M&A Deal Summary

Visma Acquires Lumesse - EasyCruit

On May 16, 2016, Visma acquired software company Lumesse - EasyCruit from Lumesse

Acquisition Highlights
  • This is Visma’s 22nd transaction in the Software sector.
  • This is Visma’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2016-05-16
Target Lumesse - EasyCruit
Sector Software
Buyer(s) Visma
Sellers(s) Lumesse
Deal Type Divestiture

Target

Lumesse - EasyCruit

Surrey, United Kingdom
Lumesse - EasyCruit is a provider of software solutions for recruitment. Company have over 600 EasyCruit customers and have local expertise to understand business environment. EasyCruit is available in 40 languages.

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Buyer(S) 1

Buyer

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 STATS #
Overall 35 of 89
Sector: Software M&A 22 of 45
Type: Divestiture M&A Deals 3 of 4
Country: United Kingdom M&A 2 of 3
Year: 2016 M&A 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-03 bWise AS

Oslo, Norway

bWise AS is a Norway's major centre of expertise within Business Intelligence (BI), data warehouse and enterprise resource management solutions with over 300 completed projects. bWise was founded in 2007 and has 40 employees located in Oslo, Drammen and Stavanger.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-19 Visma - BPO Division

Oslo, Norway

Visma's BPO Division is a provider of outsourced accounting, payroll and HR services to 20,000 businesses in the Nordic region. Visma's BPO Division is based in Oslo, Norway.

Sell -

Seller(S) 1

SELLER

Lumesse

Bedfordshire, United Kingdom

Category Company
Founded 1999
Sector Internet Software and Services
Employees600
DESCRIPTION

Lumesse Ltd. is a provider of strategic HR software (e-recruiting and talent management) to 1,700 medium and large enterprises in Europe, the US and Asia-Pacific, operating in 17 countries. Lumesse Ltd. was founded in 1999 and is based in Bedfordshire, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-31 Edvantage Group

Oslo, Norway

Edvantage Group was established in 1999 and subsequently acquired the e-learning operations of Skillsoft in Sweden and Benelux, e-learning business Boxer (Norway) and Kognita (UK). The Group provides its customers with access to training material from a number of suppliers. Edvantage Group operates in Norway, Sweden, Denmark, UK and the Benelux countries.

Buy -