Talk:Visma

Issues resolved - please remove warning box

I have tried to resolve the issues with the article. Can someone please remove the warning box on top of the article?

Much of the content is still unsourced. -- Diannaa (talk) 00:59, 12 June 2015 (UTC)

Visma swimming pools

There is a Visma company that makes polyester swimming pools, near Girona Spain. https://www.vismapiscines.com/en/visma/ There should be a dp for this entry. 85.148.89.96 (talk) 20:31, 22 July 2022 (UTC)

Proposing edits (conflict of interest)

Hello, I work at Visma and there is much information here that is outdated and/or factually incorrect. Obviously I have a conflict of interest, which is why I am writing here in the Talk section instead of directly editing the article. I would nevertheless like to propose some changes that I believe will improve the accuracy of the article while also removing advertising language. The new text is below:

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Visma is a privately held company headquartered in Oslo, Norway, that provides cloud accounting, payroll, invoicing, and HR software products.[1] The majority of the company is owned by HgCapital, a private equity firm.[2] The company was formed in 1996 in Norway,[3] through the merging of Multisoft, SpecTec and Dovre Information Systems.[4][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]

Øystein Moan (CEO 1997–2020) Former Visma CEO and now Chair of the Board, Øystein Moan (born 1959), earned an MSc in computer science at the University of Oslo. Prior to Visma, Moan was the founder and managing director of Cinet AS. After becoming CEO of the Visma Group in 1997, he grew the company from 300 to 8,500 employees and increased the revenue from NOK 250 million to NOK 11,389 billion (2018 figures).[8] In 2020, Moan was succeeded by Merete Hverven.[9]

Merete Hverven (CEO 2020–present) Current Visma CEO, Merete Hverven (born 1977), has a Master’s Degree in Finance and International Leadership from the University of St. Gallen and NHH Norwegian School of Economics. After joining Visma in 2011, she held several roles including Deputy CEO and Chief HR Officer. Since she became CEO in March 2020, Visma’s revenue has increased from €1.13B in 2019 to €2.39B in 2023, while the number of employees has risen from 9,113 to 15,107 in the same period.[10] Visma has also entered 9 new countries since she began as CEO, bringing the total to 32 as of June 2024.

