Visma Group, leading provider of business-critical software to private and public enterprises in the Nordic, Baltic and Benelux regions, has acquired 100% of the shares of Idella, one of the leading providers of financial software and services for pension funds, banks and insurance companies in the Netherlands.
Visma continues to look at opportunities to further increase its presence and product offering in the Netherlands, following on from the other recent acquisitions of ProActive, a provider of full range SaaS-based procurement-to-pay software solutions, Raet, a leading provider of cloud‑based payroll and Human Capital Management (‘HCM’) software and services and Pink Web, supplier of an online customer interaction platform for accounting firms and their clients.
Together, these acquisitions form a comprehensive offering of sustainable products and services that gives value to both new and existing customers.
“Visma’s range of true cloud software and services are leading across Europe. Alongside our other recent acquisitions, we’re delighted to welcome Idella, who contribute significantly to this offering, helping to provide customers in the Netherlands the benefits of this modern technology. Idella have been an innovative player in the Dutch market for over thirty years offering a sustainable portfolio of software and services. Their highly skilled workforce has helped to build one of the most trusted partners in the sector, providing significant value to a loyal customers base” Nils Vold, Division Director of Visma, said.
“I am very enthusiastic about joining Visma as it is a perfect opportunity for Idella to keep growing and continue providing our loyal customers with great services. We are enthusiastic about securing the long-term continuity of the Idella Finance Suite while at the same time increasing our powerful capacity for innovation. In our opinion the innovative company culture at Idella is a perfect match with Visma which will benefit both our employees and customers” Marc Boesmans, CEO Idella Groep, said.
Idella will remain a separate entity within the Visma group as a part of the Enterprise Division.
No details around the transaction will be disclosed.
Idella offers software and services that administer and digitise core business processes of pension funds, banks, insurance companies and pension administrators. With over 110 employees we service more than 40 financial institutions among which Achmea, PGGM, Van Lanschot (evi), Pension fund DSM, Pension fund Catering. Visit https://www.idella.nl/