(Back)

26.10.2000

Visma acquires Factor Online



Visma ASA has acquired 50.2% of the shares in Factor Online AS. Factor Online started business fairly recently, but it is showing rapid growth as an outsourcing supplier of accounting and administrative services. The acquisition of the company is part of Visma’s strategy for developing a Business Service Provider division. Factor Online will have sales of NOK 3 million in 2000, with a profit after tax of NOK 0.2 million. In 2001, sales of NOK 5 million are expected, with a profit of NOK 0.8 million. Including a share offering in Factor Online of NOK 0.4 million, Visma has paid a total of NOK 1.7 million for 50.2% of the shares in Factor Online. Visma has an option to acquire up to 100% of the shares in the company.



For further information, please contact:

Øystein Moan, CEO,
Visma ASA,
tel. (+47) 6752 55 00,
mobile (+47) 920 800 00.