Onguard and Visma join forces and form strategic combination, bringing together Business software and order-to-cash solutions

Main Capital Partners

Main Capital is pleased to announce the sale of its majority shareholding in Onguard to Visma, a Norway-based provider of business software with focus on private and public sectors in the Nordics, Benelux, Central and Eastern Europe.

Onguard is a European market leader in cloud-based order-to-cash solutions, providing an end-to-end product suite ranging from solutions for risk management and invoicing to credit management and collections. Through a combination of Onguard’s core platform and partner products, the company is able to provide a flexible, horizontal solution that serves the needs of both small and large enterprises across numerous industries.

Headquartered in Amsterdam, The Netherlands, Onguard employs around 120 people. The company’s global customer base consists of 600+ companies and serves over 30,000+ business users. Key customers include Aon, Schiphol, BMW and LLOYDS Bank.

Main Capital invested in Onguard with a focus on accelerating organic and inorganic growth. Growth in existing markets was realised successfully through supporting a partner- and reseller ecosystem. Furthermore, inorganic growth was realised with the strategic acquisition of CreditTools, thereby strengthening its leadership in the Benelux and Europe.

“Over the past years Main Capital supported us in establishing our order-to-cash platform. Becoming part of the Visma group will offer many opportunities for further developing our platform, for our customers and for our employees. We will be able to continue extending the platform and expanding our footprint in the European market.”, CEO of Onguard Marieke Saeij.   

“During past years, Onguard has evolved from a contender into the absolute market leader in order-to-cash solutions. We see a strong strategic and commercial fit with Visma. But importantly, we believe both companies share common values and culture. We congratulate both Onguard and Visma on this strategic combination” Pieter van Bodegraven (Chairman Supervisory Board Onguard and Partner at Main Capital).   

About Onguard

In the last 25 years, Onguard has evolved from being a specialist in credit management software to being a market leader in innovative solutions for order-to-cash. Our integrated, intelligent

platform ensures an optimal connection between all processes in the order-to-cash chain and makes sharing of critical data possible. For this we use the latest technologies such as APIs, robotics, machine

learning, big data and AI. Users in more than 50 countries worldwide use the Onguard platform daily for successful management and tangible results in order-to-cash and credit management.

About Main Capital

Main Capital is a strategic investor with an exclusive focus on the software sector in the Benelux, DACH and Nordics regions. Main has a long-term investment horizon centered around successful partnerships with management teams, with the goal to, jointly, build larger software groups. Main has approximately € 1 billion in assets under management for investments in mature and growing software companies.

The current portfolio of Main Capital includes rapidly growing software- and SaaS software companies like Optimizers, Assessio, GBtec, Onventis, HYPE Innovation, cleversoft, Enovation, SDB Groep, Jobrouter, GOconnectIT, Verklizan, Inergy, MUIS Software, Artegic, OBI4wan, b+m Informatik,, ChainPoint and RVC. Successful former companies that have grown substantially under the guidance of Main are;  Connexys (HR software), Roxit (governmental software), Axxerion (facility management software) and Ymor (APM software).


For more information please contact:

Charly Zwemstra

Main Capital Partners B.V., Paleisstraat 6, 2514 JA, Den Haag

Tel: +31(0)70-324 3433 / +31 (0)6-51 277 805



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