Healthcare leadership TM Software is the largest provider of custom software solutions for the Icelandic healthcare sector, servicing hospitals, primary care clinics, and pharmacies, and collaborating with the Ministry of Health. This indicates strong domain expertise and potential cross-selling opportunities into government health initiatives and digital health modernization projects.

Travel tech focus A core specialty is web solutions and custom development for the Travel Industry, with extensive experience with airlines, tour operators, and travel agents. Opportunities exist to offer modern booking platforms, passenger experience improvements, and integration with global distribution systems to regional partners.

Strategic backing TM Software operates as a subsidiary of Nýherji hf, a Nordic IT services provider. This affiliation can support scaled delivery, broader product portfolios, and access to Nordic markets, enabling co-sell motions and larger project opportunities.

Multi-sector reach Beyond healthcare and travel, TM Software serves private sector and government clients in banking, insurance, e-commerce, and energy. This diversified exposure suggests potential for cross-industry solutions, upsell of data security, integration platforms, and regulatory-compliant software services.

Growth signals Although TM Software’s current size is mid-market (51-200 employees) and the company has undergone organizational changes through Origo and Helix Health transitions, there is potential for expansion into larger engagements through its healthcare leadership, Nordic backing, and established track record in mission-critical software development.