Visma has acquired Belgian HR-tech company Syntegro to enhance its position in the workforce management software market while supporting Syntegro's expansion ambitions into the Dutch and European markets.
Target Information
Visma, a specialist in enterprise software, has acquired the Belgian HR-tech company Syntegro. Founded in 2007, Syntegro has established itself as a leading provider of workforce management software, offering comprehensive solutions for time tracking and personnel planning. Over the past sixteen years, the company has built a reputation for delivering flexible, fully customizable SaaS applications that cater to the specific needs of its clients.
Industry Overview in Belgium
The HR-tech industry in Belgium is evolving rapidly, driven by the increasing demand for digital solutions that streamline workforce management. Companies are recognizing the importance of efficient time tracking and scheduling solutions, especially in the wake of shifts towards remote and hybrid work models. This has propelled the development and adoption of specialized software solutions, making the market more competitive.
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Moreover, as Belgian businesses continue to navigate labor market changes, there is an ongoing emphasis on optimizing human resource management through technological a
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Visma
invested in
Syntegro
in 2023
in a Other deal
Disclosed details
Revenue: $2M