Visma acquires Norwegian IT company Compello AS
The acquisition strengthens Visma’s offering in the management of invoices and other critical business documents
Visma has acquired Compello AS, a leading Norwegian IT company offering cloud-based solutions that simplify everyday life in the management of invoices and other key business documents. With a heart for the environment, Compello works towards paperless payment in society and has received the Eco-Lighthouse environmental certification in Norway. The company has large growth ambitions, both nationally and internationally.
“With Visma, Europe's leading software company, as a strategic partner and owner, we look forward to further accelerating our growth ambitions”, says CEO of Compello, Torgeir Letting.
By digitising and improving the distribution of business documents, Compello addresses the automation needs of small, medium and large companies, and has for many years built a solid position in the market.
Compello will continue as a separate company under its own brand. As before, products and services will be developed, maintained and supported where the company is represented. The changes in ownership will not affect customers or employees.
“We are very pleased to take over the ownership of Compello. We know the company well, both from the outside and as a customer, and we are impressed by what they have achieved. We look forward to exploring further growth opportunities together, and we are confident that our combined expertise will benefit our customers and Compello”, says Liv-Kari Kroken, Head of Invoice Lifecycle Management at Visma.
Torgeir Letting of Compello sees numerous opportunities and synergies with Visma as owner: “Visma offers products and services that can complement Compello's portfolio. This will provide unique opportunities to create added value for new and existing customers. Simplifying companies' everyday lives, continuing to be a driving force for innovation, and being a preferred advisor to customers will continue to be the most important drivers for the company”, he concludes.
Compello AS was established in 1996 and is headquartered in Fornebu, Norway. The company has 55 employees and a turnover in 2019 of NOK 96 million. Compello has approximately 1 000 customers. See compello.com.
For more information, please contact:
- Liv-Kari Kroken, Head of Invoice Lifecycle Management at Visma: +47 975 17 118
- Torgeir Letting, CEO of Compello: +47 916 55 537