About Officient
Officient is a company based in Ghent (Belgium) founded in 2017 by Michiel Bearelle, Ilias Ismanalijev, Willem Delbare, and Michiel Crommelinck was acquired by Exact in September 2020.. The company has 17 employees as of December 31, 2020. Officient operates in a competitive market with competitors including Workday, Paylocity, Sage Group, Kronos and People Strong, among others.
- Headquarter Ghent, Belgium
- Employees 17 as on 31 Dec, 2020
- Founders Michiel Bearelle, Ilias Ismanalijev, Willem Delbare, Michiel Crommelinck
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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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- Legal Name Officient
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Funding Insights of Officient
- Total Funding Total Funding
- Total Rounds 3
- Last Round Grant — $152,275
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First Round
First Round
(01 Jan 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2018 | Amount | Grant - Officient | Valuation |
investors |
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| May, 2017 | Amount | Grant - Officient | Valuation |
investors |
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| Jan, 2017 | Amount | Grant - Officient | Valuation |
investors |
| 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 |
Investors in Officient
Officient has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Exact and European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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ERP services for small to medium-sized businesses are provided.
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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 Officient
| 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 |
Financial Statements - Officient
| 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 |
investors |
Officient Comparisons
Competitors of Officient
Officient 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, Paylocity, Sage Group, Kronos and People Strong, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based HR and financial software is delivered to enterprises.
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| domain | founded_year | HQ Location |
Cloud-based payroll and HR solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payroll solutions for small and medium businesses
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| domain | founded_year | HQ Location |
HCM software solutions for enterprise workforce management are provided.
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| domain | founded_year | HQ Location |
Cloud-based human resource management software is offered.
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| domain | founded_year | HQ Location |
Cloud-based human capital management software is provided for enterprises.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
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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Frequently Asked Questions about Officient
When was Officient founded?
Officient was founded in 2017.
Where is Officient located?
Officient is headquartered in Ghent, Belgium. It is registered at Ghent, East Flanders, Belgium.
How many employees does Officient have?
As of Dec 31, 2020, the latest employee count at Officient is 17.
What does Officient do?
Officient was founded in 2017 in Ghent, Belgium, as a provider of cloud-based human resource management software. Payroll, employee benefits, company assets, contracts, days off, performance reviews, and employee data are managed via the platform. Personal information is updated by employees, and written agreements are viewed through the system. Operations focus on streamlining HR processes for businesses in the technology sector.
Who are the top competitors of Officient?
Officient's top competitors include Workday, SuccessFactors and GreytHR.
Who are Officient's investors?
Officient has 2 investors. Key investors include Exact, and European Union.
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