Visma

Oslo, Norway Founded: 1996 • Age: 30 yrs Acquired By Hg
Cloud-based ERP software is provided for business management across segments.
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About Visma

Visma is a company based in Oslo (Norway) founded in 1996 was acquired by Hg in June 2017.. Visma has raised $198.09 million across 9 funding rounds from investors including KKR, TPG and Hg. Visma has completed 143 acquisitions, including 1st Web, Abalon and Acubiz. Visma offers products and services including Cloud Software and ERP Suites. Visma operates in a competitive market with competitors including Workday, Intuit, Deltek, Infor and SAP, among others.

  • Headquarter Oslo, Norway
  • Stage Decacorn
  • Sectors
    Technology
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Technology → Enterprise Software & Productivity Solutions
Technology → Marketing, Adtech & Commerce Technology
Key Metrics
  • Annual Revenue
  • Net Profit
    $339.39 K (USD)
    0
    as on Dec 31, 2021
  • EBITDA
  • Total Equity Funding
    $198.09 M (USD)

    in 9 rounds

  • Latest Funding Round
  • Investors
    KKR

    & 14 more

  • Employee Count
    Employee Count
  • Investments & Acquisitions
    1st Web

    & 142 more

  • Acquired by
    Hg

    & 1 more

    (Jun 29, 2017)

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Products & Services of Visma

Visma offers a comprehensive portfolio of products and services, including Cloud Software and ERP Suites. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Platform for efficient business operations and growth tools

Software for managing finances and resources in medium businesses

People of Visma
Headcount 5000-10000
Employee Profiles 341
Employee Profiles
People
Kasper Lyhr
Responsible For Visma Public
People
Jan Frode Engkrog
Division Controller, SMB
People
Malin Carlson
Managing Director Visma Tech AB
People
David Lacko
C# Developer

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Funding Insights of Visma

Visma has successfully raised a total of $198.09M across 9 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding
  • Total Rounds 9
  • Last Round
  • First Round

    (01 Jun 2006)

  • Investors Count 11
Date Amount Transaction Name Valuation Lead Investors Investors
Sep, 2021 Amount Unspecified - Visma Valuation Norges Bank Investment Management , Aeternum Capital
GIC , ICG
Aug, 2020 Amount Unspecified - Visma Valuation TPG , Warburg Pincus
Jan, 2019 Amount Unspecified - Visma Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Visma

Visma has secured backing from 15 investors, including institutional and venture fund investors. Prominent investors backing the company include KKR, TPG and Hg. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Sovereign wealth is managed and private equity investments are facilitated.
Founded Year Domain Location
Vindgroup is engaged in owning and developing diverse businesses.
Founded Year Domain Location
ICG is recognized as a global alternative asset manager.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Visma

Visma has strategically engaged in corporate development activities, having acquired 143 companies. Notable acquisitions include 1st Web, Abalon and Acubiz. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
Legal processes are digitized and automated via an online platform.
2021
An accounting and finance management platform is provided by Triangelsolutions.
2019
Online tax filing software is offered to individuals and businesses.
2019
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - Visma

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Visma Comparisons

Employees
+
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Competitors of Visma

Visma operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Workday, Intuit, Deltek, Infor and SAP, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Cloud-based HR and financial software is delivered to enterprises.
domain founded_year HQ Location
Financial and accounting software is developed for businesses and individuals.
domain founded_year HQ Location
Cloud-based ERP software is provided for project-driven organizations.
domain founded_year HQ Location
Cloud-based ERP software is offered for multiple industries.
domain founded_year HQ Location
Cloud and AI-based ERP software is offered for enterprises.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Visma

Frequently Asked Questions about Visma

When was Visma founded?

Visma was founded in 1996 and raised its 1st funding round 10 years after it was founded.

Where is Visma located?

Visma is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.

Who is the current CEO of Visma?

Merete Hverven is the current CEO of Visma.

Is Visma a funded company?

Visma is a funded company, having raised a total of $198.09M across 9 funding rounds to date.

What does Visma do?

The company was founded in 1996 in Oslo, Norway, and operates in the enterprise software sector. Cloud-based solutions for resource planning are delivered through five segments: SMB, enterprise, custom solutions, retail, and IT and hosting. ERP, payroll, HR, accounting, invoicing, collections, and procurement tools are offered in SMB and enterprise areas. Retail software suites and supporting infrastructure are supplied in the retail segment.

Who are the top competitors of Visma?

Visma's top competitors include Intuit, Workday and Deltek.

What products or services does Visma offer?

Visma offers Cloud Software and ERP Suites.

How many acquisitions has Visma made?

Visma has made 143 acquisitions, including 1st Web, Abalon, and Acubiz.

Who are Visma's investors?

Visma has 15 investors. Key investors include KKR, TPG, Hg, General Atlantic, and Warburg Pincus.

What is Visma's valuation?

The valuation of Visma is $19B as of Sep 2021.

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