June 23, 2022
09:00
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Norwegian software giant Visma is taking over the Ghent scale-up Teamleader for an undisclosed amount. Teamleader remains autonomous and founder Jeroen De Wit remains on board.
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Financial details will not be released, except that Visma – a specialist in software for SMEs – is buying out all shareholders. In addition to the management, these were the funds Fortino Capital, Keen Venture Partners and PMV.
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Visma CEO Merete Hverven assures in a conversation with Trends that Teamleader will remain a separate brand and product and that founder Jeroen De Wit will not leave.
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Visma probably rings a bell with the Belgian as a cycling sponsor. The Team Jumbo-Visma team grew into one of the toppers, thanks to its Belgian star Wout van Aert.
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Visma CEO: ‘Logical step’
But Visma also wants to lead the pack in the world of business software. With a turnover of 2.1 billion euros, it is a lot smaller than Microsoft and SAP, but it is already present in 28 countries – mainly European.
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Visma acquired 42 companies last year, Trends reports. This year the counter is already at more than 30, including the Ghent Teamleader.
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CEO Hverven describes the acquisition of Teamleader as a logical addition to the portfolio. ‘Teamleader’s corporate culture, ambition and software fit in perfectly with ours’, she says in Trends. “Teamleader also makes software that is crucial to running a business and that simplifies complex processes, using modern cloud technology.”
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Teamleader was founded in July 2012 from the website builder that De Wit had set up with two fellow students at the university of applied sciences. It achieved a turnover of 20 million euros last year and has 180 employees. It is active in Belgium, the Netherlands, France, Spain, Italy and Germany.
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