Synergos and Translink Corporate Finance France acted as the advisors to Visma in its acquisition of Chaintrust. Through this acquisition, Visma further strengthens its presence in France.
Visma is a leading provider of business software solutions and the strategic acquisition of Chaintrust, specialists in automated accounting, solidifies its foothold in the French market. This move is in line with Visma’s overarching vision to establish an all-encompassing and integrated ecosystem tailored to meet the unique needs of accounting firms in France.
Building on the foundation laid by the 2022 acquisition of Inqom, the addition of Chaintrust to Visma’s portfolio further enhances its software offerings, delivering substantial value across its comprehensive suite of solutions. Chaintrust, renowned for its expertise in automating and streamlining accounting processes, brings cutting-edge software solutions designed to alleviate the burdens of repetitive and time-consuming tasks associated with accounting entries for professional firms.
Mikael Gandon, CEO of Chaintrust, expresses enthusiasm about joining the Visma Group, stating, “Joining the Visma Group provides Chaintrust with new opportunities for growth, development, and innovation. It is also a real opportunity to create synergies with all the companies in the group.”
The acquisition is a clear testament to Visma’s ambition for the French market, fostering synergy among Visma Group entities, particularly with Inqom. The primary goal is to enhance customer experience and empower accountants with a complete range of services supported by cutting-edge technologies, effectively addressing their specific business challenges.
“With the acquisition of Inqom in 2022 and now Chaintrust, Visma is taking a new and important step towards creating a complete digital ecosystem for chartered accountants in France,” says Romain Passilly, CEO of Inqom.
Olivier Constant, Business Area Director for the SMB Segment in Visma, highlights the significance of integrating Chaintrust’s expertise in automating accounting entries with Inqom’s accounting and tax production software. He states, “Visma emerges as the preferred partner for French firms, aiming to revolutionise and optimise accounting management through integrated solutions.”
With Chaintrust’s management team remaining in place, the company will continue to develop and market its products under its current brand. This approach ensures the preservation of its identity, values, and commitment to clients, in line with Visma’s autonomous governance model. Going forward, Chaintrust will now have the capability to offer the Inqom solution to its customers, and vice versa, broadening options for both sets of clients.
Visma’s latest acquisition reinforces its commitment to providing innovative solutions that transform the landscape of accounting services in France, marking a significant milestone in the company’s strategic growth plan.
Synergos/ Translink acted as financial and strategical advisor to Visma