WIESBADEN, GERMANY. September 10th, 2024. saas.group announces the acquisition of Timebutler, the Germany-based HR software that provides a time recording and absence management solution for SME clients.
Founded in 2015, Timebutler operates in a large and growing market with ongoing regulatory changes, especially in the German-speaking DACH region. The company has achieved stable growth and now serves over 4,000 customers with more than 300,000 employees in various industries, including Sedo, the previous company of our Founding Partners Tim Schumacher and Ulrich Essmann.
The acquisition of Timebutler denotes saas.group’s 22nd successful acquisition and our seventh in the DACH region.
Juan Gil, Founder of Timebutler, commented, ”The sale of Timebutler marks an exciting milestone and the entire process with saas.group couldn’t have been smoother — always collaborative, always quick and always full of good energy. We share the same passion for innovation and customer-first thinking. For our amazing customers, this means significant benefits: with the vast expertise and expanded resources of saas.group, we will be able to offer an even better Timebutler and improved services in the future!”
Zoltan Bettenbuk, incoming Timebutler GM, commented, “We’re excited to bring Timebutler into saas.group’s growing portfolio, and I’m really looking forward to working with Juan and his team. They’ve built a great tool that’s already loved by many, and it will be a pleasure to keep improving it. We see a lot of opportunities to add even more value for users and strengthen Timebutler’s place among the top absence management tools in the world.”
Tim Schumacher, Founding Partner at saas.group, commented, “Timebutler is an exceptional product that was carefully crafted over many years with exceptional customer focus, and zero marketing, purely growing by word of mouth. This transaction, our 4th this year and 3rd in Germany, reflects saas.group’s growing reputation as a destination of choice for bootstrapped businesses through a founder-friendly M&A process”
saas.group acquires promising SaaS companies with a founder-friendly process in order to elevate their product – and their people – to the next level. Founded in 2017 by serial tech entrepreneurs, the company has acquired twenty-two companies to date, including Beekast, Crosstalent, Tower, Rewardful, Prerender, Juicer and Seobility. With over 350 team members across 30 countries globally, saas.group provides products across Online Marketing, HR, Dev Tools, Customer Experience and more.
saas.group was advised by Luther (Dr. Jörgen Tielmann), BA Group (Neele Wehmeyer), Techminers (Jürgen Vogel) and Dr. Dirk Koehler as our General Counsel. Timebutler was advised by Dr. Joachim Distel.
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