Corporate history 1996: The Visma Group had its first year of operations and was listed on the Oslo Stock Exchange. Shortly after listing, Visma started operating as a public company.[10] MultiSoft ASA, SpecTec ASA and Dovre Information Systems AS merged. They had three key products: SpecTec (marine), Visma Logistics and Visma Business. 1997: Due to growth ambitions that exceeded the company's resources, the company experienced a financial crisis in the year's second quarter. The company had to be refinanced and re-structured and most of the management and the Board of Directors were replaced. Øystein Moan joined as CEO and the new board managed to raise MNOK100 in new share capital but had to lay off one-third of its staff. 1999: Visma established subsidiaries in Denmark and the United Kingdom. The company made its first step towards SaaS by launching Visma Business e-commerce and starting work on developing web and WAP extensions of all the Visma applications. 2000: The major event of 2000 was the sale of Visma Marine ASA's operations to Dutch company Station12.[11] Visma received a cash payment of MNOK730, which was a considerable financial resource that was used to generate more growth. The new strategy was to offer both software and outsourcing within accounting, finance and payroll. 2001: Visma acquired Spcs [sv] (formerly Scandinavian PC Systems), the Swedish market leader within the small business segment.[12] Later in the year, the company entered the Finnish market through the acquisition of Liinos. 2002: With the Spcs-developed software “Avendo”, Visma entered the Norwegian micro market. The acquisition of Møre Datasystemer saw Visma enter the public sector in Denmark. 2003: Visma entered major cooperation agreements with Norway's largest bank (DNB) and the national postal service. 2004: Visma established an electronic data center in Oslo, which processed 2 million incoming invoices in 2005. The company also increased its offering in the public sector with debt collection and temp services added to the portfolio. 2005: There was steady growth – both organically and through eleven acquisitions. Visma's Management Trainee program was initiated. 2006–2008: Visma entered the Dutch market through the acquisition of software company AccountView.[13] A change of ownership saw British private equity firm HgCapital become the new majority owner. HgCapital de-listed Visma from the Oslo Stock Exchange. 2009: The company's Retail IT division was established, providing retail businesses with hardware and consultancy services to aid with implementation and support. This was also the year Visma's new headquarters in Skøyen, Oslo was completed, ready to house over 1,000 of the company's Norwegian staff.[14] Visma reached 10,000 SaaS users and became Finland's second largest accounting firm. 2010: KKR acquired a 76.9% ownership in Visma.[15] At the time, the transaction valued Visma at an enterprise value of NOK11 billion. Visma was KKR's first investment in Norway. HgCapital, the previous majority owner of Visma, retained a significant minority ownership of 17.7%. At the same time, Visma’s management increased its ownership in the business to 5.3%.[16] Earlier that year, Visma entered the IT consultancy market in Norway, Sweden and Denmark through the acquisition of Sirius IT.[17] 2011: In Norway, Visma acquired Mamut, its rival in the micro segment.[18][19] Included in the acquisition was an international web hosting company Active24. 2012: Visma launched Visma.net for small and medium-sized businesses.[20] At the launch, the suite included ERP, CRM and Expense Management. Later that year, Visma introduced Net Promoter Score, a customer satisfaction and nurturing program, for all of its products. 2013: Visma signed a significant deal in Norway to develop administrative and communication solutions for Norwegian schools. Through the acquisition of the Duetto Group, Visma entered the Finnish debt collection market.[21] 2014: Visma widened its shareholder base to include Cinven, gaining a new valuation of NOK21 billion.[22][23] The new ownership structure gave Cinven, HgCapital and KKR 31.3% ownership each, and the Visma management received 6% ownership.[24] 2015: Visma established a new business unit – Visma Employee Management – for payroll and HRM outsourcing services. Visma also conducted several major acquisitions: e-conomic (DK), SpeedLedger (SE), Huldt & Lillevik (NO), PBJ (DK), Viklo Oy (FI), Aditro Public (SE), Digital Booker (FI), and Abalon (SE).[25] 2016: Visma sold its BPO division (outsourced accounting, payroll and HR services) to Hg Capital to focus on its cloud software business. Visma also acquired over 20 cloud software companies in Europe.[26] 2017: Visma acquired Bluegarden, improving its position in the Danish payroll segment. During the year, Visma acquired a total of 12 companies, including Admincontrol, Megaflex Oy and NYCE solutions, expanding its offering in several new business areas. In June 2017, Visma's shareholder structure changed after KKR sold its entire remaining stake in Visma to an investor group led by HgCapital together with GIC, Montagu and ICG.[27] 2018: Visma acquired Raet, a large Dutch enterprise providing payroll and HCM (Human Capital Management) software.[28] 2019: Visma had a total turnover of NOK 16,500,000,000.[29] 2020: Visma acquired Yuki, a Dutch bookkeeping software platform.[30] 2021: Visma acquired ProSaldo.net, an Austrian bookkeeping and billing software platform, and Holded, a Spanish ERP and accounting company. 2022: Visma entered the French market via the acquisition of Inqom. Visma also acquired Dutch financial software company Lyanthe and Belgian software developers IonProjects and Teamleader. In May 2022, Visma announced the acquisition of Danish time registration system Intempus. Visma sold one of its Lithuanian subsidiaries to CVC Capital Partners. The remaining one is Visma's external programming service, based in Vilnius CBD. 2023: Visma entered the German market with the acquisitions of German financial software companies H&H and BuchhaltungsButler.[34] Visma also acquired Belgian company Silverfin, a provider of cloud accounting software.[XX] 2024: Visma entered the Italian market via the acquisition of Fiscozen, provider of tax advisory software. Sponsorship 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. The team won the 2022 Tour de France with Jonas Vingegaard, and followed up in 2023 with three Grand Tour victories, the first time this was ever accomplished by one team in one season. The team won the 2023 Giro d'Italia with Primož Roglič, the 2023 Tour de France with Jonas Vingegaard, and the 2023 Vuelta a España with Sepp Kuss. It also took the Green Jersey in Le Tour de France Femmes with Marianne Vos. Following the change of the CEO at Jumbo and its subsequent withdrawal from its World Tour cycling sponsorship, Visma took over as the primary sponsor, from the beginning of the 2024 season, for the team now called Visma | Lease a Bike. From the 2015/2016[44] through 2021/2022 ski seasons[45], Visma was also the title sponsor of Visma Ski Classics, a long-distance ski racing championship.

