The investment will be used to help Acumatica expand its sales and marketing efforts, continue development of its technology platform, and secure its leading market position as a provider of Cloud ERP software.
In addition, Oslo, Norway-based Visma will support Acumatica in reaching its sales and partnership goals, through its own activities as a technology company that delivers accounting, tax, and payroll applications to SMEs in the Nordic region and through its network.
Commenting on the investment, Øystein Moan, CEO at Visma, said: “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”.
Acumatica allows clients to work from anywhere without complex client software so businesses can involve everybody while saving money on deployment and ongoing operational costs. Unlike SaaS-only providers, Acumatica allows customers to control the location of their data, the timing of upgrades, and ongoing software expenses.
“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
Led by CEO Ezequiel Steiner, Acumatica offers web-based ERP software to cover all mid-sized business needs. This includes advanced financial features that are integrated with inventory, sales orders, purchase orders, customer management, and many other modules. The company has hundreds of customers in several industries including key accounts in wholesale distribution, financial services, hospitality, manufacturing, not for profit, and professional services.