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Visma continues to expand in the Dutch Accounting Office space with the acquisition of Yuki

Mergers & Acquisitions

Yuki logo

Rotterdam / Amsterdam / Antwerp

Visma, the European leader in cloud business solutions, takes over the all-in-one accounting platform, Yuki. This is Visma's third strategic acquisition in the accountancy software market in a short period. With the acquisition of Yuki, Visma has immediately taken the lead in the market and now offers accountants the most innovative and complete cloud ecosystem.

Yuki was founded in 2007 and is active in the Netherlands, Belgium, and Spain with approximately 200 employees. Every day, more than 1,300 accountancy firms and around 100,000 entrepreneurs work with software from Yuki. Ten years ago, the founders set the innovation for the accountancy market in motion with the introduction of fully automated processing of accounts through intelligent document recognition. Since its introduction on the Belgian market in 2014, Yuki has grown into a unique challenger with the fastest growing cloud accounting solution that uniquely unites entrepreneurs and accountants.  

"Yuki is super ambitious and wasn't about to sell yet," said Lucas Brentjens, CEO of The Yuki Company. “However, it became clear that with the recent acquisitions, Visma was going to completely change the landscape of cloud software for the accountancy portfolio. This combination offers many additional opportunities for accelerating our ambitions and driving further innovation in the accountancy market.”

"Yuki has brought to life the realization that accountants can and should go beyond the pure 'compliance' part of their profession, but also and above all should focus on creating added value for their customers," said Marc Coppens, founder and CEO Yuki Belgium & Spain.

“We are extremely proud to welcome Yuki to our fast-growing Visma family. After the recent additions of Visionplanner and Nmbrs and now Yuki, three of the most innovative cloud leaders in the Dutch and Belgian accountancy domain have opted for Visma in a short time. With this, Visma offers a complete and innovative accountancy cloud ecosystem in the Netherlands and Belgium. Through this cloud ecosystem, we will create a catalyst of value creation for customers. ” says John Reynders, Country Director Visma Benelux.

Under the current name, Yuki continues its business activities as an independent organization. As part of the Visma family, it will also work with the other Visma companies in the accountancy ecosystem to create the flywheel of value creation for clients. 

 

About Visma

Visma supplies software that digitizes business processes for SMEs, large businesses, and the (semi) public sector. The Visma Group is active throughout Scandinavia, Benelux, Eastern and Central Europe, and Latin America. With 11,000 employees, 1 million customer contracts, and net sales of 1,526 million euros in 2019, Visma is one of Europe's leading software companies.

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, VerzuimSignaal, Circle Software, Onguard, Visionplanner, IntraData, and Nmbrs are part of the Visma group. Visma is the title sponsor of Team Jumbo-Visma, one of the world's best cycling and skating teams.

 

About Yuki

Yuki is an accounting platform active in the Netherlands, Belgium, and Spain where the administrative processing is fully integrated with automatic document recognition, a portal for customer communication, and control tools to manage the administrative process. This has dramatically accelerated the financial reporting and consultation process.

The strength of Yuki is that the Yuki software takes a lot of work off your hands. An entrepreneur can easily deliver documents at any time. The smart Yuki software does find out where the document should be placed. For example, the financial housekeeping is available in real-time online for an entrepreneur 24/7. The front of Yuki has been specially developed for entrepreneurs and the back for accountants.

Yuki was founded in 2007 by Arco van Nieuwland, Lucas Brentjens, and Sebastian Toet, who previously were pioneers at Exact Software. The Yuki Company also includes online invoice recognition platform DizzyData and online dashboarding software supplier Comandi.

 

For more information, please contact:

Milan Vaassen, PR & Brand Manager, Visma Netherlands

E: milan.vaassen@visma.com

T: +31 (0) 6 36 14 19 47