Visma acquires Logium Oy and strengthens its presence within SaaS based HRM solutions

Logium is an innovative and growing software company that specializes in travel expense management software, and working time management systems. The company has experienced a strong growth the last years and the revenue reached 5 M€ in 2013. Finland is a key market for Visma and through this acquisition; Visma strengthens its presence within the field of HRM and SaaS solutions.

– This acquisition plays an important role for Visma’s focus on the government and large accounts segment in Finland. We are very impressed with Logium’s solutions, as a leading provider within their field. It is great to have them as a part of the Visma family, says Jan Ivar Borgersen, Managing Director, Enterprise Solutions in Visma, says.

Visma is strengthening its position in Finland through several acquisitions, and this is the third acquisition in Finland so far in 2014. Through this acquisition, Visma is increasing its market shares within SaaS based HRM-solutions.

Visma employs 950 people in the Finnish market and the number is growing rapidly.

For more information, please contact:

Jan Ivar Borgersen, Managing Director, Enterprise Solutions, Visma Software GLA +47 90 54 87 45

Kimmo Palmu, Managing Director Logium, +358 400 804 804

About Logium

Logium Oy is a leading Finnish software company that specializes in SaaS-based travel expense management software, and working time management systems. Logium Oy was founded in 1997 and is based in Helsinki, Finland. The revenue of the company in 2013 was 5 M€. For further information, please see: http://www.logium.com/

Tags: