Great place to work-certifiering för AARO

2024

2024: Great Place To Work – again!

AARO receives the 'Great Place to Work' certification for the second consecutive time. Keeping this certification for another year is a testament to the positive, inclusive, and engaging work environment we continue to build together, and it shows that our staff feel valued, respected, and heard.

2024

2024

2024: 35th anniversary!

We are humble and grateful to be celebrating 35 years in the industry and to have built up a fantastic customer base around the world. Our success is based on working customer-driven and with our ear to the ground. Together with our customers, we have made AARO what it is today. We look forward to continuing to grow and develop together with our customers and partners.

2024