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Milestones through the history of Visma

1996

Visma is founded in Oslo, Norway through the merger of MultiSoft, SpecTec and Dovre Information Systems.

N/A

1997

Financial crisis and turnaround, restructuring, new strategy, most of management and Board of Directors are replaced. Øystein Moan is named CEO.

 310

1998

A stable and strong enterprise. Building the Visma Marine Division to a global leader within the shipping industry.

 325

1999

Visma Software enters Denmark and the UK. Visma Business e-commerce is launched and the development of web and WAP extensions for all applications starts.

 400

2000

Visma Marine division is sold to Dutch company Station12 for NOK 730 million, considerable financial resources ensure growth and new strategy & division structure.

 180

2001

Visma Logistics launches two new Internet products, acquires 11 leading accounting practices and Spcs and enters Finland.

 1,570

2002

Avendo (Spcs) launches in Norway, Visma enters the Norwegian micro market and the public sector market. Visma Services enters the Danish market.

 1,570

2003

Visma enters major cooperation agreements with Norway's largest bank (DNB) and the national postal service.

 1,749

2004

Establishes electronic data centre in Oslo: 2 million incoming invoices in 2005. Visma enters the public sector market with debt collection and temp services.

2,079

2005

Major re-branding campaign in Sweden. Management Trainee Program introduced.

 2,347

2006

Enters The Netherlands through the acquisition of AccountView. Change of ownership: British private equity firm HgCapital becomes the new majority owner. De-listed from the Oslo Stock Exchange. Major branding campaign in Norway.

2,515

2007

60 % growth in EBITDA.

2,843

2008

3 billion NOK in revenue establishes Visma as a major player in the Nordic region.

3,092

2009

Visma Retail division established. New HQ at Skøyen, Oslo. Becomes second-largest accounting firm in Finland. 10 000 SaaS users.

3,758

2010

KKR new majority owner. The acquisition of Sirius sees Visma enter the Software Consulting market in Norway, Sweden and Denmark.

4,442

2011

Visma acquires Mamut. The acquisition of Active24 sees Visma enter the hosting market.

4,501

2012

Visma launches Visma.net - a world-leading SaaS solution for small and medium-sized businesses. Visma introduces Net Promoter Score - renowned customer satisfaction and nurturing program.

5,385

2013

Visma signs its biggest deal to date to develop an administration solution for Norwegian schools. Visma enters into a partnership with Swedish Internet company InExchange and acquires Finnish Duetto Group.

5,648

2014

Visma widens its shareholder base and is valued at NOK 21 billion. The company enters the Latvian ERP market through the acquisition of the FMS Group. Strong growth in

Finland through the acquisitions of Logium, Finvalli and Priorite.

6,300

2015

Visma conducts several major acquisitions: e-conomic (DK), SpeedLedger (SE), Huldt & Lillevik (NO), Viklo Oy (FI) and Aditro Public (SE). Visma becomes the title sponsor of Visma Ski Classics.

7,440

2016

Visma has an ambitious cloud strategy and invests heavily in cloud R&D and acquisitions of cloud software companies, strengthening its position as Europe ́s leading provider of SaaS solutions for businesses in both the public and private sector. The BPO division is sold to HgCapital.

5,463

2017

Visma enters 2017 as a pure software company, and cloud revenue continues to be the main growth driver. Acquires 12 companies, including Bluegarden (the largest acquisition to date). KKR sells its entire remaining stake in Visma to an investor group led by HgCapital together with GIC, Montagu and ICG.

9,146

2018

Visma expands into new markets by acquiring Szàmlàzz in Hungary and SaldeoSMART in Poland. Growth continues in the Netherlands through the acquisition of Raet, a market leader in HR and government software, along with several other companies. Visma signs a sponsorship deal to become the title sponsor of Team Jumbo-Visma, starting January 1, 2019.

9,500