Q&A – Visma Acquisition of Onguard
What was announced on February 20, 2020?
The Management Team and shareholders of Onguard are proud to announce that from today onwards we are part of Visma. Visma became the owner of 100% of the shares of Onguard, making Visma our only shareholder. Visma has grown steadily in the Dutch market over the last few years. The acquisition of Onguard extends its presence further by adding Onguard’s order-to-cash solutions as a strategic complement to its financial management, HRM, procurement, and eGovernment solutions in the Netherlands.
How do our customers and partners benefit from this?
We are very pleased to continue to develop and grow our business within the Visma group. Visma’sinternational presence and breadth of product offerings will help us to enhance our platform further, provide new possibilities for our customers and employees, and enable further growth. We look forward to the opportunity to sustain our position as the most innovative order-to-cash software supplier and extend our reach across the European market.
Why did Visma decide to acquire Onguard?
The order-to-cash value chain has been a strategic priority for Visma. Our cloud solutions serve as a fitting complement to Visma’s cash-flow and financial service offerings in the Netherlands and Visma sees great opportunities to grow together across Europe. Furthermore, a good cultural fit was important as well.
Is there any impact on existing contracts with Onguard?
Existing contracts between Onguard and our customers and suppliers will not change. Onguard will remain a legal entity, only our shareholder has changed.
What are the consequences for existing partners and alliances of Onguard?
Existing relationships with our business partners and alliances will not change.
How and when are stakeholders informed?
On 20 February 2020 all stakeholders were informed by email and/or phone. A press release was sent out at 1.00 PM on the same day.
Who do I contact if have more questions?
You can reach out to your trusted Onguard contact person for more information or send an email to email@example.com.
About Visma and Onguard
How do Onguard and Visma benefit from this acquisition?
Onguard’s cloud solutions serve as a fitting complement to Visma’s cash-flow and financial service offerings in the Netherlands. We also see great opportunities to grow together across Europe.
Visma offers software and services that simplify and digitalise core business processes in the private and public sector. The Visma group operates across the entire Nordic region along with the Benelux, Central and Eastern Europe. With more than 10,000 employees, over 1,000,000 customer contracts and net revenue of €1.5 billion in 2019, Visma is one of Europe’s leading software companies.
Visma in The Netherlands
Visma has grown steadily in the Dutch market over the last few years, and today extends its presence further by adding Onguard’s order-to-cash solutions as a strategic complement to its financial management, HRM, procurement, and eGovernment solutions in the Netherlands. Onguard joins several well-known Dutch trademarks in the Visma group, including Visma Connect, Visma Raet, ProActive, Visma Idella, PinkWeb, HR2day, Dotweb, VerzuimSignaal, PlusPort and Visma Roxit.
Where can I learn more about Visma?
Visit visma.com for more information.