Frankfurt am Main, Germany, October 1, 2025 – Matrix42, the European Choice in service management, announced today that it has signed a definite agreement to acquire Viio, a Denmark based company offering an intelligent SaaS management and procurement platform. The acquisition marks a strategic step to enhance Matrix42’s SAM offering.
According to Gartner, organizations that do not actively manage their SaaS estate overspend on average by over 25 % on SaaS applications. The Viio platform gives customers complete visibility and control over their SaaS estate and spend. By combining a data-driven technology platform with expert advisory services, it enables them to optimize their software stack for performance and cost-efficiency. Matrix42 intends to combine these capabilities with the Matrix42 Software Asset Management (SAM) and Enterprise Service Management offering - to help organizations manage their software landscape more effectively and support their operational goals.
“In a time when investments in agentic AI and automation are on everyone’s agenda, concrete cost savings are more needed than ever. With the Viio platform, our customers benefit from proven SaaS cost optimization”, says Niilo Fredrikson, CEO of Matrix42. “I'm genuinely impressed by both the Viio team and their product. I look forward to growing together as The European Choice in Service Management, now including even more intelligent SaaS management capabilities.”
“We’re proud of what we’ve built at Viio and excited to join forces with Matrix42 to continue delivering value to customers,” says Michael Fornander, CEO & Co-founder of Viio. “Our team remains committed to the same high standards and customer focus that have defined our journey so far.”
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Matrix42 intends to improve and support the service for Viio’s existing customer base. Viio’s existing customers will continue to benefit from the same great products and services they rely on today, supported by the same dedicated team as well as broader resources of the Matrix42 organization. Matrix42 is committed to maintaining continuity and ensuring a smooth transition, when integrating the solutions to its portfolio.
Managing SaaS: Cost, Compliance and Experience in Focus
The integration with Matrix42 SAM will enhance license management across three critical dimensions: cost, compliance and user experience. Organizations gain full visibility of SaaS licenses, which not only makes it easy to identify unused subscriptions but - even more critical - to curb shadow IT. This helps increase security, while also improving software budget control, resulting in cost savings. With the integration with ITSM and ESM offering, service desks will be better equipped to support the growing number of SaaS applications used across the organization.
The added transparency to the software footprint gives teams beyond IT the data they need to manage their SaaS environments more effectively and even add new workflows – for example for on- and offboarding processes.
As organizations expand their use of cloud-based offerings and AI tools — including agentic systems that operate with greater autonomy — knowing and controlling the full software footprint becomes essential. It’s not just about cost and compliance but about maintaining operational clarity in increasingly complex digital environments.
Both companies have been recognized by Gartner for their leadership in their respective domains: Viio was included in the 2025 Gartner® Magic Quadrant™ for SaaS Management Platforms, and Matrix42 was named a Strong Performer in the 2025 Gartner® Voice of the Customer for IT Service Management Platforms. These recognitions underscore the strength and credibility of this combined offering.
Matrix42 will build on the strong foundation Viio has built up so far and continues delivering value - along its mission to digitalize and automate work with AI-powered service management.
Subject to the satisfaction of customary closing conditions, completion of the transaction is expected to occur in the fourth quarter of 2025.
About Matrix42
Matrix42 helps organizations to digitalize and automate their work with a complete, AI-powered service management suite. Our solutions enable efficient management of IT and business processes, assets, endpoints, and identities. With our "AI and Cloud Your Way" approach, customers can choose how to deploy our solutions - on premises, private or public cloud. As the European Choice, Matrix42 focuses on responsible innovation to strengthen data sovereignty of both public and private sector customers. For more information, visit www.matrix42.com or contact us at press@matrix42.com
About Viio
Viio is pioneering Intelligent SaaS Management to help companies take back control of their software spend. On average, businesses overspend by at least 25 % on SaaS due to forgotten renewals, duplicate tools, and unused licenses. Our platform gives organisations complete visibility and actionable insights into their SaaS portfolio, enabling them to discover, manage, and optimise software spend more intelligently. By eliminating waste and driving smarter decisions, Viio ensures that every euro invested in software is spend wisely.
Legal Disclaimer
This press release contains forward-looking statements subject to risks and uncertainties. These include statements regarding the expected completion of the transaction, integration of technologies and services, and anticipated benefits for customers and partners. Actual results may differ materially from those expressed or implied. Matrix42 undertakes no obligation to update these statements unless required by law.
