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]