Acumatica Cloud ERP announced an investment led by Visma, a portfolio company and an affiliate of Kohlberg Kravis Roberts & Co. In addition to the investment, Visma will help to accelerate Acumatica sales and partnership goals, through its own activities as a leading Nordic-based technology company that delivers accounting, tax, and payroll applications to approximately 300,000 SMEs in the Nordic region and through its network. The investment will be used to help Acumatica expand its sales and marketing efforts, continue development of its leading technology platform, and secure its position as a leader in providing Cloud ERP software.
“Acumatica is the only established Cloud ERP vendor with technology that gives customers the choice to deploy their software on-premise, hosted in a cloud datacenter, or purchased as a turnkey SaaS solution,” said Øystein Moan, CEO at Visma. “Our investment in Acumatica acknowledges their unique positioning within the market and our belief that Cloud technology will play a critical role in the future of ERP software. We will adapt Acumatica for the Nordic markets and distribute Acumatica to our tens of thousands of midsized customers in Norway, Sweden, Finland, Denmark, and The Netherlands.”