Visma BPO

Headquartered in Oslo, Norway, Visma specializes in cloud-based software solutions that streamline business operations across various sectors, including small and medium enterprises, accounting, and the public sector. Visma BPO, founded in 1996 in Oslo, Norway, provides cloud-based software solutions for diverse industries. The company underwent a significant change in ownership when it was acquired by Azets Holdings Limited (CogitalGroup) from Hg in late 2016 for undisclosed financial terms. Visma has completed 2 deals overall, with its most recent deal occurring on October 12, 2016.

The company has raised a total of NOK 4000. 00 mn through its latest funding round, the Secondary Buyout, which was led by Hg. Visma offers a comprehensive range of business software solutions, with a focus on cloud-based offerings that serve small and medium-sized enterprises, accounting firms, and public sector organizations. Its core products include Enterprise Resource Planning (ERP) systems, customer relationship management (CRM) tools, and payroll and HR management software, all designed to enhance operational efficiency and decision-making.

Visma's products are accessible in international markets, serving over 2. 1 million customers worldwide. The company's subscription-based revenue model ensures a steady income stream through recurring client payments, facilitating long-term customer relationships. Key products, such as Visma.

net and Visma Business, significantly contribute to the overall revenue structure and reflect the company’s scalability within the SaaS market. Following the most recent acquisition in October 2016, Visma plans to leverage its cloud software solutions to expand into new markets, specifically targeting regions across Europe and Latin America. The funds from the NOK 4000. 00 mn Secondary Buyout will be utilized to enhance product development and support market expansion initiatives, although specific new product launches and timelines have not been disclosed.