Add-on Acquisition • Internet Software and Services

Viking Venture Exits Penneo

On March 12, 2025, Visma invested in internet software and services company Penneo from Viking Venture

Investment Context
  • This is Visma’s 17th transaction in the Internet Software and Services sector.
  • This is Visma’s 14th transaction in Denmark.

Explore All 10210 Add-on Acquisition Internet Software and Services Deals - Search the Database Free


Investment Summary

Date March 12, 2025
Target Penneo
Sector Internet Software and Services
Investor(s) Visma
Sellers(s) Viking Venture
Deal Type Add-on Acquisition

Target Company

Penneo

Copenhagen, Denmark
Penneo is a software-as-a-service company that provides an eco-system of automation solutions that digitizes companies' workflows of customers onboarding, signing, and managing documents. It offers software for the audit and accounting industry. Penneo was founded in 2014 and is based in Copenhagen, Denmark.
Explore More Deals

Browse All 215,130 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Investor Overview 1

Investor

Visma

Oslo, Norway

Category Company
Founded 1985
Sector Software
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 Context for Investor #
Overall 89 of 89
Sector: Internet Software and Services 17 of 17
Type: Add-on Acquisition 82 of 82
Country: Denmark 14 of 14
Year: 2025 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-13 Link My Books

Stanley, United Kingdom

Link My Books is a software solution catering to e-commerce merchants offering streamlined accounting solutions. The Company’s services focus on automating financial processes and reconciling sales data across multiple e-commerce platforms with popular accounting software such as Xero and QuickBooks. Link My Books was formed in 2018 and is headquartered in Stanley, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-13 Admincontrol

Oslo, Norway

Admincontrol is a provider of cloud-based board portals and virtual data room solutions. Admincontrol offers web-based solutions as well as a separate iPad and iPhone app for secure interactions and easy sharing of documents in business processes such as board and management work, due diligence, capital injections, and stock exchange listings. Admincontrol was founded in 2005 and is based in Oslo, Norway.

Sell €398M

Seller Profile 1

SELLER

Viking Venture

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
PE ASSETS 4.0B NOK
Size Middle-Market
Type Sector Focused
DESCRIPTION

Viking Venture is a early to later stage investment firm that looks to invest in fast-growing Scandinavian start-ups. The Firm has a preference for B2B software companies looking to expand operations globally. Viking Venture was formed in 2001 and is headquartered in Trondheim, Norway.


Deal Context for Seller #
Overall 2 of 2
Sector: Internet Software and Services 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Denmark 1 of 1
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-18 Jamix

Jyvaskyla, Finland

Jamix is a software company and a system provider for commercial kitchens that develops digital solutions for professional kitchen management. The Jamix system helps save time and money in the kitchen, ensures consistent quality, and supports sustainable operations, particularly in managing food waste. Jamix is based in Jyvaskyla, Finland.

Buy -