Magdalena Hallbrandt | CTO, Fortnox | Top 30 EMEA CTOs 2026

Career History

Magdalena Hallbrandt is Chief Technical Officer of Fortnox, the Swedish cloud ERP software company. She joined Fortnox in 2020 as Development Manager before becoming Head of Development the following year, leading software development as the company continued to scale its product platform. She subsequently moved into broader leadership roles across the business, before becoming Chief Technical Officer in 2026.

Before joining Fortnox, Hallbrandt spent more than 13 years at Volvo Construction Equipment. She initially worked in purchasing before moving into engineering project management, progressing from Project Manager to Chief Project Manager and ultimately Manager of Electrical and Electronic Systems for Articulated Haulers, a role she held for six years.

Hallbrandt has a Master of Science in Industrial Management and Business Administration from Halmstad University and a Bachelor of Science in Mechanical Engineering from Linnaeus University.

About Fortnox

Fortnox is a Swedish cloud-based business software provider offering accounting, invoicing, payroll, financial management and broader ERP solutions to businesses and accounting firms. Founded in Växjö in 2001, the company has grown from an online bookkeeping provider into a broader business platform delivered primarily through a SaaS model. Its platform also connects with more than 400 external development partners, allowing customers to build customised ERP environments around Fortnox.

The company was acquired in 2025 by a consortium led by EQT X and First Kraft, valuing the company at around SEK 55bn ($5.51bn). Following the transaction, the consortium gained control of more than 97% of Fortnox and the company was delisted from Nasdaq Stockholm in July 2025. Fortnox has continued to expand its platform through acquisitions, including its 2026 purchase of e-commerce integration software provider Sharespine.