Visma strengthens its Spanish footprint with the acquisition of Woffu

Barcelona, 26 April 2022 - Leading Spanish time & attendance software provider Woffu has entered into a definitive agreement to be acquired by Visma. Venero Capital Advisors acted as exclusive financial adviser to Woffu.

Barcelona-based Woffu was founded in 2015 by Miguel Fresneda and Víctor Pérez. It has 55 employees and nearly 1,500 clients. 130,000 employees daily use Woffu's solution to optimize their time, request vacations, manage absences and comply with time control regulations.

​Visma is a leading provider of mission-critical business software, with 14,000 employees and 1.2 million private and public sector customers across the Nordics, Benelux, Central and Eastern Europe and Latin America. Woffu is Visma's third acquisition in Spain.

Miguel Fresneda, CEO of Woffu, stated: "We are extremely proud to be joining the Visma family, marking a new stage in Woffu’s already robust growth trajectory. Visma brings tremendous value to its group companies and we are excited for the enormous opportunities ahead. The Venero team has demonstrated unwavering support and provided invaluable guidance throughout the process. Their in-depth sector expertise, deep network relationships and extensive deal experience has been instrumental during this major step in Woffu’s evolution."

Georgios Markakis, Managing Partner at Venero, said: "We are delighted to have supported Miguel and the rest of Woffu’s shareholders on this major milestone. With a long track record of consistent growth, the company is poised to continue its phenomenal expansion path as part of Visma."

The deal represents yet another successful WorkTech transaction for Venero Capital Advisors, the only international corporate finance advisory firm ​focusing exclusively on HR Tech and the Future of Work. More WorkTech/HRTech companies trust Venero Capital Advisors to deliver a successful M&A transaction than any other investment bank. We are incredibly proud to be the financial advisor of choice for Future of Work businesses globally.

​Enquiries
For enquiries, please contact:
Georgios Markakis, Managing Partner
 
About Venero Capital Advisors
Venero Capital Advisors offers tailored and independent investment banking services to businesses operating in HR Tech and the Future of Work sector. Our client relationships are built and carefully maintained on trust, discretion and dedication. We combine in-depth industry expertise with market leading advisory skills – delivered within a highly confidential and unconflicted framework. For more information, please visit www.venerocapitaladvisors.com