Visma has sold its IT consulting business to the private equity fund CVC Partners.
Visma’s IT consulting business focuses on digital transformation and is a leading supplier of mission-critical IT solutions, consulting services and data-driven technologies. The business, which was a part of the Visma Custom Solutions division, employs 2,000 people in the Nordic countries and in Lithuania and has 8,000 customers in the private and public sectors.
With its focus on tailored software development, the business model of the IT consulting business differs from the rest of Visma Group which is centred around SaaS (Software as a Service) and standardised products. The key rationale for the transaction is that both Visma and the new company may achieve even stronger growth as two separate businesses.
CVC Partners will support the new company’s existing management team and employees in creating a leading Nordic IT consulting business, focusing on digital transformation.
The new company will be headquartered in Copenhagen, Denmark, and will have 30 offices across the Nordic region and in Lithuania.
Accura advised the management in Visma’s IT consulting business in connection with the transaction.