M&A Deal Summary

Visma Acquires SIA Jumis Pro

On October 26, 2020, Visma acquired information technology company SIA Jumis Pro

Acquisition Highlights
  • This is Visma’s 13th transaction in the Information Technology sector.
  • This is Visma’s 2nd transaction in Latvia.

M&A Deal Summary
Date 2020-10-26
Target SIA Jumis Pro
Sector Information Technology
Buyer(s) Visma
Deal Type Add-on Acquisition

Target

SIA Jumis Pro

Rīga, Latvia
website
SIA Jumis Pro is engaged in the development and maintenance of the accounting system Tildes Jumis. Formed as an independent company in August 2020 after separating from SIA Tilde. The growth of the Tildes Jumis system in recent years has been largely driven by a focus on user needs and innovations, such as mobile application development, e-invoicing, a more user-friendly environment, the human resources and payroll solution Tildes Jumis Staff, integration with the SRS EDS system and rapid integration of the latest legal requirements into the system.

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Buyer(S) 1

Buyer

Visma

Oslo, Norway

website

Category Company
Founded 1985
Sector Information Technology
Revenue 5.1B NOK (2013)
DESCRIPTION

Visma offers software and services that simplify and digitize core business processes in the private and public sectors. Visma was founded in 1985 and is based in Oslo, Norway.

DEAL STATS #
Overall 65 of 85
Sector (Information Technology) 13 of 19
Type (Add-on Acquisition) 61 of 78
Country (Latvia) 2 of 2
Year (2020) 10 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-06 DomaCare

Espoo, Finland

Invian Oy develops and operates ERP solutions for care and social sector management. DomaCare offers solutions, care, and social sector professionals are able to simplify their key process from start to finish, streamlining the activities of everyone in the sector. Invian was established in 2007 and is based in Espoo, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-20 Ditmer A/S

Aabyhoj, Denmark

Ditmer digitizes work processes to build efficiency, quality, compliance, and innovation. The company is built on the understanding that successful digitalization can only be realized through streamlined processes and better customer experiences. Ditmer is the story of a skilled team that is passionate about developing tomorrow's digitalization and spreading the new opportunities that technology creates for both public and private organizations. Ditmer was formed in 2001 and is based in Aabyhoj, Denmark.

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Mergr

Product

Company

Legal