Operating Company Software

Visma

Oslo, Norway

Leading provider of mission-critical business software and cloud business applications. Visma owns and shapes business software companies, helping small and medium-sized businesses and the public sector simplify and automate core work across Europe and Latin America.

Focus Areas
Cloud business software, ERP, Accounting software
Website
www.visma.com

Tracked deals

8

8 tracked deals across 2020-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

7 buyout · 1 growth capital

Visma Acquisition Volume by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for Visma. 1 2020 1 2022 2 2023 3 2025 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Visma
    Target
    MaisMei
    Industry
    Cloud & SaaS
    Location
    Santa Catarina, Brazil
    Type
    Buyout

    Norwegian software provider Visma has acquired MaisMei, a Florianópolis‑based mobile-first compliance and business management platform for Brazil’s Individual Micro Entrepreneurs (MEIs). The deal expands Visma’s footprint in Brazil and creates a product "start‑to‑scale" pathway by linking MaisMei’s compliance tools with Visma’s Conta Azul cloud ERP offering.

  • Buyer
    Visma
    Target
    Lara AI
    Location
    Buenos Aires, Argentina
    Type
    Buyout

    Visma has acquired Lara AI, an Argentine AI-driven employee experience and HR automation platform, to strengthen its HR Tech offering in Latin America and accelerate deployment of AI-driven HR solutions across its customer base. The acquisition adds Lara AI's conversational HR and automation capabilities to Visma's portfolio, supporting faster scaling of AI-powered HR services for Visma customers in the region.

  • Buyer
    Visma
    Target
    Finmatics
    Industry
    Cloud & SaaS
    Location
    Vienna, Austria
    Type
    Buyout

    Visma has acquired Finmatics, an AI-powered pre-accounting SaaS provider that serves over 1,200 accounting firms, corporates and SMBs in Austria and Germany. The deal expands Visma's product offering for accountants and strengthens its presence in the DACH region; Finmatics will continue to operate under its existing brand and management.

  • February 13, 2025
    Buyer
    Visma
    Target
    Link My Books
    Industry
    Cloud & SaaS
    Location
    England, United Kingdom
    Type
    Buyout

    Visma has acquired Link My Books, an automated bookkeeping SaaS for e-commerce sellers, in a deal advised by FE International. The acquisition expands Visma's cloud accounting capabilities and gives Link My Books access to greater resources to support international growth while retaining operational autonomy.

  • Buyer
    Altaroc, Jane Street, NPS, NYC Retirement System, Hg, ICG, TPG, Visma management
    Target
    Visma
    Industry
    Software
    Location
    Norway

    Hg-backed software group Visma expanded its shareholder base in a transaction valuing the company at EUR 19 billion, welcoming around 20 new investors and raising over €1bn from new investors plus roughly €3bn of new investment from existing shareholders. Named new investors include Altaroc, Jane Street, NPS and the NYC Retirement System, while existing/co-investors providing further capital include Hg, ICG, TPG and Visma management to support continued international expansion and product innovation.

  • September 25, 2023
    Buyer
    Visma
    Target
    Silverfin
    Seller
    Hg, Smartfin
    Industry
    Cloud & SaaS
    Location
    East Flanders, Belgium
    Type
    Buyout

    Norwegian software group Visma has acquired Silverfin, a Ghent-based cloud accounting software provider, to strengthen its position in cloud accounting across Europe and expand its presence in the Belgian market. Silverfin — founded in 2013 with ~170 employees and ~850 direct customers — will continue to scale its cloud-native post-accounting platform within Visma, leveraging its AI capabilities and international customer base.

  • March 10, 2022
    Buyer
    Visma
    Target
    Lyanthe
    Industry
    Cloud & SaaS
    Location
    Limburg, Netherlands
    Type
    Buyout

    Visma has acquired Lyanthe, a Netherlands-based provider of automated invoice and pre-accounting software for accountants and administrative firms. Lyanthe will continue operating under its own name within the Visma Group and will be added to the Visma Connected Experience to expand Visma's automated invoice processing and pre-accounting capabilities across the Benelux and Scandinavia.

  • Buyer
    Hg (Hg Saturn 2 Fund), GIC, CPPIB (Canada Pension Plan Investment Board), TPG, Warburg Pincus, General Atlantic, ICG (Intermediate Capital Group), Visma management
    Target
    Visma
    Seller
    Montagu, Hg Genesis 7 Fund (reduced holding)
    Industry
    Cloud & SaaS
    Location
    Norway
    Type
    Buyout

    Hg’s Saturn team led a consortium of existing and new investors — including GIC, CPPIB, TPG, Warburg Pincus, General Atlantic and ICG — in a transaction that buys Montagu’s stake in Visma and values the company at NOK 110 billion (US$12.2 billion), the largest-ever software buyout. The deal recapitalizes Visma’s investor base (Hg retaining ~54% post-transaction) and brings additional growth capital to the Oslo-headquartered SaaS leader, which employs over 11,000 people and serves more than one million business customers.

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