Norway’s Visma bought another software company in Argentina

With the idea of ​​consolidating its growth in the region, Norwegian Visma, a software giant and present in Argentina since 2018, has just announced the purchase of Contagrama developer of technological solutions used to manage the day-to-day activity of small businesses, such as accounting, finance, project planning and payment management, among others.

A month and a half ago, Visma bought Calypsoanother local software company.

Contagram It started in 2015 from the work experience of its founders: Tomás Spada, Patricio Bosch and Juan Cruz Albani.

After working for a decade in small companies and on their own ventures, these young people realize that there is no solution that meets the needs of this particular part of these companies.

So came the idea of ​​creating a response to the specific needs of small organizations. One fact inspired them: In Argentina, SMEs represent approximately 42% of GDP and 70% of jobs from the country. This is a very interesting (atomized) segment for this business.

According to Alvaro CapobiancoCEO of Visma in Latin America and the main proponent of this strategic purchase, “Contagram is an entrepreneurial success story for entrepreneurs” —describes after the announcement of the operation.

“With this new acquisition we continue to grow and now we can also help thousands of entrepreneurs to fulfill their dreams, without worrying about administrative issues,” he added.

while, Thomas SpadeThe CEO and co-founder of Contagram said the company has more than that 2,500 clients and plan double that number taking advantage of the synergy with Visma. “The software allows many entrepreneurs to really focus on their business and not worry about management details.

“We are pleased to join Visma, as we can learn a lot from them, due to their extensive experience with this type of solution in different markets,” Spada added. .and we will take advantage of the team’s excellent trajectory in Latin America by regionalizing Human Resources solutions ”, he commented on the local company’s imminent challenges in the face of the merger.

It happened recently that Visma also is shopping in Spain: obtained three startups in that country in less than a year: Holded, Declarando and Woffu. Of them, the Norwegian firm decided combine your international business.

Visma has 15,000 employees in more than 26 countries to serve more than 1,200,000 customers worldwide. With its technology, more than 20,000,000 monthly invoices are processed and more than 10,000,000 salary settlements are issued.