The Mergers and Acquisitions team of Boels Zanders advised the shareholders of Outstanding24 in the sale of their company to Visma-Onguard. The transaction was completed on 13 January 2021. Within Boels Zanders, Luuk Hendriks was responsible for this transaction.
Outstanding24 is a software company based in Breda that has developed an online platform for accounts receivable management. The company was founded in 2017 and has experienced rapid growth. Outstanding24’s cloud solution offers an automatic link with the customer’s accounting package and ensures an effective set-up of the process around accounts receivable management.
“The collaboration with Boels Zanders is very pleasant. They act quickly and provide excellent guidance and advice. It has helped us tremendously.” According to Anton Maas, director of Outstanding24.
Visma-Onguard is a fintech company that focuses on the order to cash process. Onguard has been part of the Visma Group since February 2020. Visma is originally a Norwegian cloud software company, which is now one of Europe’s leading software companies.