HRworks
About HRworks
HRworks is a company founded in 1998 by Thomas Holzer was acquired by Maguar in June 2023.. The company has 56 employees as of December 31, 2020. HRworks has completed 2 acquisitions, including Bonrepublic and DriversCheck. HRworks offers products and services including Personalverwaltung, Zeitwirtschaft, Reisekostenabrechnung, Lohn & Gehalt, and Personalentwicklung. HRworks operates in a competitive market with competitors including Workday, SuccessFactors, Kronos, Justworks and Sage Group, among others.
- Employees 56 as on 31 Dec, 2020
- Founders Thomas Holzer
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Aberdeen Standard
& 3 more
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Employee Count
56
as on Dec 31, 2020
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Investments & Acquisitions
Bonrepublic
& 1 more
- Acquired by
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Products & Services of HRworks
HRworks offers a comprehensive portfolio of products and services, including Personalverwaltung, Zeitwirtschaft, Reisekostenabrechnung, Lohn & Gehalt, and Personalentwicklung. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for employee data management and onboarding processes.
Tool for tracking work hours and absences securely.
System for automating travel expense calculations and reporting.
Platform for payroll handling and integration with tax systems.
Software for managing skills training and retention programs.
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Funding Insights of HRworks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in HRworks
HRworks has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Aberdeen Standard, Golding Capital Partners and EMZ Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments in France are managed by EMZ Partners.
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Founded Year | Domain | Location | |
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Maguar Capital is focused on investing in B2B software companies.
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Founded Year | Domain | Location | |
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Diversified investment management services are provided globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by HRworks
HRworks has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Bonrepublic and DriversCheck. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Employee engagement and performance management software is developed and provided.
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2019 | ||||
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Web-based driver license validation is provided for fleet owners.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - HRworks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hrworks Comparisons
Competitors of HRworks
HRworks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Workday, SuccessFactors, Kronos, Justworks and Sage Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based HR and financial software is delivered to enterprises.
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Cloud-based human capital management software is delivered globally.
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HCM software solutions for enterprise workforce management are provided.
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Benefits administration and payroll management are provided for businesses.
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Cloud-based accounting and payroll solutions for small and medium businesses
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| domain | founded_year | HQ Location |
Cloud-based payroll and HR solutions are provided for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hrworks
Frequently Asked Questions about HRworks
When was HRworks founded?
HRworks was founded in 1998.
Who is the current CEO of HRworks?
Thomas Holzer is the current CEO of HRworks. They have also founded this company.
How many employees does HRworks have?
As of Dec 31, 2020, the latest employee count at HRworks is 56.
What does HRworks do?
HRworks was founded in 1998 as a provider of online human resource management software. Solutions encompass applicant tracking, attendance management, compliance management, skill management, and travel management. An employee self-service portal is offered for accessing documents and data. Integrations with third-party software occur via API, and revenue is generated through subscription-based pricing plans. Operations focus on the HR technology sector.
Who are the top competitors of HRworks?
HRworks's top competitors include Workday, SuccessFactors and Sage Group.
What products or services does HRworks offer?
HRworks offers Personalverwaltung, Zeitwirtschaft, Reisekostenabrechnung, Lohn & Gehalt, and Personalentwicklung.
How many acquisitions has HRworks made?
HRworks has made 2 acquisitions, including Bonrepublic, and DriversCheck.
Who are HRworks's investors?
HRworks has 4 investors. Key investors include Aberdeen Standard, Golding Capital Partners, EMZ Partners, and Maguar Capital.