According to Visma, the acquisition will strengthen the company’s capacity and expertise in developing mobile applications and solutions for businesses in both the private and public sectors, Visma said in a press release.
Among the mobile solutions Giant Leap has made include various SaaS (software-as-a-service) products within parking, sales, service and transport. The company has around 60 employees and expects to turn over NOK 120 million in 2020 with an EBITDA margin of approx. 30 percent.
– Giant Leap is an exciting company that fits in very well with Visma. We look for synergy opportunities for a number of different areas and customer segments in Visma, both for municipalities, the state and the private sector. Giant Leap provides us with a portfolio of SaaS products, while also delivering customized solutions to a variety of businesses, says Vidar Evensen, CEO of Visma Consulting, in the press release.
One of the reasons why Visma buys Giant leap is that Visma has experienced a strong increase in the proportion of customers demanding mobile applications and solutions.
Giant Leap will continue as an independent company, with the same strategy and organization as before.
– We are looking forward to exploring the possibilities that being part of Visma will open to both us in Giant Leap but not least to our customers as well. Visma’s strong expertise in many complementary disciplines, solid economics and huge customer base will probably create a number of growth opportunities for us in the future, which of course will be of great importance, says Atgeir Takle, CEO of Giant Leap Technologies.