Wikipedia

Visma

Visma
Company typePrivate
IndustryComputer software
GenreBusiness software provider
FoundedOslo, Norway (1996 (1996))
Headquarters
Oslo
,
Norway
Area served
Europe and Latin America
Key people
Øystein Moan, Executive Chairman
Merete Hverven, CEO
ProductsBusiness software
RevenueIncrease €2,804 million (2024)[1]
Increase €893 million (2024)[1]
OwnerHgCapital (70.2%)
GIC (14.2%)
ICG (3.1%)
Number of employees
17,500 (2024)[2]
Websitewww.visma.com

Visma (acronym for Visual management[3]) is a privately held company headquartered in Oslo, Norway, that provides cloud accounting, payroll, invoicing, and HR business software products.[4] The majority of the company is owned by HgCapital, a private equity firm.[5] The Group's market segments include small business, medium business, public, and ecosystem.[6] The Visma Group operates across Europe and a number of countries in Latin America.[7]

History

[edit]

The company was formed through the merging of three local companies, Multisoft, SpecTec and Dovre Information Systems, in Norway in 1996.[8][9] It was listed on the Oslo Stock Exchange later that year.[10]

The major event of 2000 was the sale of Visma Marine's operations to Dutch company Station12.[11] Visma acquired Spcs (formerly Scandinavian PC Systems), the Swedish market leader within the small business segment in February 2001.[12]

In May 2006, HgCapital made a offer for the company worth €552 million; HgCapital then took the company private.[13] Visma then entered the Dutch market through the acquisition of software company AccountView in December 2006.[14]

KKR acquired a 76.9% ownership in Visma in September 2010.[15] However, KKR then sold its stake for $1.8 billion in June 2017.[16]

In February 2017, Visma acquired the biggest employee benefits platform in Denmark, LogBuy. LogBuy provides companies with access to a digital portal offering discounts and benefits for employees. The acquisition expanded Visma’s portfolio within HR-related services.[17]

Visma acquired Raet, a large Dutch enterprise providing payroll and HCM (Human Capital Management) software in May 2018,[18] and Yuki, a Dutch bookkeeping software platform in August 2020.[19] It then bought Holded, a Spanish ERP and accounting company, in June 2021,[20] and ProSaldo.net, an Austrian bookkeeping and billing software platform, in October 2021.[21]

The company acquired Dutch financial software company Lyanthe in March 2022[22] and Belgian software developers IonProjects and Teamleader in April 2022.[23] Visma sold one of its Lithuanian subsidiaries to CVC Capital Partners in June 2022.[24] The remaining one is Visma's external programming service, based in Vilnius CBD.[25]

Visma entered the French market via the acquisition of the software developer, Inqom, in September 2022.[26] It then entered the German market with the acquisitions of German financial software companies H&H and BuchhaltungsButler in January 2023.[27] It also acquired Belgian company Silverfin, a provider of cloud accounting software, in October 2023.[28] In April 2025, Visma acquired a minority stake in the German-Belgian fintech company Acountable, which had introduced the first AI-based tax assistant in March 2024.[29]

Sponsorship

[edit]

In 2018, Visma signed a five-year sponsorship deal with the professional road cycling team Team-Jumbo Visma, which was one of the teams that competed in the UCI World Tour. The sponsorship began 1 January 2019.[30] However, the wife of Tour de France winner, Jonas Vingegaard, was highly critical of Team Visma, claiming the team pushed him too hard.[31]

