Oslo, January 30th 2014
Visma strengthens its position as the largest ERP vendor in Finland by acquiring Finnvalli, a Finnish accounting software and real estate management company. The acquisition strengthens Visma’s ERP footprint in Finland and underpin Visma’s position as the largest vendor in Finland.
Finnvalli has experienced strong growth during the last few years, and the revenue reached 5 M€ in 2013. Finnvalli is well known for its high quality services and solid reputation in the market.
– This acquisition strengthens Visma’s focus on Cloud based business solutions and is a valuable addition to Visma’s portfolio. We are looking forward to the synergies to be created through Finnvalli’s extensive SaaS offering, CEO of Visma, Øystein Moan says.
This acquisition underpins Visma’s strong focus on accounting offices and increased focus on the Finnish market. Visma now employs more than 900 people in Finland and the number is growing rapidly.
– This acquisition strengthens Visma’s position in the Finnish market. We are looking forward to leverage from Finnvalli’s newly developed real estate product, Moan says.
Before acquisitions Visma had approximately overall 17% market share* in Finland (SME).
– After this acquisition we have clear leading position in the Accounting Office sector and we are able to invest more and offer broader and more value-added services to our customers, the new Managing Director of Finnvalli, Juha Mäntylä says.
– This acquisition strengthens our position in real estate management sector and gives us unique opportunities to utilize the business model change towards more collaborative customer service with Finnvalli’s leading end-to-end automation, Mäntylä says.
This is the second Visma acquisition within one week. Last week Visma acquired Priorite and expanded the Finnish operations to include software consulting.
Juha Mäntylä, Managing Director of Finnvalli, +358 400406767
*Aara, Enterprise Software 2012-2014 SME.