Visma has strategically acquired milia.io and Taxy.io, enhancing its services for accountants and tax advisors in the DACH region. These acquisitions add to Visma’s long list of over 350 completed acquisitions and underscore its commitment to innovation in the accounting and tax advisory sector. By integrating milia.io’s AI-powered platform, which streamlines communication and workflow in accounting offices, and Taxy.io’s cutting-edge AI tax assistant used by 1,500 firms in Germany, Visma aims to broaden its suite of software solutions, providing superior support to its growing client base. This move signifies a robust push into the AI and automation realms in business software, reinforcing Visma’s position in Europe.
Visma’s partnership with milia.io and Taxy.io represents an evolution of its offerings to encompass AI-driven solutions. milia.io has developed a comprehensive platform aimed at enhancing client collaboration by automating and standardizing workflows, which seamlessly integrates with existing accounting systems. Meanwhile, Taxy.io’s innovative AI tax assistant, a pioneer in the field, has significantly impacted how tax advisors handle complex inquiries. Historically, Visma has been strengthening its market position through the strategic acquisition of technology companies that emphasize automation and digital efficiency, as seen in its recent purchases.
How Will milia.io and Taxy.io Enhance Visma’s Portfolio?
The integration of milia.io into Visma’s portfolio brings forth a platform known for its all-inclusive approach to accounting services. With the potential to transform internal processes by automating client interactions and workflow management, it serves to streamline operations in accounting firms significantly. Taxy.io extends Visma’s capabilities with its AI technology that efficiently manages complex tax-related queries, providing real-time solutions and aiding in passing official tax advisor assessments.
What Are the Future Directions for Visma With These Acquisitions?
By acquiring these two companies, Visma demonstrates its intent to lead in AI implementation within its domain. milia.io and Taxy.io will be instrumental in offering forward-thinking solutions that align with Visma’s vision for the future. As Tilman Walch, CEO of milia.io, explains, Visma’s support will propel their ability to innovate, stating,
“Together with Visma, we can accelerate our roadmap and expand the value we deliver to customers. Our focus remains clear: making everyday work in tax and accounting easier and smarter.”
This commitment is echoed by Taxy.io, as remarked by Daniel Kirch, “Taxy.io’s mission is to help all entrepreneurs and companies tackle the burden of regulation.”
Both milia.io and Taxy.io are driven by dedicated leadership teams committed to retaining their strategic roles post-acquisition. At milia.io, co-founders Tilman Walch and Michel Menk envisage growth via Visma’s platform, while Taxy.io’s founders continue to lead their initiatives. The joint efforts of these firms will likely lead to enhancements in AI capabilities and offer advanced user experiences to their clientele.
Since its inception, Visma has focused on technological advancements that facilitate business operation improvements. Recent acquisitions exemplify this trend as Visma further penetrates the German market. The strategic decision to acquire milia.io and Taxy.io not only expands its technological arsenal but also diversifies the solutions it can offer to meet ever-evolving client demands. As noted by Ari-Pekka Salovaara, Chief Growth Officer at Visma:
“We are very excited to confirm our continued growth in Germany through these two acquisitions. milia.io and Taxy.io are leading the way in leveraging AI to automate, simplify and support the work of accountants and tax advisors.”
These acquisitions indicate Visma’s calculated effort to consolidate its position as a leader in the European business software market. As AI and digital solutions become increasingly integral to modern business operations, companies are looking for efficient ways to incorporate such technologies. Visma, through these acquisitions, not only secures innovative technology but also positions itself advantageously in the rapidly evolving business software landscape.
