TimeTac has acquired Timeular GmbH to expand its project time tracking capabilities and enhance its service offerings to SME clients across the DACH region.

Target Company Overview

Maguar Capital, a German investor focused on the DACH region, proudly announces that its portfolio company, TimeTac, has acquired Timeular GmbH, a distinguished Austrian provider of automated project time tracking solutions tailored for knowledge workers. Founded in Graz in 2015, Timeular offers a privacy-centric, AI-driven platform known as “EARLY,” which caters primarily to consulting, IT services, and professional agencies. The company boasts over 4,500 paying customers globally and is recognized for its user-friendly interface, real-time analytics, and seamless integrations with leading ERP, payroll, and project management systems.

Timeular's offerings encompass the entire spectrum of project time management, featuring real-time task tracking, leave management, and advanced reporting capabilities. The solution’s GDPR-compliant cloud infrastructure, combined with its web- and desktop-oriented design, ensures optimal security and adaptability. The expansion of AI capabilities further provides predictive insights that enhance billability and productivity across various operations.

Industry Overview in Austria

The Austrian software industry is experiencing robust growth, particularly in sectors focusing on business automation and productivity. With a growing emphasis on digital transformation, companies are increasingly investing in software s