Visma Expands Presence in France with Acquisition of Teledec, Online Tax Declaration Solutions Expert

Visma, a prominent European leader in cloud software, has announced its acquisition of Teledec, a specialist in online tax declaration services for businesses and professionals. This strategic move marks Visma’s continued development of a comprehensive and integrated ecosystem tailored to meet the specific needs of companies and accounting firms in France.

Teledec becomes the third French company to join the Visma group, following the acquisitions of Inqom in 2022 and Chaintrust in January 2024. With its expertise in online services for businesses and professionals, particularly in accounting and financial management, Teledec enhances Visma’s offering by adding crucial capabilities that will immediately benefit all customers within the group’s ecosystem.

Ludovic Pierrat, President of Teledec, views the merger as a catalyst for visibility and growth, enabling Teledec to broaden its reach and leverage additional resources and expertise to strengthen its value proposition. This strategic move aligns with Visma’s mission to optimize accounting management through an ecosystem of integrated and innovative solutions, consolidating its position as a preferred partner for accounting firms.

Olivier Constant, Business Area Director, SMB Segment of Visma, emphasizes that Teledec’s unique business expertise will enable the provision of cutting-edge online tax declaration solutions to all customers within the Visma ecosystem. This acquisition underscores Visma’s commitment to enhancing its accounting ecosystem in France and offering innovative services to address evolving business challenges while simplifying daily operations through technology and automation.

Teledec will continue to operate under its current brand, ensuring continuity for its existing customers while benefiting from Visma’s extensive network and resources to accelerate its development and innovation.

Founded in Norway in 1996, Visma has established itself as one of Europe’s leading software companies, with a presence in 31 countries and 1.7 million customers. The group’s strategic growth initiatives include a secondary sale to international investors in 2023, which valued the company at €19 billion and attracted approximately 20 new investors, including Altaroc, Jane Street, NPS, and the NYC Retirement System. Existing shareholders, such as Hg, are reinvesting around €3 billion, retaining a majority stake, with the participation of co-investors like ICG, TPG, and Visma management.

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