July 8, 2022
Inqom offers software that automates accounting processes through artificial intelligence and employs a team of close to 100 professionals. The acquisition constitutes Visma’s first market entry into France, expanding the company’s presence to 29 countries across Europe and Latin America.
“We are thrilled to announce our arrival in the French market by investing in Inqom. Like Visma, they develop unique technology to help customers become more efficient and competitive. Through this acquisition, we are accelerating out ambitious growth strategy both in existing and new markets”, said Merete Hverven, CEO of Visma.
Expanding from its Nordic base, Visma has grown to become one of Europe’s largest providers of cloud-delivered software as a service (SaaS) to the private and public sectors, focusing particularly on Accounting ERP, HRM and eGovernment software.
European tech entrepreneurs, with vital and innovative cloud solutions, increasingly see Visma as the preferred partner to take their businesses to the next level.
“Translink CF is proud to be part of this thrilling move from Visma. Considering the size of the market, entering France is a milestone for this visionary company”, said Hans Henrik Westberg, Partner at Translink CF, Norway.
“The industrial backing of Visma will create new and significant market opportunities, and we see major growth potential in France going forward. Accounting firms are under increasing pressure to automate complex and time-consuming processes, both to attract new talent and keep up with rising demands from their own clients. We have the tools that can help them”, says Romain Passilly, CEO of Inqom.
Inqom’s current management team will remain in place and the company will continue to develop and market its products under the same brand, in line with Visma’s autonomous governance model.
“Visma will continue to deploy its unique model in France. The company is a very relevant alternative for entrepreneurs willing to boost their development by leveraging Visma’s unique know how and the power of its organization “, says Marc Irisson, Partner TMT at Translink CF France.
Visma reported record revenue and EBITDA of 2.1 billion and 590 million euros respectively in 2021. Inqom becomes Visma’s 31st acquisition so far in 2022, compared to 42 in total in 2021.
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Synergos is an exclusive partner in Norway for Translink Corporate Finance, a global network of M&A advisory firms with over 300 advisers in 35 countries around the world. Our network is unique for companies with international interest and a critical differentiator, which provides us with an unmatched reach, local knowledge, and relationships.
Headquartered in the city of lights, Paris, and with an office in the beautiful port city of Bordeaux, Translink CF France, formerly Financière Monceau CF, is an independent mid-market M&A boutique. Founded 10 years ago by finance entrepreneurs aged under 30, Translink CF France puts the emphasis on its entrepreneurial DNA when it comes to advising its clients.