Visma Acquires Swedish Payroll Software Provider Agda
Visma has acquired Agda, a Swedish software company specializing in solutions for Human Resource Management (HRM) and Payroll. Agda has become a large player in the payroll market in Sweden, generating approximately 525,000 pay-slips on a monthly basis corresponding to 25% market share. Visma already provides payroll software, and with the acquisition Visma will now generate 2.3 million pay slips each month, becoming the payroll market leader in the private market of Sweden.
Norwegians Are On A Shopping Spree - QuestBack Acquires Digium
Norwegian enterprise feedback management company QuestBack has just announced that they have acquired the Finnish SaaS company Digium Oy. Digium is perhaps the most well known company in this sector in Finland has proven that in their financials as well. In the financial year ending 2009, they turned over about 4 million euros while making over 650k€ in profit. In 2005 they made just about a million in revenue. The new company expects to tally a combined turnover of more than 22 MEUR for 2010. This makes it the largest player in the EFM industry in Europe.
QuestBack has been on a shopping spree lately. They have acquired Easyresearch AB from Sweden and Refleks AS from Norway. Both companies have been integrated fully to QuestBack's operations and thus adding to their turnover in a successful manner.
Visma Acquires Severa Oyj
Visma, a supplier of different efficiency increasing solutions in the Nordics, has acquired the Finnish CRM and project management services company Severa Oyj. Severa has been a rising star in the Finnish software scene in the recent years with its SaaS-type service for companies. Last year, Severa made around 225 000 euros in profit with almost 1.8 million euro turnover. In 2005 their turnover was just under 200 000 euros. With growth like this, it is bound to arise interest in larger companies in the sector.
