Timegrip strengthens its position in the Workforce Management (WFM) software market through the acquisition of Software4You

Copenhagen, March 06, 2025 – Timegrip announced the acquisition of Germany-based Software4You, a provider of HR controlling and personnel cost planning software. The acquisition marks the third step in Timegrip’s buy-and-build strategy, which has been a portfolio company of Main Capital Partners since 2022.

Timegrip is a Danish software vendor of Workforce Management (“WFM”) solutions. With more than 25 years of experience in the WFM industry, the company’s platform has grown into a leading solution within employee scheduling, time and attendance, and HR administration, allowing its international client base to comply with complex labor legislations, for example to collective agreements.

Timegrip currently serves more than 800 customers and is used in 30 countries throughout Europe. The client base includes customer such as JYSK, Salling Group, Merlin Entertainment Group, IKEA and Bauhaus with operations throughout Europe. Main Capital invested in Timegrip in 2022 as part of its strategy to support high-potential software companies.

Software4You, founded in 1998, specializes in HR controlling and personnel cost planning solutions. Their flagship product, 4PLAN HR, offers powerful analysis and simulation functions to support decision-making and optimizing budgeting processes. Software4You serves over 200 clients, providing tools for active and up-to-date personnel planning, variable remuneration determination, and organizational transformation. Their solutions are designed to be flexible and user-friendly, ensuring a high level of acceptance and accuracy in HR controlling. Software4You serves large customers across the world from its HQ in Munich.

Creating a more complete Workforce Management software suite for the HR market with clear USPs

With this combination, Timegrip Group and Software4You form a sizeable player in the Workforce Management space. The acquisition results in a more complete product software suite for the HR market which covers an extended value chain by adding Software4You’s HR controlling capabilities to Timegrip Group’s workforce management solutions. This creates clear product USPs as it leverages both companies’ technologies to optimize HR processes and functionalities, further increases the geographical reach, and enables a smoother and faster transition to integrated solutions.

Rex Clausager, CEO of Timegrip Group: “This acquisition is an exciting milestone in our strategy to become a leading provider of digital workforce management and HR solutions. By partnering with Software4You, we are enhancing our capabilities and delivering even more value to our customers. Our combined expertise will allow us to offer a seamless, AI-driven workforce management experience that boosts efficiency and automation for businesses worldwide.”

Hanns-Dirk Brinkmann, CEO of Software4You: “Our entire team is excited about combining forces. In the coming months, we will continue to develop our product portfolio together, to even better serve the needs and deliver even more World Class HR Controlling tools to our customers. We look forward to leveraging our combined strengths to accelerate our growth trajectory and achieve our goals as part of the Timegrip family.”

Wessel Ploegmakers, Partner at Main Capital Partners: “The acquisition of Software4You by Timegrip Group is a very strategic step for Timegrip building out the product offering to a stronger HR suite which we can cross-sell to our customers. We are confident that integrating these two highly complementary companies will drive long-term value for all stakeholders and create a new powerhouse in Europe.”

Nothing contained in this Press Release is intended to project, predict, guarantee, or forecast the future performance of any investment. This Press Release is for information purposes only and is not investment advice or an offer to buy or sell any securities or to invest in any funds or other investment vehicles managed by Main Capital Partners or any other person.