And Vivaldi is therefore Fivaldi. Visma as a name (e.g., “I use Visma at work” doesn’t mean anything) is now more of an umbrella for hundreds of applications, increasingly also in Central Europe, as expansion through acquisitions began towards Southern Europe in the early 2020s. In Finland, people probably talk about Visma, although more accurately, the largest user base consists of Visma Solutions’ Netvisor users and should be referred to as (Visma) Netvisor. The same company, however, also sells (Visma) Fivaldi nowadays, as the old Visma Software was merged with Solutions.
Visma is a collection of acquired SaaS companies from different sectors, in different countries. Wilma, the student information system loved by everyone, is software founded by StarSoft, which Visma acquired about ten years ago. Since then, it has been part of rebranded country companies and is now part of Visma Aquila. Visma is Visma…
Visma’s acquisition strategy, however, especially recently, has been to acquire more small, growing, and particularly nationally or geographically strong SaaS companies. From Oulu, for example, they acquired Suomen Vesitieto last year, which offers a specific SaaS product with strong growth and profitability to municipalities and water utilities. Perhaps they could expand that to Sweden, but after that, the products turn into cash cows.
Visma does not actually acquire cash cows, but rather opportunities that offer growth. Of course, the different life cycle phases of Visma products mean that eventually, those cash cows are inevitably carried along, which they try to bury or extract what can be extracted from them.
If one considers this, why would Easor be of interest. It probably only offers some industry-specific (machinery and car trade) synergies, where Talenom once ironed out certain reverse charge VAT processes, but in terms of software, that’s probably where it ends, at least in Finland.
A bit off-topic, except for industry specifics and speculations regarding Talenom’s future. 