Visma
Visma is a European software group serving 1.8 million customers in 32 countries, employing 15,300 people, and generating EUR 2.4 billion in revenue with a focus on cloud solutions, sustainability, and innovation.
Overview of Visma
Visma is a significant player in the European software market, serving 1.8 million customers across 32 countries. Comprising 188 companies within its group, Visma employs 15,300 people and posted total revenue of EUR 2.4 billion in 2023. Known for its steady growth over two decades, Visma provides extensive support in technology, people, and business development for entrepreneurial companies under its umbrella. Visma's continued expansion includes recent entries into Italy, France, and Portugal.
Visma Cloud Software Solutions
Visma offers a range of cloud software solutions catering to enterprises, small businesses, the public sector, and accounting offices. These cloud products are pivotal for enterprises striving for clarity, small businesses looking to start and grow with ease, and public sector entities aiming for efficiency. Presently, 1.8 million customers benefit from Visma's high-security cloud offerings, supported by a thriving developer community in Europe.
Sustainability Efforts at Visma
Visma places significant emphasis on sustainability, addressing social and environmental challenges in the tech industry. Their sustainability goals include a 50 percent reduction in scope 1 and market-based scope 2 emissions by 2030, and achieving net zero emissions by 2040. In 2023, their e-invoicing solutions contributed to reducing carbon footprints by nearly 67% compared to paper invoices. Visma's Annual and Sustainability Reports for 2023 reflect their strong commitment, alongside record revenue and robust customer growth.
Visma’s Financial Performance and Investments
In 2023, Visma achieved an EBITDA of EUR 705 million, marking a 20 percent increase from the previous year. The majority of their revenue came from subscription-based SaaS products, accounting for 72% of the total. Visma also invested EUR 495 million in product development to ensure future growth and innovation. The company has nearly 200 ongoing AI initiatives, reflecting a strong commitment to advancing their technological capabilities.
Visma’s Digital and Partner Solutions
Visma offers a popular digital signature product used by over 50,000 customers, processing approximately 20,000 signatures daily in countries like Norway, Sweden, Finland, and the Netherlands. Their partner program, available in Norway, Finland, Sweden, Netherlands, and Denmark, provides access to world-class solutions and collaborative opportunities. These initiatives highlight Visma's commitment to reducing operational costs and enhancing business efficiencies through digital transformation.