Media centre

All Group media enquiries should be directed to
Vanessa Maydon, Corporate Affairs Director.

Cinven Partners LLP
Warwick Court
Paternoster Square
London EC4M 7AG

Tel: +44 (0)20 7661 3325
Mob: +44 (0)7802 961 902
Email: Vanessa Maydon

Press releases

Visma
11 May 2015

Visma strengthens Nordic leadership in cloud based ERP

Visma strengthens the Nordic leadership in cloud based ERP for the SMB segment with the acquisition of Danish based e-conomic and Swedish based SpeedLedger, leading European software as a service (SaaS) accounting solutions providers to SMBs.  

Visma will acquire the core Nordic business of e-conomic in an all share deal with HgCapital, and will also significantly increase its share of SaaS revenue in Sweden by acquiring a majority share of SpeedLedger, the second largest SaaS accounting solution provider in Sweden  HgCapital will retain a majority stake in the international business of e-conomic and Debitoor, a invoicing and accounting light solution.   

- The acquisition of e-conomic is an important part of Visma's focus on automation and efficiency improvement for accounting offices and SMBs in Denmark, and will contribute to further establish Visma as a leading provider of complete cloud solutions for the segments in the Nordics. We believe this will create new opportunities and increase value for existing and new customers, says Øystein Moan, CEO of Visma.  Visma, e-conomic and SpeedLedger share the strategy of becoming a leading European SaaS SMB solution provider and will benefit from each other.

Visma will significantly increase its presence in the core Danish market, which has so far been less penetrated than the other Nordic countries. Visma will improve e- conomic's value proposition offering additional relevant products to e-conomic customers (e.g. payroll), and Copenhagen will be an important "Software as a Service" development centre for Visma going forward.

- The performance of e-conomic and SpeedLedger during the past few years has been remarkable. There has been significant growth both in Denmark and the Nordics. With the shared vision of making accounting processes simple for small and medium sized businesses, Visma is the perfect partner to take e-conomic to the next level, says Nic Humphries, Managing Partner of HgCapital.  

e-conomic has successfully demonstrated that it can grow its Danish customer base with more than 75,000 SMB customers in Denmark for its core product e-conomic; as well as the ability to expand internationally. e- conomic and SpeedLedger, as parts of the Visma group, will continue as independent entities under the e- conomic and SpeedLedger brands focused on delivering great products and top class customer service.

Portfolio company videos

 Clinical Trials

Bioclinica

Clinical Trials

 Travel services provider

Hotelbeds Group

Travel services provider

 Truck component manufacturer

Jost

Truck component manufacturer

 Footwear and accessories retailer

Kurt Geiger

Footwear and accessories retailer

 Contract research organisation

Medpace

Contract research organisation

 Electronic security and alarm systems

Pronet

Electronic security and alarm systems

 Property valuation and advisory services

Tinsa

Property valuation and advisory services

 Ufinet is a neutral telecom operator.

Ufinet

Ufinet is a neutral telecom operator.

 Business services software

Visma

Business services software

Media contacts

Cinven

Vanessa Maydon
Corporate Affairs Director
Tel : +44 (0)20 7661 3325
Mob : +44 (0)7802 961 902
Email : Vanessa Maydon

Clare Bradshaw
Communications Manager
Tel : +44 (0)20 7667 3248
Mob : +44 (0)7881 918 967
Email : Clare Bradshaw

UK - FTI Consulting

Edward Bridges
Tel : +44 (0)20 7269 7147
Mob : +44 (0)7768 216 607
Email : Edward Bridges

Stephanie Ellis
Tel : +44 (0)20 3727 1173
Mob : +44 (0)7890 543 056
Email : Stephanie Ellis

France โ€“ FTI Consulting

Guillaume Granier
Tel : +33 (0)1 47 03 68 61
Mob : +33 (0)6 32 65 79 28
Email : Guillaume Granier

Caroline Guilhaume
Tel : +33 (0)1 47 03 68 17
Mob : +33 (0)6 38 91 88 51
Email : Caroline Guilhaume

Germany - FTI Consulting

Lutz Golsch
Tel : +49 (0)69 920 37 110
Mob : +49 (0)173 651 7710
Email : Lutz Golsch

Daniel Herbert
Tel : +49 (0)69 920 37 183
Mob : +49 (0)151 122 63834
Email : Daniel Herbert

US - Joele Frank

Jonathan Keehner
Tel : +1 212.355.4449
Mob : +1 917 589 2073
Email : Jonathan Keehner

Julie Oakes
Tel : +1 212.355.4449
Mob : +1 917 574 7263
Email : Julie Oakes

Spain โ€“ Groupo Albion

Alejandra Moore Mayorga
Tel : +34 91 531 23 88
Email : Alejandra Moore Mayorga

Sofia Garcia
Tel : +34 91 531 23 88

Italy โ€“ Community Group

Roberto Patriarca
Tel : +39 02 89 40 42 31
Mob : +39 335 65 09 568
Email : Roberto Patriarca

Marco Pedrazzini
Tel : +39 02 89 83 66 21
Mob : +39 347 0369 222
Email : Marco Pedrazzini