The company specializing in time optimization and time control software has signed an agreement to be acquired by Visma. Woffu is the third acquisition of the Norwegian company in Spain, after those of Holded and Declaring.
Based in Barcelona, Woffu was founded in 2015 by Miguel Fresneda and Victor Perez, and currently has 55 employees and nearly 1,500 customers. A total of 130,000 employees use the Woffu solution to optimize their time, request vacations, manage absences and comply with time control regulations.
The union with Visma brings a number of benefits that will allow Woffu to focus on the growing needs of its customers. Woffu will maintain his leadership and culture benefiting from its international network, its experience and its complementary products.
“We are proud to join Visma and thus begin a new stage full of enthusiasm and commitment”, says Miguel Fresneda, CEO of Woffu. “Visma is creating value through strategic acquisitions and keeping both the company culture and the team intact. With the help of Visma we are convinced that we will fulfill our ambitious business plan. The opportunities are enormous thanks to the ‘know-how’ and the resources that they put at our disposal”.
Fresneda continues: “Visma brings a huge added value to your group of companies and we are enthusiastic. This union will bring digitization to society and will facilitate the day-to-day life of SMEs around the world”.
For his part, Ari-Pekka Salovaara, director of Visma’s SME segment, points out: “Woffu is an excellent addition to the `Visma Family´. Your solution meets essential tasks of the human resources departments, which makes it an essential component of Visma’s offer in Spain. We look forward to learning a lot from Woffu as we share our knowledge and resources to grow this partnership exponentially.”