M&A Deal Summary

Visma Acquires SpeedLedger AB

On May 11, 2015, Visma acquired software company SpeedLedger AB from e-conomic UK Online Solutions

Acquisition Highlights
  • This is Visma’s 17th transaction in the Software sector.
  • This is Visma’s 5th transaction in Sweden.

M&A Deal Summary

Date 2015-05-11
Target SpeedLedger AB
Sector Software
Buyer(s) Visma
Sellers(s) e-conomic UK Online Solutions
Deal Type Divestiture

Target

SpeedLedger AB

Gothenburg, Sweden
SpeedLedger AB is a European software as a service (SaaS) accounting solutions providers to SMBs.

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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 25 of 88
Sector: Software M&A 17 of 45
Type: Divestiture M&A Deals 2 of 4
Country: Sweden M&A 5 of 12
Year: 2015 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-11 e-conomic UK Online Solutions

Berkshire, United Kingdom

e-conomic UK Online Solutions Ltd. is one of Europe’s major SaaS accounting solution provider for small and medium-sized businesses with >100,000 customers for its core product e-conomic, and >320,000 sign-ups for its invoicing, expense and accounting light product Debitoor (www.debitoor.com). e-conomic offers an easy to use, time saving and collaboration enabling accounting solution to a fragmented and low penetrated base of SMEs and accountants (>3,500 accounting partners) via a SaaS subscription model. The company operates in its core home market of Denmark and serves customers across numerous other European countries, including Norway, Sweden, Spain, Germany and UK.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-11 Viklo Oy

Jyväskylä, Finland

Viklo Oy is an ERP and software solutions consulting company.

Buy -

Seller(S) 1

SELLER

e-conomic UK Online Solutions

Berkshire, United Kingdom

Category Company
Founded 2001
Sector Software
DESCRIPTION

e-conomic UK Online Solutions Ltd. is one of Europe’s major SaaS accounting solution provider for small and medium-sized businesses with >100,000 customers for its core product e-conomic, and >320,000 sign-ups for its invoicing, expense and accounting light product Debitoor (www.debitoor.com). e-conomic offers an easy to use, time saving and collaboration enabling accounting solution to a fragmented and low penetrated base of SMEs and accountants (>3,500 accounting partners) via a SaaS subscription model. The company operates in its core home market of Denmark and serves customers across numerous other European countries, including Norway, Sweden, Spain, Germany and UK.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-10 SpeedLedger AB

Gothenburg, Sweden

SpeedLedger AB is a European software as a service (SaaS) accounting solutions providers to SMBs.

Buy -