The story
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 Station12. 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 May 2015, Visma acquired the Danish cloud accounting company e-conomic and the Swedish accounting software company SpeedLedger from HgCapital.
In February 2017, Visma acquired the biggest employee benefits platform in Denmark, LogBuy.
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.
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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 Accountable, which had introduced the first AI-based tax assistant in March 2024.
From Wikipedia’s article on Visma, shared under CC BY-SA 4.0.5