“Visma brings in new investors at $21 billion valuation”. Reuters.com. 2023-12-21. Retrieved 2024-05-27. “Visma attracts new investors for expansion”. London Stock Exchange. 2023-12-21. Retrieved 2024-05-27. ^ "Norwegian software firm Visma steps up M&A in the Netherlands". www.consultancy.eu. 2018-11-27. Retrieved 2023-04-26. ^ "Norwegian software firm Visma steps up M&A in the Netherlands". www.consultancy.eu. 2018-11-27. Retrieved 2022-02-01. ^ “New Horizons: Visma Annual Report 2023”. www.visma.com. Retrieved 2024-05-27. a b "Visma Embarks on a Digital Transformation Journey to Boost Efficiency". cts.co. Retrieved 2022-02-01. ^ Jump up to: “New Horizons: Visma Annual Report 2023”. www.visma.com. Retrieved 2024-05-27. a b "Norwegian cloud software firm Visma acquires Lyanthe to automatic invoice processing". Silicon Canals. 2022-03-14. Retrieved 2022-06-07. ^ Jump up to: a b Taylor, Dan (2022-06-23). "Visma acquires Belgium's Teamleader as it further strengthens its market position". Tech.eu. Retrieved 2022-06-28. ^ "Group structure Visma". Autumn 2018 – via Visma. {{cite journal}}: Empty citation (help): Cite journal requires |journal= (help) ^ Hoeffnagel, Wouter (2019-12-16). "Merete Hverven volgt Øystein Moan op als CEO van Visma". Dutch IT Channel (in Dutch). Retrieved 2022-04-19. ^ Annasha (2021-09-22). "Visma - A Leading Software Company In The Nordic Region And Europe". Your Tech Story. Retrieved 2023-02-27. ^ Visma to sell division to station 12 ^ Agreement on integration with SPCS ^ HgCapital strengthens Visma AS through the acquisition of AccountView B.V. ^ Official opening of Visma’s new headquarters in Oslo ^ KKR Agrees to Pay $935 Million for Stake in Software Maker ^ KKR to become new majority owner of Visma ^ Visma further strengthens its Nordic position through acquisition of Sirius IT ^ Visma offers to buy Mamut ^ Visma intends to make voluntary offer to acquire MAMUT ^ Visma delivers a strong quarter and launches ground-breaking cloud services ^ Visma acquires Duetto Group and enters the Finnish debt collection market ^ Visma, Valued at NOK21 Billion, Widens Shareholder Base ^ Buyout firm Cinven to invest in Norway's Visma As ^ Visma widens shareholder base. Valued at NOK21 billion ^ "The history of Visma". ^ "Divestiture of the Visma BPO division". ^ "History". www.visma.com. Retrieved 2018-09-14. “Visma enters German software market”. Techzine.eu. 2023-01-12. Retrieved 2024-05-27. ^ Brooks, Steve (2018-05-30). "Visma to buy Raet and expand presence in Netherlands". Enterprise Times. Retrieved 2022-08-09. ^ "Organisation". www.visma.com. Retrieved 2022-06-15. ^ "Yuki Works B.V., Acquired by Visma Oy on August 4th, 2020 | Mergr". mergr.com. Retrieved 2022-06-28. ^ Taylor, Dan (2021-06-18). "Holded now held by Visma for more than €120 million". Tech.eu. Retrieved 2022-02-08. ^ "New acquisition strengthens Visma's position in the Danish SMB market". Mynewsdesk. 5 May 2022. Retrieved 2023-03-09. ^ Grinkevičius, Paulius (2022-06-16). "Liuksemburgo CVC perka „Vismos" padalinį, kuriam priklauso ir dalis Lietuvos programuotojų". vz.lt (in Lithuanian). Retrieved 2024-03-09. ^ "Visma Ski Classics". ^ "Home". Langrenn (in Norwegian Bokmål). Retrieved 2022-06-15. ^ "CyclingPub.com - Team Jumbo welcomes Visma as name sponsor from 2019". www.cyclingpub.com. Retrieved 2018-12-11. “Long distance ski championship to be renamed Visma Ski Classics”. www.visma.com. 2015-10-06. Retrieved 2024-05-27. “Visma decides not to renew title sponsorship in Ski Classics”. www.visma.com. 2022-01-28. Retrieved 2024-05-27. Regurgence (talk) 08:20, 30 May 2024 (UTC)

Much of the above is promotional: the article has previously been tagged as promotional. Please do not propose changes which are promotional. I have largely re-written the article so it is now focussed on changes of ownership and entering new geographic markets. Dormskirk (talk) 23:32, 14 October 2025 (UTC)

Request for review and assistance

Hi everyone, I’m Astrid, PR and Communications Manager at Visma. As I have a conflict of interest, I’m seeking support from independent editors to review and improve a draft of this article.

I’ve prepared a proposed lead section and some background content and would appreciate feedback on neutrality, tone, structure, and sourcing to ensure it aligns with Wikipedia’s guidelines.

My goal is to help improve the accuracy and completeness of the article while respecting Wikipedia’s editorial standards.