References

[edit]
  1. ^ a b "Financiakls". Visma. Retrieved 15 October 2025.
  2. ^ "Our company". Visma. Retrieved 15 October 2025.
  3. ^ "Visma". Luca Regnskap (in Norwegian Bokmål). Retrieved 2024-08-06.
  4. ^ "Visma brings in new investors at $21 billion valuation". Reuters. 2023-12-21. Retrieved 2024-06-20.
  5. ^ "Visma attracts new investors for expansion". London Stock Exchange. 2023-12-21. Retrieved 2024-06-20.
  6. ^ "Visma Annual Report 2023: New Horizons" (PDF). visma.com. Retrieved 2024-06-20.
  7. ^ Taylor, Dan (2022-06-23). "Visma acquires Belgium's Teamleader as it further strengthens its market position". Tech.eu. Retrieved 2022-06-28.
  8. ^ "Norwegian software firm Visma steps up M&A in the Netherlands". www.consultancy.eu. 2018-11-27. Retrieved 2022-02-01.
  9. ^ "Norwegian software firm Visma steps up M&A in the Netherlands". www.consultancy.eu. 2018-11-27. Retrieved 2023-04-26.
  10. ^ Annasha (2021-09-22). "Visma - A Leading Software Company In The Nordic Region And Europe". Your Tech Story. Retrieved 2023-02-27.
  11. ^ "Visma to sell division to station 12". Telecom Paper. Retrieved 14 October 2025.
  12. ^ "Agreement on integration with SPCS". 7 February 2001. Archived from the original on 2017-12-13. Retrieved 2015-05-22.
  13. ^ "HgCapital offers €552 million for Norway's Visma". Private Equity International. 30 May 2006. Retrieved 14 October 2025.
  14. ^ "HgCapital strengthens Visma AS through the acquisition of AccountView B.V." Archived from the original on 2018-08-03. Retrieved 2015-05-18.
  15. ^ "KKR Agrees to Pay $935 Million for Stake in Software Maker". Bloomberg. Retrieved 14 October 2025.
  16. ^ "KKR sells stake in Norwegian software company Visma for $1.8 billion". Reuters. 28 June 2017. Retrieved 14 October 2025.
  17. ^ "visma.dk". www.visma.dk (in Danish). Retrieved 2025-11-18.
  18. ^ Brooks, Steve (2018-05-30). "Visma to buy Raet and expand presence in Netherlands". Enterprise Times. Retrieved 2022-08-09.
  19. ^ "Yuki Works B.V., Acquired by Visma Oy on August 4th, 2020 | Mergr". mergr.com. Retrieved 2022-06-28.
  20. ^ Taylor, Dan (2021-06-18). "Holded now held by Visma for more than €120 million". Tech.eu. Retrieved 2022-02-08.
  21. ^ "Visma acquires Finmatics". International Accounting Bulletin. Retrieved 14 October 2025.
  22. ^ "Norwegian cloud software firm Visma acquires Lyanthe to automatic invoice processing". Silicon Canals. 2022-03-14. Archived from the original on 14 March 2022. Retrieved 2022-06-07.
  23. ^ "Visma Group (NO) acquires ionProjects in Flanders". Invest in Flanders. 28 April 2022. Retrieved 14 October 2025.
  24. ^ "CVC Capital Partners Fund VIII to acquire Visma's digital transformation business". Private Equity Wire. 16 June 2022. Retrieved 14 October 2025.
  25. ^ Grinkevičius, Paulius (2022-06-16). "Liuksemburgo CVC perka "Vismos" padalinį, kuriam priklauso ir dalis Lietuvos programuotojų". vz.lt (in Lithuanian). Retrieved 2024-03-09.
  26. ^ "Visma acquires Inqom, expands into France". Techzine. 5 September 2022. Retrieved 14 October 2025.
  27. ^ Klugt, Geert van der (2023-01-12). "Visma enters German software market". Techzine Europe. Retrieved 2024-06-20.
  28. ^ Herbert, Tom (2023-10-06). "Visma snaps up Silverfin in €300m deal". AccountingWEB. Retrieved 2024-06-20.
  29. ^ Antwort auf Deutschlands Steuerberatermangel: Accountable startet "ChatGPT" für Steuern, Finanznachrichten.de, retrieved 15 November 2025 (German)
  30. ^ "CyclingPub.com - Team Jumbo welcomes Visma as name sponsor from 2019". www.cyclingpub.com. Archived from the original on 3 June 2021. Retrieved 2018-12-11.
  31. ^ "Jonas Vingegaard's wife sensationally slams Visma: "The team is pushing him too far... The countdown to the end of his career began when we had our first child"". Cycling upto date. 7 July 2025. Retrieved 15 October 2025.