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Visma acquires Merit Tarkvara

Mergers & Acquisitions

September 11, 2018

Visma expands its geographic footprint and strengthens its Northern European leadership in cloud-based ERP for accountants and the SMB segment with the acquisition of Estonia based Merit Tarkvara.

The acquisition is part of Visma’s strategy to deliver the best solutions to accountants and SMB companies in Northern Europe. The key products Merit Aktiva and Merit Palk are effective and accessible cloud-based tools for accountants and small business owners, facilitating collaboration between them while keeping the operations simple and secure.

– The acquisition of Merit Tarkvara is an important step in expanding Visma’s footprint in efficiency improvement for accounting offices and SMBs in Northern Europe. This will further establish Visma as a leading provider of complete cloud solutions in the segment. We believe adding Merit to the Visma group will create new opportunities and increase value for existing and new customers, says Steffen Torp, Division Director, Visma Software SMB.

Visma increases its geographic footprint with entry into Estonia and will improve Merit Tarkvara value proposition offering additional relevant products to its customers. Estonia will be an important Software as a Service development centre for Visma going forward.

- The performance of Merit Tarkvara during the past few years has been remarkable. There has been significant growth in Estonia, and expansion into Poland and Finland. With the shared vision of making accounting processes simple for SMBs, Visma is the perfect partner to take Merit Tarkvara to the next level, says Andres Kert, CEO of Merit Tarkvara.

Merit Tarkvara has successfully demonstrated that it can grow its Estonian customer base with more than 10,000 SMB customers in Estonia for its core products, and take them to a modern cloud-based solution. Merit Tarkvara, as part of the Visma group, will continue as an independent entity under the Merit brand focused on delivering great products and top class customer service.

For further details, please contact:
Steffen Torp, Division Director, Visma Software SMB +47 47600082
Andres Kert, Managing Director, Merit Tarkvara +372 505 0039

About Merit Tarkvara
Merit Tarkvara was founded 27 years ago, based on accounting, payroll and stock managing software, with the key products Merit Aktiva and Merit Palk as effective and accessible cloud-based tools for both accountants and small business owners. Merit Tarkvara has 30 employees, is headquartered in Estonia, and has subsidiaries in Finland and Polen.