Mobilexpense Acquired by Visma in Strategic Deal
Deal News | Nov 29, 2024 | William Blair Capital Partners
In a noteworthy transaction within the SaaS industry, Visma has successfully completed the acquisition of Mobilexpense, a company specializing in expense management solutions. This deal signifies an important strategic move for Visma as the firm seeks to expand its cloud-based offerings for businesses and organizations. William Blair Capital Partners served as the exclusive financial advisor to Mobilexpense, which had been under the ownership of Fortino Capital, a European investment firm dedicated to high-growth B2B software solutions. Fortino Capital manages several private equity and venture capital funds targeted at empowering dynamic entrepreneurs across Europe. The transaction was officially finalized on November 21, 2024. Visma, known for its mission-critical cloud software and expanding customer reach across Europe and Latin America, aims to leverage Mobilexpense's capabilities to enhance its existing solutions and offer improved control and productivity for enterprises.
Sectors
- Software as a Service (SaaS)
- Financial Services
- Private Equity
Geography
- Europe – Fortino Capital and Mobilexpense are based in Europe, and Visma operates heavily within European markets.
- Latin America – Visma also has a presence in Latin America, which is relevant to its outreach and customer base expansion strategy.
Industry
- Software as a Service (SaaS) – This sector is relevant as Mobilexpense provides expense management solutions which fall under SaaS, and Visma is a leader in mission-critical cloud software.
- Financial Services – William Blair Capital Partners provided advisory services for the transaction, indicating their role within financial services.
- Private Equity – Fortino Capital is a private equity firm involved in managing growth and venture capital funds, relevant due to its role as the seller.
Financials
- 2.4 billion – Revenue of Visma in 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mobilexpense | Target Company | Company | A company providing expense management solutions, acquired by Visma. |
| Fortino Capital | Selling Company (Vendor) | Company | A European investment firm focused on rapidly growing B2B software solutions, sold Mobilexpense. |
| Visma | Bidding Company (Buyer) | Company | A leading provider of cloud software, acquiring Mobilexpense to expand its mission-critical solutions. |
| William Blair Capital Partners | Financial Advisor | Company | Acted as the exclusive financial advisor to Mobilexpense in its acquisition by Visma. |