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15.10.2001

Visma - a new key player in the accounting sector


The listed company Visma ASA is aiming for a leading role in the Nordic financial services market with its new wholly owned subsidiary Visma Services ASA. Visma ASA is listed on the Oslo Stock Exchange and has its head office in Oslo, Norway. The Group, which currently has some 1,100 employees, had sales of NOK 944 million in 2000. In the Nordic countries, Visma Services ASA is the leading full-scale service provider of accounting and financial services, personnel, debt collection and administration of accounts receivable. The organization today comprises 40 companies and divisions which serve their respective local markets in Norway, Sweden, Denmark and the United Kingdom. Visma Services has a clear ambition for further expansion in Norway and abroad.

Change of name to Visma Services
During the current year, the market-leading �konomiPartner Group, Forenede �konomer, and a number of wholly and partly owned accounting firms with a total of 800 employees have been combined in the company Visma Services ASA. From 15 October 2001, the new constellation - which is now contributing to a major restructuring of the accounting sector - will be marketed under the name of Visma Services.

Challenging the establishment
"A consolidation on the scale that Visma Services represents is a challenge to a rather conservative sector. As a broad-range supplier, we represent a new and exciting concept which will also have a consolidating effect in a sector dominated by smaller players," say �ystein Moan, CEO of Visma ASA, and Ada Kjeseth, CEO of Visma Services ASA.

Ambitions for strong growth
"We aim to become the leading Nordic leading player in financial services," state �ystein Moan and Ada Kjeseth.
Visma Services works for more than 7,000 customers in various sectors, and offers services in accounting, consulting and financial/administrative computer solutions. More information is available on Visma's Web pages: http://www.vismaservices.no , http://www.visma.no or http://visma.no


Contacts:
�ystein Moan, CEO, Visma ASA - Tel.: (+47) 23 15 80 00
Ada Kjeseth, CEO, Visma Services ASA - Tel.: (+47) 22 58 46 56.
Mobile tel.: (+47) 900 60 834