Who we are
More than 25 years of software innovation have made us who we are today: a pure play software company serving global needs.
What we do
Connected by software
– driven by people
We develop and deliver software to small businesses, medium and large enterprises, and the public sector – improving the work-life of millions of people around the world. Our software simplifies and automates complex and manual work processes, empowering people’s everyday lives.
Visma is a collection of entrepreneurial companies, each with their own start-up mentality, personality, and leadership. All our companies have business autonomy and go-to-market freedom – a key ingredient to our growth.
Empower people by simplifying and automating complex processes
Shaping the future of society through technology
How we grow
We buy brilliant businesses
From our early days in 1996, as a single Norwegian company with just over 300 employees, we’ve developed into one of Europe’s leading software companies. How? By being on the constant lookout for one-of-a-kind entrepreneurs and businesses.
With new companies joining forces with us almost weekly, we get to empower new markets, and together take software innovation to new heights.
Visma by the numbers
"Visma enables businesses and organisations to grow and thrive. We’ll continue our expansion in existing and new markets, to meet the steadily increasing demand for flexible, efficient and secure cloud solutions."
Merete Hverven, CEO
How we grow
Some of the milestones that have shaped Visma and turned us into what we are today.
Visma is founded through the merger of three software companies and listed on the Oslo Stock Exchange. With presence in the Norwegian and Swedish markets, our headquarters are located in Oslo, Norway.
Why Visma? It’s short for visual management applications.
Setting a new course
After a period of financial challenges, Øystein Moan is recruited as new CEO in 1997. His journey towards building one of Europe’s largest software companies begins with a successful change in structure and strategy. In 2000, we sell our marine division – freeing up resources to pursue growth within accounting software and business process outsourcing (BPO).
Expanding our horizon
We continue our expansion within business software and BPO, and enter the public market with debt collection and temp services. In 2006, British private equity firm Hg Capital acquires a controlling stake in Visma, and we are delisted from the Oslo Stock Exchange.
Moving to the cloud
We’ve now grown from 300 to more than 3700 employees in 12 years, and move into our new HQ at Skøyen, Oslo in 2009. The following year we get a new majority owner in US private equity firm KKR – in a transaction valuing Visma at NOK 11 billion. In this period we also make our first move into IT consulting, as well as identifying cloud computing and SaaS as our strategic priorities.
Increasing in value
2012 kicks off with the launch of Visma.net ERP, a pioneering SaaS solution, to the SMB market. We continue to invest heavily in R&D, acquiring more cloud software companies to strengthen our position as Europe’s leading SaaS provider for the private and public sector.
Continued geographical expansion
In 2017, KKR sells its entire remaining stake in Visma to an investor group led by Hg Capital. The transaction values Visma at NOK 45 billion. In 2019, we become a proud title sponsor for the cycling team Team Jumbo-Visma.
A change at the top
Merete Hverven succeeds Øystein Moan as CEO of Visma, stepping up from her role as Chief HR Officer and Deputy CEO. As the pandemic hits, the significance of flexible, accessible and secure cloud software becomes even more evident for businesses and societies.
A pure play software company
We divest our businesses within IT consulting and infrastructure services (CIS), emerging as a pure play software company. Our business model shows resilience through a turbulent period for the global economy, as we achieve record revenue of 1.97 billion and end the year with 1.4 million customers across Europe and Latin-America.
Where the progress happens
With thousands of employees across the world, we get the best of both worlds: the feeling of local startups, with the perks of belonging to an international group. Our headquarters are in Oslo, Norway.