Raet is a leading provider of HR cloud software and services. The company provides a cloud-based, integrated HR software suite covering the Human Capital Management needs of both large and small businesses globally.
Hg partnered with Raet in 2016 to support the continued growth of the business in both core markets, where Raet has a market leading position, and internationally via significant investment in Raet’s cloud based HR software suite.
In May 2018, Visma bought 100% of the shares in Raet.
Raet is a highly strategic and complementary acquisition for Visma, strengthening its presence in the Netherlands and Belgium, where Visma already provides bookkeeping, ERP, payroll and related cloud software. In addition to Visma’s existing business in the Netherlands, the combined businesses will have over €200m revenues, 1,500 employees and increase the previous customer base across the two regions to 50,000.