Timegrip strengthens its position in the Workforce Management (WFM) software market through the acquisition of Software4You
Copenhagen, March 04, 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 1,000 customers and is used in 30 countries throughout Europe. The client base includes customers 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.”
About Timegrip Group
Founded in 1995 and based in Denmark, Timegrip Group provides workforce management solutions. Their flagship product, Timegrip, helps organizations optimize their workforce management processes through functionalities such as employee scheduling, time tracking, shift planning, and task allocation. Timegrip Group serves over 1,000 customers across various industries, including retail, hospitality, healthcare, and logistics. The company is known for its user-friendly interface and robust integration capabilities, making workforce management more efficient and streamlined for its clients.
About Software4You Planungssysteme GmbH
Software4You Planungssysteme GmbH is a leading provider of HR controlling and personnel cost planning solutions based in Munich, Germany. Their flagship product, 4PLAN HR, offers powerful analysis and simulation functions to support decision-making and optimize budgeting processes. Software4You serves over 200 companies, 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.
About Main Capital Partners
Main Capital Partners is a leading software investor in the Benelux, DACH, the Nordics, and the United States with approximately EUR 6 billion in Assets under Management. Main has over 20 years of experience in strengthening software companies and works closely with the management teams in its portfolio as a strategic partner to achieve profitable growth and larger outstanding software groups. As a leading software investor managing private equity funds active in Northwestern Europe and North America, Main has 80 employees operating out of its offices in The Hague, Düsseldorf, Stockholm, Antwerp, Paris, and an affiliated office in Boston. Main maintains an active portfolio of over 45 software companies. The underlying portfolio employs over 15,000 employees. Through its Main Social Institute, Main supports students with grants and scholarships to study IT and Computer Science at Technical Universities and Universities of Applied Sciences.
