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Visma

From Wikipedia, the free encyclopedia
Visma Software International AS
TypePrivate
IndustryComputer software
GenreBusiness software provider
Founded1996; 30 years ago (1996) in Oslo, Norway
Headquarters
Oslo
,
Norway
Area served
Europe and Latin America
Key people
  • Ron Kalifa (non-executive chair)
  • 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 (2025)[2]
Websitevisma.com

Visma Software International AS is a Norwegian privately held provider of business software, headquartered in Oslo. The company develops cloud-based solutions for accounting, enterprise resource planning (ERP), payroll, invoicing, HR and other administrative processes for small and medium-sized enterprises and public-sector organisations.[3]

The Visma Group operates across Europe and Latin America through a network of software companies.[4] In 2025, the group reported more than 2.4 million customers.[5] The majority of Visma is owned by HgCapital, a private equity firm, alongside other institutional investors. [6]

History

[edit]

Visma, a portmanteau of "visual management",[7] was formed through the merger of three local Norwegian companies—Multisoft, SpecTec and Dovre Information Systems—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 an 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.[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 its IT consulting division to CVC Capital Partners in June 2022.[24]

Visma entered the French market via the acquisition of the software developer, Inqom, in September 2022.[25] It then entered the German market with the acquisitions of German financial software companies H&H and BuchhaltungsButler in January 2023.[26] It also acquired Belgian company Silverfin, a provider of cloud accounting software, in October 2023.[27] In April 2025, Visma acquired a minority stake in the German-Belgian fintech company Accountable,[28] which had introduced the first AI-based tax assistant in March 2024.[29]

Visma Software Nordic

[edit]

Visma Software Nordic is a regional division created in 2024 through the merger of Visma Software AS (Norway), Visma Software AB (Sweden), and NextGen AB.[30] The division provides cloud-based ERP solutions (Enterprise Resource Planning; business management systems) to medium and large enterprises in the Nordic countries. The main products are Visma Net, an ERP system for small and medium-sized businesses, and Business NXT, developed for larger organizations with complex requirements.[31]

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.[32]

References

[edit]
  1. 1 2 "Financials". Visma. Retrieved 15 October 2025.
  2. ↑ Gopinath, Swetha (18 December 2025). "Visma to Name Ex-Worldpay CEO Kalifa as Non-Executive Chair". Bloomberg News.
  3. ↑ "About Visma". Visma. Retrieved 21 August 2026.
  4. ↑ "Annual and Sustainability Reports 2025". Visma. 19 March 2026. Retrieved 21 August 2026.
  5. ↑ "Visma delivers strong 2025 with record customer intake and continued AI-led innovation". Visma. 25 February 2026. Retrieved 21 August 2026.
  6. ↑ "Visma attracts new investors for expansion". London Stock Exchange. 2023-12-21. Retrieved 2024-06-20.
  7. ↑ "Visma". Luca Regnskap (in Norwegian Bokmål). Retrieved 2024-08-06.
  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 acquires LogBuy". Legal Monitor. 8 February 2017. Retrieved 2026-07-23.
  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. ↑ "Visma acquires Inqom, expands into France". Techzine. 5 September 2022. Retrieved 14 October 2025.
  26. ↑ Klugt, Geert van der (2023-01-12). "Visma enters German software market". Techzine Europe. Retrieved 2024-06-20.
  27. ↑ Herbert, Tom (2023-10-06). "Visma snaps up Silverfin in €300m deal". AccountingWEB. Retrieved 2024-06-20.
  28. ↑ "Alle Steuern. Eine Lösung". Accountable (in German). Retrieved 2026-05-21.
  29. ↑ Antwort auf Deutschlands Steuerberatermangel: Accountable startet "ChatGPT" für Steuern, Finanznachrichten.de, retrieved 15 November 2025 (German)
  30. ↑ "Visma announces strategic move to strengthen cloud ERP offering in the Nordic markets". Visma.com. Retrieved 5 March 2026.
  31. ↑ "Visma: shaping the future of the software sector by innovating with Microsoft Azure". Microsoft Customer Stories. Retrieved 5 March 2026.
  32. ↑ "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.
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