Sage plans to buy Visma a Norwegian financial software and services company focusing on the SMB market for £334 million.
Visma turnover last year was £166m with a profit of £22 million
Visma has an install base of 130,000 with 1600 staff supporting their customers Visma specializes in
They also have a financial services outsourcing division which must be up against stiff competition from the Indian financial services outsourcing giants.
If I had Visma software in my company I would be asking are they going to cut R&D, sell me a roadmap that migrates me on to sage. If you look at the two companies there is near perfect duplication on software functionality both comapnies focus on SME financial software.
Sage has decided they want to be player in the ERP market what with just purchasing USA based Verus Financial Management in January.