Software company Visma has reached an agreement with Main Capital to acquire Dutch cloud-based order-to-cash provider Onguard.
Onguard provides an end-to-end product suite ranging from solutions for risk management and invoicing to credit management and collections. The company serves over 30,000 business users across 600 companies, most notably Aon, Schiphol, BMW, and Lloyds Bank.
Visma has acquired Onguard from Main Capital, an investor in the northwestern European software industry.
Onguard chief executive Marieke Saeij said: “We are very pleased to continue to develop our business within the Visma group. Visma’s international presence and breadth of product offerings will help us to enhance our platform further, provide new possibilities for our customers and employees, and meet our growth targets. We look forward to the opportunity to extend our reach across the European market.”
John Reynders, country director for Visma Netherlands: “I’m proud to see Onguard joining the growing Visma family, further increasing the freedom of choice Visma offers our customers with a leading platform that gives customers an overview and control of their payment processes and cash flow while maintaining sustainable customer relationships.”
Eivind Gundersen, divisional director of Visma Commerce Solutions added: “The order-to-cash value chain is a strategic priority for us and we are therefore thrilled to welcome Onguard to the Visma family. Onguard’s cloud solutions will serve as a fitting complement to our solutions in the Netherlands. We also see great opportunities to grow together across Europe.”