Home
Resources
Follow portfolio news
...

Visma has over 2 million customers

Published on
4/6/2025
Amended on
7/5/2026
0
minute(s)
Odyssey 2023
Visma
The Norwegian company, led by Merete Hverven, has been growing steadily for the past three years. As a co-investor in the Vintage FPCI Altaroc Odyssey fund, the Norwegian giant is making an increasingly significant mark on the European tech landscape.
By
Antoine Orsoni
Antoine Orsoni
Visma has over 2 million customers
This article has been automatically translated. Please excuse any inaccuracies or translation errors.
Dieser Artikel wurde automatisch übersetzt. Bitte entschuldigen Sie etwaige Ungenauigkeiten oder Übersetzungsfehler.
This article has been automatically translated. We apologize per inaccuracies or translation errors.

Visma continues its exceptional growth trajectory, posting sales of 771 million euros in the first quarter of 2025, up 14.4% on the same period in 2024. EBITDA stood at 244 million euros (+18.6%), representing a margin of 31.6%. These impressive figures confirm the company's ability to combine growth and profitability. Annual recurring revenue (ARR) now stands at 2.8 billion euros, up 16% year-on-year, including 11.5% organic growth.

These results are part of a long-term dynamic: Visma's sales jump from 2.06 billion euros in 2022 to 2.39 billion in 2023 (+16%), before reaching 2.8 billion in 2024. At the same time, the number of customers has risen from 1.4 million in 2022 to over 2.1 million by early 2025.

Several factors explain this sustained growth: a robust SaaS model generating recurring and predictable revenues, a targeted acquisition strategy with 33 companies acquired by 2024, an assertive cloud orientation (over 85% of revenues by 2022) and rapid international expansion, notably in Europe and Latin America. Present today in 32 countries, Visma is positioned as a European giant in management software, capable of meeting the critical needs of SMEs, local authorities and regulated professions. Driven by a rapidly digitizing market and rigorous execution, the Norwegian company confirms, quarter after quarter, its status as a strategic player in the European technology landscape.

Other episodes on this topic

Explore our content collections, which bring together different formats around a single subject/issue/theme.
No articles in this category yet.
Welcome to Altaroc
To provide you with a tailored experience, please complete your profile.
Please fill out your profile to access the site
country of tax residence
Select
choosenCountry
Preferred language
Select
choosenLang
YOUR INVESTOR PROFILE
Financial intermediary or professional investor
Financial advisors, wealth managers, private bankers, or any other investment service providers.
Qualified Investor or Altaroc Investor
Experienced investor or Altaroc investor
Private investors who have already invested with Altaroc or who have a minimum investment capacity of €100,000.
Private investors who have previously invested in Altaroc who have a minimum investment capacity of 200,000 euros.
Non-professional (retail) investor
Individual investors with an investment capacity below €100,000.
Retail investors with an investment capacity of less than 200,000 euros.
Institutional investor
Pension funds, retirement schemes, asset management companies, and single-family offices.
Select your language and investor profile to continue
Select your investor profile to continue
Scroll down to accept General Terms and Conditions
The webpage you are trying to access is not available in your country.