News

“We have for a period been looking for a partner that can help us grow and contribute with modern technology and access to wider market. Therefore we contacted Visma a while ago and now we are very pleased that the deal is finalized. For FMS it is important to be a part of a strong Nordic company that can contribute to development of FMS in the years ahead. Our management team is highly motivated by being a part of the Visma family,” says Janis Bergs CEO of FMS.
“Acquisition of FMS by Visma is one of the most important deals in Latvian IT sector in last 10 years. It shows the big potential of Latvian IT sector and proves that our companies are able to attract the interest of globally remarkable foreign companies”, says Signe Balina, the president of The Latvian Information and Communications Technology Association.
The acquisition of FMS is part of Visma’s growth strategy and our focus on ERP and BI software. Visma has for a long time considered various growth possibilities in the Baltic market and we are very happy to have reached an agreement with FMS. Visma is already present in Lithuania and we believe this will open up new possibilities in the region going forward. At the same time, both the Nordic and Baltic regions are quite closely linked businesswise, and since the countries are members of the EU, we believe it can constitute growth opportunities as the countries also are experiencing a positive development in GDP.  Our ambition is to generate further growth and make use of Visma’s strong portfolio of products and services in the Baltic region. FMS is an important acquisition with a strong product and customer base, as well as a highly competent team, Øystein Moan CEO in Visma says.
The change of ownership will not impact the companies’ operations, personnel or the customer relationships and FMS will continue working as before. Visma is an ERP market leader in the Nordic region. 340 000 customers in Northern Europe utilize Visma’s products and services, and an additional 330 000 use Visma as a hosting partner. The group has 5 600 employees and its net revenue amounted to more than 800 million EUR in 2013. More information about company can be found on: www.visma.com.

SIA FMS (Financial Management Solutions) is a regional leader in business software development, project management and consulting. We develop, implement and support the enterprise resource planning (ERP) system Horizon. FMS also provides IT system integration, contract-based development services and works with an extensive range of business analytics and financial planning solutions.