Euronext scales up its SaaS offering with the acquisition of
Admincontrol
Euronext scales up its SaaS offering with the
acquisition of Admincontrol
Amsterdam, Brussels, Dublin, Lisbon,
Milan, Oslo and Paris – 13 March 2025 – Euronext announces
that it has entered into a definitive agreement with Visma to
acquire 100% of Admincontrol, a leading provider of governance and
secure collaboration Software as a Service (SaaS) solutions in the
Nordics and in the UK.
On 8 November 2024, as part of its “Innovate for
Growth 2027” strategic plan, Euronext outlined its ambition to
scale up its SaaS offering and increase Euronext’s share of
subscription-based revenues. Euronext significantly accelerates
this strategic ambition through the contemplated acquisition of
Admincontrol. This acquisition strengthens the development of
Euronext Corporate Solutions in the Nordics and in the UK. It more
than doubles the size of the Euronext governance offering and
broadens capabilities with state-of-the art solutions addressing
mission-critical workflows.
Founded in 2005 and headquartered in Oslo,
Admincontrol offers a leading governance and secure collaboration
platform providing mission-critical board management software and
transaction management solutions, designed to support effective
decision-making processes and collaboration for over 4,000 clients
and 200,000 users across organisational structures. Admincontrol
has seen double-digit annual growth over the last five years and
recorded NOK 452 million (€39 million1) of revenues and
NOK 200 million of EBITDA (€17 million1 and 44% EBITDA
margin) in the year to 31 December 20242. Admincontrol’s
product offering and geographic coverage are highly complementary
to Euronext Corporate Solutions’ business, making it an ideal
strategic fit to accelerate new client acquisition and
cross-selling opportunities. Admincontrol’s strong footprint in the
Nordics will allow Euronext to further increase its presence in the
region, following the acquisition of Euronext Oslo Børs, Nord Pool,
Insiderlog, Euronext Securities Copenhagen and Euronext Securities
Oslo, and the recently announced expansion in Nordic power
futures.
The transaction will be paid in cash and amounts
to an enterprise value of NOK 4,650 million (€398
million1). The transaction complies with Euronext’s
capital allocation policy, with a ROCE expected to exceed WACC
between years three to five after closing. Completion of the
transaction is expected by Q2 2025, subject to receipt of customary
regulatory approvals.
Euronext Corporate Solutions, a wholly-owned
subsidiary of the Euronext Group, is a leading European B2B SaaS
and service provider in the fields of governance, compliance, and
investor relations. Established in 2016 to support listed companies
in leveraging capital markets effectively, it now empowers 5,000
clients - issuers, private and public organisations - across 30
countries with innovative SaaS solutions and tailored advisory
services. Euronext Corporate solutions saw double-digit annual
growth over the last strategic cycle “Growth for Impact 2024” and
recorded €50 million of revenue in 2024.
Stéphane Boujnah, CEO of Euronext N.V.,
said: “The acquisition of Admincontrol is a major
milestone in the delivery of Euronext’s “Innovate for Growth 2027”
ambition to scale up our SaaS business. This transaction will
improve our share of subscription-based revenue. The
acquisition of Admincontrol positions Euronext Corporate Solutions
as a leader in the governance SaaS space and expands our access to
new markets in the Nordics where we have already expanded our
presence over the years with promising growth prospects. Euronext
has all the tools and the relevant network to accelerate the growth
of Admincontrol’s state-of-the-art governance solutions. Euronext
looks forward to welcoming Admincontrol’s talented teams to further
accelerate the deployment of its strategy in Europe.”
Merete Hverven, CEO of Visma,
said: “Admincontrol has been a valued part of the
Visma portfolio since 2017 and has shown exceptional performance
over that time. It has been a pleasure working with the
Admincontrol team to build an industry-leading platform. As we
increasingly focus the business, I am pleased that Møyfrid and the
Admincontrol team will now have the opportunity to benefit from a
sharpened focus within Euronext Corporate Solutions.”
Møyfrid Øygard, CEO of Admincontrol,
said: “The past eight years have been transformative
for Admincontrol, and while Visma has been an invaluable partner
for us, joining Euronext is the logical next step for Admincontrol
to unlock further growth. Excellent governance is critical for the
Euronext network of issuers and customers, and we are excited to
bring our complementary product offering to market supporting
Euronext Corporate Solutions’ business and its position in the
Nordics. I am very grateful to Stéphane and team for their vote of
confidence in our product, our team and our culture.”
CONTACTS - EURONEXT
ANALYSTS & INVESTORS
– ir@euronext.com
Investor
Relations Aurélie
Cohen
Judith
Stein +33 6 15 23 91
97
MEDIA –
mediateam@euronext.com
Europe Aurélie
Cohen +33 1 70
48 24 45
Andrea
Monzani +39 02
72 42 62 13
Belgium Marianne
Aalders +32 26
20 15
01
France,
Corporate Flavio
Bornancin-Tomasella +33
1 70 48 24 45
Ireland Andrea
Monzani +39 02
72 42 62
13
Italy Ester
Russom +39 02
72 42 67
56
The
Netherlands Marianne
Aalders +31 20 721
41
33
Norway Cathrine
Lorvik Segerlund +47
41 69 59
10
Portugal Sandra
Machado +351 91 777
68
97
Corporate
Solutions Coralie
Patri +33 7 88
34 27 44
About Euronext
Euronext is the leading European capital market
infrastructure, covering the entire capital markets value chain,
from listing, trading, clearing, settlement and custody, to
solutions for issuers and investors. Euronext runs MTS, one of
Europe’s leading electronic fixed income trading markets, and Nord
Pool, the European power market. Euronext also provides clearing
and settlement services through Euronext Clearing and its Euronext
Securities CSDs in Denmark, Italy, Norway and Portugal.
As of December 2024, Euronext’s regulated
exchanges in Belgium, France, Ireland, Italy, the Netherlands,
Norway and Portugal host over 1,800 listed issuers with around €6
trillion in market capitalisation, a strong blue-chip franchise and
the largest global centre for debt and fund listings. With a
diverse domestic and international client base, Euronext handles
25% of European lit equity trading. Its products include equities,
FX, ETFs, bonds, derivatives, commodities and indices.
For the latest news, go to euronext.com or
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1 Assuming the 1-month average Euro / Norwegian krone
reference exchange rate of 11.6804, as of 11 March 2025
2 Based on unaudited figures
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