My suggested copy is below, with the third-party sources included for new information. Thank you very much for your time and assistance.

Visma (acronym for Visual management) is a privately held company headquartered in Oslo, Norway, that provides cloud-based and AI-powered solutions for accounting, payroll, invoicing, and tax to SMBs and local governments.

Visma is the global owner of several local software brands, including e-conomic in Denmark, Conta Azul in Brazil, Netvisor in Finland, Holded in Spain, Inqom in France, Nmbrs in the Netherlands, Team Leader in Belgium, and Tripletex in Norway.

The Group is present across over 30 countries in Europe and Latin America, operating through two segments: Business and Public. The Business segment provides all-in-one cloud and business platforms for accounting, tax, payroll and invoicing, in addition to ERP and HRM add-ons for SMBs. The Public segment delivers software to local governments in the European public sector. In addition to accounting and payroll solutions, business units in the Group offer standardised software for the public sector.

The Group is majority owned by Hg Capital with minority investors including GIC, ICG, CPP Investments, TPG, Vind, Folketrygdfondet, Jane Street, and Aeternum.

== References ==

Astrid Z. Nielsen (talk) 09:36, 20 February 2026 (UTC)

Hi - The lead should be a brief summary of the article per WP:LEAD and should not introduce new material. Large elements of the above (about products and geographic reach) are promotional. As previously requested, please do not propose edits which are promitional. If there is anything that is actually inaccurate with the article, then this is the place to raise it. Thanks. Dormskirk (talk) 11:48, 4 May 2026 (UTC)

Hi,

Thank you very much for your feedback on the lead section edits. I have drafted suggested copy for the History section, with third-party sources for the inclusion of any new information, keeping in mind your comments regarding promotional content.

We’d be grateful in particular for your review of the sale to CVC in 2022. This was a sale that involved Visma’s IT consulting division with the Lithuanian subsidiary only forming a small part of the transaction. We have included third-party sources to this effect.

I would appreciate feedback from the editors on neutrality, tone, structure, and sourcing to ensure it aligns with Wikipedia’s guidelines. Thank you for your support.

+++

Proposed amended copy:

Visma, a portmanteau of "visual management" was formed through the merger of three local Norwegian companies—Multisoft, SpecTec and Dovre Information Systems—in 1996. It was listed on the Oslo Stock Exchange later that year. As of 2026, Visma has 170 businesses across 28 countries.

In May 2006, HgCapital made an offer for the company worth €552 million; HgCapital then took the company private.

KKR acquired a 76.9% ownership in Visma in September 2010. However, KKR then sold its stake for $1.8 billion in June 2017. In 2023, Visma brought in 20 new investors, including Altaroc, Jane Street and NYC Retirement System, via a share sale that valued the company at 19 billion euros ($21 billion)

Visma is currently majority owned by Hg Capital with minority investors including GIC, ICG, CPP Investments, TPG, Vind, Folketrygdfondet, Jane Street, and Aeternum.The Group operates through two segments: Business and Public, with Stian Svendsen appointed to run the Public segment as of March 2026.

Acquisitions

Visma acquired Spcs (formerly Scandinavian PC Systems) within the small business segment in February 2001.

Visma then entered the Dutch market through the acquisition of software company AccountView in December 2006.

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.

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

The company acquired Dutch financial software company Lyanthe in March 2022 and Belgian software developers IonProjects and Teamleader in April 2022. Visma sold its IT consulting division to CVC Capital Partners in June 2022.

Visma entered the French market via the acquisition of the software developer, Inqom, in September 2022. It then entered the German market with the acquisitions of German financial software companies H&H and BuchhaltungsButler in January 2023. It also acquired Belgian company Silverfin, a provider of cloud accounting software, in October 2023.

Selected past acquisitions include:

• Fiscozen: Italian tax software company acquired in 2024
• Moj eRačun: Croatian e-invoicing provider acquired in 2024
• Conta Azul: Entry into Brazilian market with acquisition in 2025
• YourNextConcepts: Dutch EdTech company acquired in 2025
• HealthConnected: Benelux based HealthTech provider acquired in 2025
• milia.io and Taxy.io: DACH AI-powered solutions for accountants and tax advisors acquired in 2025
• Accountable: Belgian-based fintech company, investment in 2025
• Evoliz: French financial management platform for SMEs acquired in 2025
• MaisMei: Brazilian acquisition in 2026
• fulll: French accounting software, strategic partnership to acquire in 2026.

