17 April 2012
Visma acquires Agda, a software company specializing in solutions for Human Resource Management (HRM) and Payroll, generating approximately 525,000 pay-slips on a monthly basis corresponding to 25 percent market share in the private sector in Sweden. It makes Visma the number one provider of Payroll Systems and HRM to companies in Sweden and strengthens the Group’s position as the largest supplier of software and services within Payroll and Business Process Outsourcing (BPO) in the Nordic region. At the same time, it marks another milestone, as Visma now generates 2.3 million pay-slips each month.
“This acquisition strengthens Visma’s position both as a supplier of software solutions within HRM and payroll, as well as it strengthens the competitiveness and ability to deliver even more unique services within Payroll and BPO to our customers in Sweden and across other markets. The result is payroll market leadership both within the Swedish private sector, as well as throughout the Nordic region, as Visma now generates 2.3 million pay-slips each month” says Øystein Moan, CEO of Visma.
“We are excited to become a part of Visma, an ambitious and rapid-growing family of very interesting companies in several countries. We look forward to generate even more value for our existing clients that are given access to Visma’s broad range of products and services within a vast number of areas, making it easy to choose the solutions and services that fit each company and their specific needs. We are especially focused on contributing to build further on Visma’s position within HRM and Payroll. Visma’s Nordic ambitions within these areas, as a combined supplier of software and services, have lit a spark in the entire Agda Management Group as we believe this strategic move opens up new and exciting possibilities both for Visma and our customers” says Elisabeth Widegren, Managing Director of Agda.
“We set out to make sure both existing and new customers can benefit from our determination in offering solutions and services that creates increased efficiency and competitiveness. Visma’s focus on Payroll and HRM is core in this development. We believe in offering individual solutions and services as well as combined solutions, as many companies are looking for a way to combine their needs within these areas. Thus, going forward, Visma will contribute to our customer’s pursuit of increased efficiency” says Øystein Moan, CEO of Visma.
“The acquisition of Agda also fuels additional competitiveness within our outsourcing services as it accelerates the ability to benefit from Visma’s best-practice and market leading solutions when offering services within payroll, HRM and outsourcing to its customers. Agda is a solid and well-positioned company and has become the leading payroll company in Sweden. Their large customer base, combined with Visma’s platform of corresponding services and solutions, fits well into our international payroll strategy” says Øystein Moan.
The acquisition of Agda coincides with Visma’s strategy in building a solid market leading position within Payroll and Human Resource Management across existing and new markets. Visma’s goal is to further grow the position in Sweden, and the acquisition of Agda is a part of this strategy.
For more information, please contact:
Øystein Moan, CEO of Visma, +47 920 80 000