Press release -
Visma strengthens its Spanish footprint with the acquisition of Woffu
The acquisition is Visma’s third in Spain and bolsters its offering of cloud-based time optimisation software in the Spanish market.
Leading Spanish time and attendance optimisation software provider Woffu has entered into a definitive agreement to be acquired by Visma. Woffu is Visma's third acquisition in Spain, after Holded and Declarando.
Based in Barcelona, Woffu was founded in 2015 by Miguel Fresneda and Víctor Pérez, and now has 55 employees and nearly 1,500 clients. 130,000 employees use Woffu's solution to optimise their time, request vacations, manage absences and comply with time control regulations.
Joining Visma will give Woffu a number of benefits that will allow it to meet customer needs even better than before. Woffu will maintain its leadership and culture while benefiting from Visma’s international network, expertise, and complementary products.
"We are proud to join Visma and thus start a new phase full of enthusiasm and commitment,” says Miguel Fresneda, CEO of Woffu. “With the help of Visma we are convinced we can deliver on our ambitious business plan. The opportunities are huge thanks to Visma's know-how and the resources at our disposal in its Group".
Fresneda continues: “Visma brings tremendous value to its group of companies and we are excited for the enormous opportunities ahead. This union will add value to society and make life easier for SMBs”.
"Woffu will be an excellent addition to the Visma family," says Ari-Pekka Salovaara, Visma's Segment Director for SMB. "Their solution is used by over 100,000 employees to complete business-critical HR tasks, making it an essential component of Visma’s offering in Spain. We look forward to learning a lot from Woffu while sharing our knowledge and resources to make this partnership bloom”.
Woffu will continue operating as an independent company under the same name, roof and set-up as today.
Founded in 2015, Woffu is a cloud-based platform that optimises time management and maximises communication and transparency between departments of a company. Woffu improves the relationship between employees and employers, eliminating friction and increasing productivity. The platform helps companies save 85% on management costs by optimising time management and reducing absences by 20%, increasing happiness at work.
Visma is a leading provider of mission-critical business software for a more efficient and resilient society. By simplifying and automating the work of companies and organisations of all sizes, we improve people's everyday lives. With 14,000 employees, 1,200,000 private and public sector customers across the Nordics, Benelux, Central and Eastern Europe and Latin America, and net revenue of € 2,081 million in 2021, we are committed to making tomorrow better than today. Visit us at visma.com.