Divestments and strategic exits

Visma exited its marine division to Dutch company Station in 2000 to concentrate on accounting software and business process outsourcing. The company divested its business process outsourcing division in 2016 and sold its IT consulting and infrastructure services operations to CVC in 2022, positioning Visma as a pure-play software company. In 2025, Visma continued its strategic focus on mission-critical software for small and medium-sized businesses and local governments with the sale of its Admincontrol business.

Detailed Amendments

Issue: Description of products and geographic reach

• Current State: No information currently available in History section; Intro section currently indicates the company operates across Europe and ‘a number of’ Latin American markets.
• Proposed Amendment:
  • As of 2026, Visma has 170 businesses across 28 countries.
• Source Material:
  • Financial Times, 2026
  • Financial Times, 2026

Issue: Current majority owner and minority investors

• Current State: Refers to Hg Capital (2006 offer and take private) and KKR (sale of stake)
• Proposed Amendment:
  • Ownership structure of Hg, and minority investors GIC, ICG, CPP Investments, TPG, Vind, Folketrygdfondet, Jane Street, and Aeternum
  • In 2023, Visma brought in 20 new investors, including Altaroc, Jane Street and NYC Retirement System, via a share sale that valued the company at 19 billion euros ($21 billion)
• Source Material:
  • Investors Chronicle, 2025; CityAM, 2025; Financial Times, 2025.
  • Reuters, 2023

Issue: Visma’s operating segments

• Current State: No reference to segments in History section; introduction section refers to market segments including ‘small business, medium business, public, and ecosystem’
• Proposed Amendment:
  • Clarify Visma’s streamlined operating structure that now focuses on two reportable segments: Business and Public
• Source Material
  • Visma 2025 Annual Report (internal source); Computer World Norway, 2026 (external source)

Issue: Acquisitions and market entries

• Current State: See Current Copy section
• Proposed Amendment: 2024, 2025 and 2026 acquisitions and market entries; factual correction regarding sale to CVC in 2022
  • Visma sold its IT consulting division to to CVC Capital Partners in June 2022.
  • 2024: 33 total across core markets + 2 new market entries in Italy (Fiscozen) and Croatia (Moj eRacun)
  • 2025: new market entry to Brazil (Conta Azul) and entry into new segments of EdTech (YourNextConcepts in NL) and HealthTech (HealthConnected in Benelux); emphasis on key acquisitions including milia.io and Taxy.io (DACH) and France (Evolitz)
  • 2026: MaisMei (continued expansion into Brazil) and strategic partnership to acquire Full (growing importance of French market)
• Source Material:
  • Sale to CVC:
    • Dagens Næringsliv, 2022
    • Finansavisen, 2022
  • Fiscozen: Startup Business Italy (2024)
  • Moj eRačun: Tech EU (2024)
  • Conta Azul: Bloomberg (2025)
  • YourNextConcepts: Dutch IT Channel (2025)
  • HealthConnected: IT Daily (2025)
  • milia.io and Taxy.io: Deutsche Startups (2025)
  • Evoliz: Tech EU (2025)
  • MaisMei: Pulse 2.0 (2026)
  • Fulll: Pulse 2.0 (2026)

Issue: Divestments

• Current State: See Current Copy section
• Proposed Amendment: Exits:
  • Divestiture of the business processing outsourcing division in 2016
  • Continues to increase its focus on mission-critical solutions for SMBs and local governments with the sale of Admincontrol in 2025
• Source Material:
  • BDO: https://www.hgcapitaltrust.com/news-insights/news/archive/19-09-2016-1
  • Admincontrol: https://www.armapartners.com/arma-partners-advises-visma-on-its-nok-4-65bn-sale-of-admincontrol-to-euronext/
  • Euronext: https://www.euronext.com/en/about/media/euronext-press-releases/euronext-scales-its-saas-offering-acquisition-admincontrol

Appendix: Current copy:

Visma, a portmanteau of "visual management", was formed through the merger of three local Norwegian companies—Multisoft, SpecTec and Dovre Information Systems—in 1996. It was listed on the Oslo Stock Exchange later that year.

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

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

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

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.

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

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

Visma entered the French market via the acquisition of the software developer, Inqom, in September 2022. It then entered the German market with the acquisitions of German financial software companies H&H and BuchhaltungsButler in January 2023.It also acquired Belgian company Silverfin, a provider of cloud accounting software, in October 2023. 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. Astrid Z. Nielsen (talk) 12:58, 2 July 2026 (UTC)

Hi - Wikipedia is independent so we cannot allow the article to be written by the company. If there is anything actually inaccurate with the current text, please let us know and provide an appropriate citation. Thanks. Dormskirk (talk) 13:12, 2 July 2026 (UTC)