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Visma continues its strategic expansion in the Dutch accountancy cloud with the acquisition of Cash Software

Mergers & Acquisitions

Visma, European leader in cloud business solutions, acquires online business software specialist Cash Software. With this strategic acquisition, which follows the acquisitions of Visionplanner, Nmbrs, and recently Yuki, the Visma Group continues to grow steadily in the Dutch accountancy and ERP market.

Cash Software, of which Microloon has been a part for seven years, was founded in 1984 and has been developing business software for SMEs for over 35 years. More than 10,000 companies now work with CASH and Microloon, which together carry out more than 400,000 administrations.

“Cash Software has grown by simply staying true to our vision: always putting the user first to be able to offer innovative business software with good service. Becoming part of the Visma family now gives us even more scope to continue to provide the best software and service and to create added value for all our users,” said Robert Mijnsbergen, CEO of Cash Software.

“CASH’s broad ERP cloud solutions for accountants and SMEs, in which more than 400,000 administrations are carried out, are a strategic extension of the Visma ecosystem. We are therefore extremely pleased that Cash Software has chosen to become part of our fast-growing Visma family. With the addition of Cash Software, we are one step closer to offering the most complete and innovative accountancy and ERP cloud ecosystem in the Benelux. Thanks to this cloud ecosystem, we are creating a flywheel of value creation for customers that we will share more about in the near future,” said John Reynders, Country Director of Visma Benelux.

Cash Software will remain a separate entity within the Visma group and continue its business activities as an independent organization. As part of the Visma family, the organisation will partner with the other Visma companies in the accountancy ecosystem giving added value that new and existing customers will benefit from. The two former owners, Jaap Boender and Zita de Booij, are saying goodbye to Cash Software. Owner Robert Mijnsbergen will continue on as Managing Director.

For more information, please contact:
John Reynders, Country Director of Visma Netherlands
Mobile: +31 620485282
Email: john.reynders@visma.com

About Visma
Visma offers software and services that simplify and digitalise core business processes in the private and public sector. The Visma group operates across the entire Nordic region along with Benelux, Central and Eastern Europe. With more than 11,000 employees, over 1,000,000 customer contracts and net revenue of €1.5 billion in 2019, Visma is one of Europe’s leading software companies. Visit https://www.visma.com/.

Visma's software offering on the Dutch market includes solutions for financial management, HRM, purchasing and e-government. In addition to Visma Connect and Visma Software, well-known organizations such as Visma Raet, Visma Roxit, ProActive, Davilex, Visma Idella, Dotweb, HR2day, PinkWeb, PlusPort, Visma Verzuim, Circle Software, Onguard, Visionplanner, IntraData, Nmbrs and Yuki are also part of the Visma group. Visma is title sponsor of Team Jumbo-Visma, one of the world's best cycling and skating teams.

About Cash Software
Cash Software is a highly experienced online business software specialist with which all standard business processes can be fully automated. Think of modules such as; financial, wages, trade, production, projects and CRM that work together as a complete ERP package for all types of companies, associations and foundations.

Cash's business software is especially suitable for SMEs and administration and accountancy firms that want to fully automate their processes and receive good service. Visit https://www.cash.nl/.