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Visma moves into the Spanish SMB market by acquiring cloud ERP software company Holded

Mergers & Acquisitions

Visma has acquired Holded, provider of the fastest-growing cloud ERP & accounting software in Spain.

The Holded logo.

Leading European software company Visma, ranked the world’s #9 cloud service provider by analytics company Apps Run The World (ARTW), has acquired Holded, provider of the fastest-growing cloud ERP & accounting software in Spain. By joining the Visma family, Holded will benefit from Visma’s international experience to boost product development and consolidate its position as the leading cloud ERP provider for small businesses in Spain.

“We believe that Visma is the perfect partner at this stage of our journey. Holded will get the support and experience from one of the leading European companies in our field. This will allow us to double down on our mission of helping small businesses and accounting offices to manage their business operations,” said Javi Fondevila, Co-founder of Holded.

“Our vision is to use product and technology as the pillar to grow and make customers happy.  We want to create the best platform to help small businesses and accounting offices digitise and automate to boost productivity. Visma is definitely the best partner to do it,” said Bernat Ripoll, Co-founder of Holded.

Founded in 2016, Holded has become one of Spain's leading cloud ERP solutions in less than four years. It has succeeded by offering the first cloud ERP that was truly designed for small businesses to manage invoicing, accounting, CRM, inventories, projects and HR, with an attractive and easy-to-use interface. 

Traditionally, ERPs have been mostly designed for and sold to big enterprises, making it difficult for small business owners and their teams to benefit from such a powerful technology that centralises and automates business operations. 

“We are highly impressed with what Holded has accomplished. They’ve built a robust product with satisfied customers, an engaged team and a very professional way of running the business. We see that Holded is the future of accounting in their market and we couldn’t miss this opportunity to join forces with such a strong partner and set foot in Spain.”

“We see great possibilities by combining the best ERP product in Spain with Visma’s network of competence. Together we want to help Spanish small businesses, entrepreneurs and accountants to succeed,” said Visma’s CEO Merete Hverven.

Holded plans to hire more than 300 people to keep improving its products and services and consolidate its position as the fastest-growing company in the cloud ERP & Accounting segment in the Spanish market.

Holded will continue to operate its business activities as an independent organisation, and its founders Javi Fondevila and Bernat Ripoll will continue managing the company.

About Holded

Holded was founded in 2016 by Javi Fondevila and Bernat Ripoll, who met each other on Facebook with the idea of reinventing ERP for small businesses. Their obsession with creating the best product has allowed them to become one of the most popular startups in Europe and the fastest-growing software company in their home market Spain. In 4 years they managed to onboard more than 80 000 businesses.

About Visma

Visma offers software and services that simplify and digitise the most important business processes in the private and public sectors. The Visma Group is active throughout the Scandinavian region, along with the Benelux, Central, and Eastern Europe. With more than 12 000 employees, more than 1 100 000 customer contracts, and net sales of more than € 1.7 billion in 2020, Visma is one of Europe's leading software companies.