Nmbrs Acquisition: Key Details, Impact, and What Comes Next

Visma's acquisition of Nmbrs marks a significant step in the HR and payroll software industry. By integrating Nmbrs' robust SaaS solutions, Visma aims to enhance its service offerings to businesses and accounting firms in the Netherlands. This strategic move not only strengthens Visma's market position but also aligns with the broader trend of consolidating software solutions for comprehensive business process management.

What Is Nmbrs?

Founded in 2008, Nmbrs specializes in payroll and HR software solutions. Its core products include payroll software with features like direct payment and interactive payslips, and HR software offering performance management and leave registration. Nmbrs stands out for its comprehensive platform that integrates payroll and HR management, user-friendly design, and seamless integration with other tools. The company also emphasizes accessibility through its mobile app, allowing employees to manage HR tasks on the go.

Who Acquired Nmbrs?

Visma is a leading provider of business software solutions, focusing on simplifying the work lives of entrepreneurs, businesses, and societies. The company offers a wide range of cloud-based solutions, including ERP suites for medium businesses, software for small businesses, public sector solutions, and tools for accounting offices. With a strong presence in 33 countries and serving 2.0 million customers, Visma is a significant player in the industry, boasting a total revenue of EUR 2.7 billion in ARR as of Q4 2024.

When Was Nmbrs Acquired?

Visma acquired Nmbrs on May 12, 2020. This acquisition occurred during a period of significant consolidation in the software industry, particularly among companies offering administrative and HR solutions. Despite the global challenges posed by the COVID-19 pandemic, Visma continued its strategic growth, enhancing its HR and payroll portfolio to provide more comprehensive services to businesses and accounting firms in the Netherlands.

Why Was Nmbrs Acquired?

• Market Expansion: The acquisition of Nmbrs allows Visma to extend its HR and payroll portfolio to businesses and accounting firms in the Netherlands, thereby strengthening its leading position in this area. Nmbrs' presence in the Netherlands, Sweden, and Portugal also provides Visma with opportunities for further market expansion.
• Technology Integration: Nmbrs' software processes 920,000 payments monthly and has more than 100 integrations, allowing customers to easily combine the software with other platforms. This technological capability aligns with Visma's vision and culture, enhancing the overall value and functionality of Visma's HR and payroll offerings.
• Competitive Advantage: By acquiring Nmbrs, Visma increases the freedom of choice and value for its customers in the business market and accounting sector. Nmbrs' vision of providing the best possible HR service and its entrepreneurial spirit fit seamlessly with Visma's culture and vision, thereby enhancing Visma's competitive advantage in the HR and payroll software market.

Acquisition Terms

• Acquisition Price: The acquisition price was not publicly disclosed.
• Payment Method: The payment method was not specified.
• Key Conditions or Agreements:
  • Nmbrs will continue its business activities as an independent organization under its current name.
  • There will be no changes in management.
  • The cooperation with Visma aims to expand Nmbrs' platform both nationally and internationally.
  • The acquisition is part of a broader consolidation trend among software solution providers focused on administrative processes.

Impact on Nmbrs

The acquisition of Nmbrs by Visma has led to minimal changes in operations and management. Nmbrs continues to operate as an independent entity under its existing name, with no alterations in its management structure. This operational continuity ensures that the company maintains its established processes and culture, which is crucial for both employee morale and customer trust. The strategic move allows Nmbrs to leverage Visma's resources for national and international expansion, enhancing its platform's capabilities and reach.

Product offerings and services have seen a positive impact, with Nmbrs' robust HR and payroll solutions now integrated into Visma's extensive suite of business software. This integration promises improved functionality and broader service options for customers. Employee reactions have been optimistic, with Nmbrs' CEO Michiel Chevalier highlighting the acquisition as a significant opportunity for growth and development. Customers are expected to benefit from the enhanced platform and increased integration capabilities, aligning with Visma's vision of providing comprehensive business solutions.

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