Visma, a renowned provider of business software solutions for small and medium enterprises and the public sector, has taken a significant step to fortify its presence in the DACH region. Recently, Visma announced the acquisition of two prominent German companies: milia.io, based in Köln, and Taxy.io, located in Aachen. These strategic acquisitions underscore Visma’s commitment to integrating advanced AI capabilities into its software suite, catering to the varied needs of tax and accounting professionals.
In recent years, Visma’s approach to expansion has included acquiring companies that align with its strategic goals. These acquisitions aim to enhance its technological capabilities, particularly in AI-driven automation for tax and accounting professionals. Visma’s earlier acquisitions have similarly focused on increasing the efficiency and integration of business processes, setting a precedent for its current focus on AI solutions.
Why Did Visma Acquire milia.io and Taxy.io?
Visma’s acquisition of milia.io and Taxy.io is directed at leveraging their capabilities in AI to further enhance and automate operations in tax and accounting. The integration of these companies is expected to elevate Visma’s existing suite of software by incorporating AI that streamlines end-to-end processes within accounting and tax services. Given milia.io’s focus on automating internal workflows for accounting firms, and Taxy.io’s strength in assisting tax advisors with AI software, Visma aims to create a more robust and efficient solution for its clients.
Who Will Benefit from This Acquisition?
With this acquisition, both companies will continue their operations under Visma’s umbrella. Ari-Pekka Salovaara, Chief Growth Officer of Visma, shared his enthusiasm, stating,
“We are very excited to confirm our continued growth in Germany through these two acquisitions.”
This new alignment is poised to provide added value to Visma’s current and future clients, primarily those in the DACH region. Tilman Walch, CEO of milia.io, expressed optimism, saying
“Together with Visma, we are able to accelerate our roadmap and expand the value we deliver to customers.”
Founded in 2021, milia.io offers an AI-driven platform aiding accounting offices in client collaboration and workflow automation. Meanwhile, Taxy.io, established in 2018 as a spin-off from RWTH Aachen University, provides AI software primarily used by tax consultancies to manage complex inquiries efficiently. Taxy.io’s platform is notable for becoming the first digital assistant to pass Germany’s official tax advisor exam, marking a significant feat in the field.
For Visma, this acquisition is another milestone in its trajectory of sustained growth and strategic innovation since its inception in 1996. As part of its ongoing expansion, Visma continues to integrate new companies, which now totals over 180, across multiple geographies, focusing on developing cloud business software that simplifies and automates processes.
Visma’s business model underscores a unique ecosystem approach, allowing acquired entities to maintain their independence while benefiting from the framework of a collaborative community. This autonomy ensures that milia.io and Taxy.io can continue innovating while enjoying the greater resources and market reach provided by Visma.
The acquisition signifies a step toward strengthening Visma’s AI capabilities, aiming to provide a seamless experience for their tax and accounting clients. Visma’s growing ecosystem and collaborative approach are pivotal to its ability to deliver diverse and comprehensive solutions across various sectors in Europe and Latin America.
