Acquisition no42 of 2022 is now official! VISMA enters the German software market through the acquisitions of BuchhaltungsButler.
Businesses and organisations are rapidly changing from conventional on-premises software to more secure, effective, and easily connectable cloud solutions as digitalisation and IT security are prominent on the European agenda.
Merete Hverven, CEO of VISMA, says: “At VISMA, we pride ourselves on developing software that makes work more enjoyable and societies more efficient. We believe that businesses that invest in the latest digital tools will have a competitive edge, both in the marketplace and in the fierce competition for new talent”.
Timm C. M. Overmans, M&A Director of VISMA: “We are extremely proud to announce our first step into the financial management sector in Germany.”
"By bringing BuchhaltungsButler to the VISMA family, we continue our road toward European growth. We have an amazing market opportunity in Germany, and we will help our new businesses to expand more quickly, says Merete Hverven, CEO of VISMA.
Mirko Heide, Managing Director of IEG – Investment Banking Group: “The acquisition of BuchhaltungsButler by VISMA lays the foundation for many more transactions to come in Germany and helps the company strengthen its position in the DACH region.”
IEG – Investment Banking Group has acted as the exclusive financial advisor to VISMA.
VISMA was founded in 1996 in Oslo, Norway, through the MultiSoft, SpecTec and Dovre Information Systems merger. As the leading provider of mission-critical cloud software to SMEs and the public sector in Europe, VISMA offers ERP solutions for industries including accounting, payroll, and human resources management.
The 2015-founded SaaS (Software as a Service) business BuchhaltungsButler provides financial management software emphasising accounting automation. Small enterprises are the majority of the clientele.
The VISMA Group now consists of 170 businesses throughout Europe and Latin America after making 42 acquisitions in 2022, including a maiden market launch in France.
Through strategic acquisitions that suit the company's strategic position, VISMA intends to maintain its growth in Germany.