Visma
| Company type | Private |
|---|---|
| Industry | Computer software |
| Genre | Business software provider |
| Founded | 1996 in Oslo, Norway |
| Headquarters | , Norway |
Area served | Europe and Latin America |
Key people |
|
| Products | Business software |
| Revenue | €2,804 million (2024)[1] |
| €893 million (2024)[1] | |
| Owner | HgCapital (70.2%) GIC (14.2%) ICG (3.1%) |
Number of employees | 17,500 (2025)[2] |
| Website | visma |
Visma Software International AS is a privately held company headquartered in Oslo, Norway, that provides cloud accounting, payroll, invoicing, and HR business software products.[3] The majority of the company is owned by HgCapital, a private equity firm.[4] The Group's market segments include small business, medium business, public, and ecosystem.[5] The Visma Group operates across Europe and a number of countries in Latin America.[6]
History
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 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]
Visma Software Nordic
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] The division is headquartered in Oslo and employs approximately 650 people across 11 countries.[32]
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.[33] However, the wife of Tour de France winner, Jonas Vingegaard, was highly critical of Team Visma, claiming the team pushed him too hard.[34]
References
- ^ a b "Financials". Visma. Retrieved 15 October 2025.
- ^ Gopinath, Swetha (18 December 2025). "Visma to Name Ex-Worldpay CEO Kalifa as Non-Executive Chair". Bloomberg News.
- ^ "Visma brings in new investors at $21 billion valuation". Reuters. 2023-12-21. Retrieved 2024-06-20.
- ^ "Visma attracts new investors for expansion". London Stock Exchange. 2023-12-21. Retrieved 2024-06-20.
- ^ "Visma Annual Report 2023: New Horizons" (PDF). visma.com. Retrieved 2024-06-20.
- ^ Taylor, Dan (2022-06-23). "Visma acquires Belgium's Teamleader as it further strengthens its market position". Tech.eu. Retrieved 2022-06-28.
- ^ "Visma". Luca Regnskap (in Norwegian Bokmål). Retrieved 2024-08-06.
- ^ "Norwegian software firm Visma steps up M&A in the Netherlands". www.consultancy.eu. 2018-11-27. Retrieved 2022-02-01.
- ^ "Norwegian software firm Visma steps up M&A in the Netherlands". www.consultancy.eu. 2018-11-27. Retrieved 2023-04-26.
- ^ 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". Telecom Paper. Retrieved 14 October 2025.
- ^ "Agreement on integration with SPCS". 7 February 2001. Archived from the original on 2017-12-13. Retrieved 2015-05-22.
- ^ "HgCapital offers €552 million for Norway's Visma". Private Equity International. 30 May 2006. Retrieved 14 October 2025.
- ^ "HgCapital strengthens Visma AS through the acquisition of AccountView B.V." Archived from the original on 2018-08-03. Retrieved 2015-05-18.
- ^ "KKR Agrees to Pay $935 Million for Stake in Software Maker". Bloomberg. Retrieved 14 October 2025.
- ^ "KKR sells stake in Norwegian software company Visma for $1.8 billion". Reuters. 28 June 2017. Retrieved 14 October 2025.
- ^ "visma.dk". www.visma.dk (in Danish). Retrieved 2025-11-18.
- ^ Brooks, Steve (2018-05-30). "Visma to buy Raet and expand presence in Netherlands". Enterprise Times. Retrieved 2022-08-09.
- ^ "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.
- ^ "Visma acquires Finmatics". International Accounting Bulletin. Retrieved 14 October 2025.
- ^ "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.
- ^ "Visma Group (NO) acquires ionProjects in Flanders". Invest in Flanders. 28 April 2022. Retrieved 14 October 2025.
- ^ "CVC Capital Partners Fund VIII to acquire Visma's digital transformation business". Private Equity Wire. 16 June 2022. Retrieved 14 October 2025.
- ^ 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 acquires Inqom, expands into France". Techzine. 5 September 2022. Retrieved 14 October 2025.
- ^ Klugt, Geert van der (2023-01-12). "Visma enters German software market". Techzine Europe. Retrieved 2024-06-20.
- ^ Herbert, Tom (2023-10-06). "Visma snaps up Silverfin in €300m deal". AccountingWEB. Retrieved 2024-06-20.
- ^ Antwort auf Deutschlands Steuerberatermangel: Accountable startet "ChatGPT" für Steuern, Finanznachrichten.de, retrieved 15 November 2025 (German)
- ^ "Visma announces strategic move to strengthen cloud ERP offering in the Nordic markets". Visma.com. Retrieved 5 March 2026.
- ^ "Visma: shaping the future of the software sector by innovating with Microsoft Azure". Microsoft Customer Stories. Retrieved 5 March 2026.
- ^ "Om oss - Visma Software Nordic". Visma.no (in Norwegian). Retrieved 5 March 2026.
- ^ "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.
- ^ "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.