Huldt & Lillevik

What Huldt & Lillevik does

Huldt & Lillevik is a Norway-based, privately held software company offering payroll and human resource management services. Founded in 2014 and headquartered in Jaren, the company operates within the Norwegian market, with a headcount band of 1,001–5,000 employees. Its functional focus on payroll and HR positions it as a workflow-critical vendor for employers requiring compliant handling of Norwegian tax, wage, and labor regulations.

The company is part of the Visma group's portfolio of 150+ mission-critical business software companies, which collectively serve approximately 2.5 million customers across European and Nordic markets. Visma positions itself as providing 'capital, technology, talent and expertise' backing to portfolio companies for the long run, combining what it describes as a 'startup mentality' with 'corporate muscle.' For Huldt & Lillevik, this affiliation implies access to group-level technology resources, shared R&D, and cross-portfolio distribution, though specific product architecture, technology stack, and feature set details are not disclosed in the available data.

The business model is consistent with the broader Visma playbook of operating acquired companies close to customers, 'in their language, under their laws.' Revenue mechanics are not separately disclosed for Huldt & Lillevik; the EUR 3,168 million LTM FY 2025 group revenue figure cited in the source pertains to Visma as a whole and cannot be attributed to this subsidiary. GTM motion, pricing model, customer segment mix, and named customers are also not provided, limiting any deeper commercial inference. The company is privately held, with no IPO or public-market disclosure.

Name

Huldt & Lillevik

Legal name

Visma

Website

https://huldt-lillevik.no

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Huldt & Lillevik is a Norway-based software company offering payroll and human resource management services. Founded in 2014 and headquartered in Jaren, it operates within the Visma group's portfolio of business software companies.

Ownership category

akta.pro rank

Product category

Payroll and HR Software

NAICS

Payroll Services (541214), Human Resources Consulting Services (541612), Professional Employer Organizations (561330)

SIC

Services-Management Consulting Services (8742), Services-Employment Agencies (7361)

akta.pro primary industry

Payroll Outsourcing & Pay Administration (Multi-country/Managed Payroll) (BPACAKAD)

akta.pro secondary industries

Human Capital Management (HCM) & Payroll Platforms (HDAEAEAJ), Global Payroll & Multi-Country Payroll Coordination (EOR/PEO Interface) (BPAAAHAE), Payroll & Employment Tax Services (BPAHABAD)

Keywords

• Payroll management software
• Human resource services
• HR management solutions
• Workforce management
• Payroll and HR

Headquarters

HQ city

Jaren

HQ country

Norway

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Core offering

Huldt & Lillevik provides payroll and human resource management services for organizations. Operating as part of the Visma group of business software companies, the firm delivers HR and payroll capabilities to businesses, headquartered in Jaren, Norway, with 1,001-5,000 employees.

Differentiator

Problem solved

Functional benefit

Products and services

• Payroll Management
• Human Resource Management

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves3 records

Expansion highlights3 records

Broad incumbents

• Unit4: European ERP/HCM vendor offering payroll and HR modules to mid-market and public-sector organizations. Broader ERP portfolio, but directly comparable HCM/payroll functionality.
• Workday: Global cloud HCM and payroll platform. While primarily enterprise-focused, it competes for HR/payroll wallet share at larger Norwegian employers that might otherwise use local providers like Huldt & Lillevik.
• SD Worx: Major European payroll and HR services provider headquartered in Belgium. Competes in the same European payroll outsourcing market but at larger scale and broader geographic footprint than Huldt & Lillevik.
• ADP: Global payroll and HR services leader. Competes broadly in outsourced payroll across Europe including the Nordics, though typically at larger customer segments than Huldt & Lillevik's Norwegian focus.
• Ceridian / Dayforce: Global HCM and payroll SaaS platform serving enterprise and mid-market employers. Broader geographic and segment reach than Huldt & Lillevik but competing for the same payroll/HR budget at Nordic customers.

Direct peers

• Tripletex: Norwegian accounting and payroll SaaS provider, also owned by Visma. Direct peer competing for the same Norwegian SMB payroll/HR customers with a cloud-native product and similar local regulatory expertise.
• Visma e-conomic: Sister company within Visma offering accounting and payroll-adjacent software in the Nordics. Internal Visma portfolio peer competing for the same Nordic SMB customers.
• Azets: Nordic-headquartered provider of payroll, HR, and accounting outsourcing services across the Nordics and UK. Directly comparable service mix, scale, and target customer segment (mid-market employers).
• Talentech: Nordic HR technology group covering recruitment, onboarding, and HR admin across Norway, Sweden, Denmark, and Finland. Comparable customer base of Nordic employers and overlapping HR/payroll adjacency.
• Simployer: Swedish HR and payroll outsourcing provider serving Nordic employers. Closely comparable offering across payroll, HR administration, and workforce management, though focused on Sweden rather than Norway.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights4 records

Customer concentration

• Facebookfacebook.com/vismagroup

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Huldt & Lillevik