Press release

Visma closes 2021 with a strong performance in Q4, with Annualised Repeatable Revenue (ARR) growing 25,6% to € 1 649m

Total revenue for Q4 grew 18,0% to € 564 million, while EBITDA increased 10,1% to € 150 million.

Read the full report


All business areas had double-digit growth

Compared to the same period last year, all of Visma’s business areas had healthy, double-digit growth.

Visma Nordics grew by 30%; Visma Benelux by 15%; Visma Custom Solutions by 15%; and Visma’s geographical expansion areas in Central and Eastern Europe and Latin America by an impressive 61%.

Notable milestones

Visma’s Annualised Repeatable Revenue (ARR) this quarter was € 1 649 million, a growth of 25,6% compared to the same period last year.

80% of Visma’s total revenues now come from cloud software and services. SaaS subscription and transaction revenues increased 30,5% compared to the same period last year.

Over 22 million invoices and nearly 10 million payslips now flow through Visma’s software systems every month.

16 new companies acquired

16 companies joined Visma in Q4. Visma closed the year with a total of 42 acquisitions, its most ever in one year.

Visma completed the year with a presence in two new markets: Spain, through the acquisition of cloud ERP provider Holded (Q2), and Austria, through the acquisition of SaaS accounting and invoicing company (Q4).

Notable acquisitions in Q4 included:

  • Finnish payroll and HR software Oiima
  • Danish expense management solution Acubiz
  • Danish planning software Plandisc
  • Swedish healthcare scheduling software Medinet
  • Danish subscription management System Upodi
  • Finnish fintech/bank connection software provider Avalosys
  • Dutch e-commerce platform MyOnlineStore
  • Dutch performance and talent management software Dialog

Q4 2021 by the numbers

For more information, please contact:

Merete Hverven, CEO of Visma, +47 48 02 14 15

Visma is a leading provider of mission-critical business software for a more efficient and resilient society. By simplifying and automating the work of companies and organisations of all sizes, we improve people's everyday lives. With 14,000 employees, 1,135,000 private and public sector customers across the Nordics, Benelux, Central and Eastern Europe and Latin America, and net revenue of €1,741 million in 2020, we are committed to making tomorrow better than today. Visit us at


Lage Bøhren

Lage Bøhren

Director of Communications


+47 921 57 801

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