Visma
| Company type | Privately owned company |
|---|---|
| Industry | Software, Cloud computing |
| Founded | 1996 |
| Headquarters | Oslo , Norway |
Area served | Europe, Latin America |
| Products | Cloud-based solutions for accounting, payroll, invoicing, human resources business software applications |
| Owner | HgCapital (majority private equity firm) |
'Visma (derived from Visual management) is a privately owned enterprise headquartered in Oslo, Norway, specializing in cloud-based solutions for accounting, payroll, invoicing, and human resources business software applications. Predominantly controlled by the private equity firm HgCapital, Visma caters to small and medium-sized enterprises, public sector organizations, and various ecosystems throughout Europe and select regions of Latin America.
History
The origin of Visma dates back to 1996 when it was formed through the consolidation of three Norwegian companies: Multisoft, SpecTec, and Dovre Information Systems. That same year, the company was listed on the Oslo Stock Exchange. In 2000, Visma sold its Marine division to the Dutch firm Station12 and further expanded its footprint by acquiring Spcs, a Swedish leader in small business software, in 2001.
In May 2006, HgCapital purchased Visma for €552 million, resulting in its privatization. Later that year, Visma entered the Dutch market by acquiring AccountView. In 2010, KKR acquired a 76.9% ownership interest and subsequently divested it in 2017 for $1.8 billion.
Visma broadened its HR portfolio with the acquisition of Denmark’s LogBuy in 2017. This expansion continued with the purchase of Dutch payroll and HCM provider Raet in 2018, bookkeeping platform Yuki in 2020, Spanish ERP company Holded in 2021, and Austrian bookkeeping software ProSaldo.net also in 2021.
Additional acquisitions included Dutch financial software developer Lyanthe and Belgian firms IonProjects and Teamleader in 2022. That year, Visma divested a Lithuanian subsidiary to CVC Capital Partners but maintained ownership of its external programming services operating out of Vilnius.
The company extended its presence into France by acquiring Inqom in 2022. In 2023, Visma entered the German market through acquisitions of H&H and BuchhaltungsButler and also acquired Belgian cloud accounting provider Silverfin. In 2025, Visma acquired a minority shareholding in German-Belgian fintech Accountable, recognized for launching an AI-driven tax assistant earlier that year.
Sponsorship
Visma secured a five-year sponsorship agreement in 2018 with the professional road cycling squad Team Jumbo-Visma, which competes on the UCI World Tour. This partnership began on January 1, 2019. Despite this collaboration, Jonas Vingegaard’s spouse publicly expressed criticism toward Team Visma, accusing the team of applying undue pressure on the Tour de France champion.