About VT-Soft
VT-Soft is a Technology company based in Budapest (Hungary) founded in 1989, and was acquired by Teta in March 2008. It operates as a software for payroll, attendance, and benefits management is offered. VT-Soft offers products and services including Abacus BÉR, Abacus TB, Abacus CAFETERIA, and Abacus MUNKAIDŐ. Its focus areas include Enterprise Applications, HRTech, Payroll Management and FinTech. Its legal entity is Libra Szoftver Zrt. Its competitors include Gusto, Justworks, Earnin, Paylocity and Payflow and 5 more; 9 of its 10 listed competitors have raised funding.
Company details
VT-Soft was founded in 1989 and is based in Budapest, Hungary. Operations focus on the development of software solutions and outsourcing services within the payroll, time and attendance, labor compliance, cafeteria benefits, and working hours sectors. Key products include Abacus WAGE for integrated payroll processing, Abacus TB for social security assessments, Abacus Working Hours for attendance and leave management, and Abacus Cafeteria for benefits administration.
Products & Services of VT-Soft
VT-Soft offers a comprehensive portfolio of products and services, including Abacus BÉR, Abacus TB, Abacus CAFETERIA, and Abacus MUNKAIDŐ.
Software for calculating payroll and managing employee salaries.
Tool for handling social security contributions and benefits.
Platform for managing employee cafeteria and fringe benefits.
System for recording and monitoring employee work hours.
Investors in VT-Soft
VT-Soft has secured backing from 1 investor. Prominent investors backing the company include Teta.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
ERP, HRMS, BI, and transaction system for financial institutions | 1987 | teta.com.pl | Wroclaw, Poland |
Investor details for VT-Soft
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Timeline of VT-Soft
2 dated milestones of VT-Soft across 19 years, from founding to its latest funding, stage changes and deals.
- Founded VT-Soft is founded.
- Exit Acquired by Teta.
Competitors of VT-Soft
VT-Soft has 10 listed competitors in our database, 9 of them funded. They include Gusto, Justworks, Earnin, Paylocity and Payflow, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gusto.com | 2012 | San Francisco, United States | $718.35M | 5,876 | Cloud-based HR and payroll solutions are offered for small businesses. | |
| justworks.com | 2012 | New York, United States | $147.52M | 55,459 | Benefits administration and payroll management are provided for businesses. | |
| earnin.com | 2012 | Palo Alto, United States | $190.1M | 242 | Real-time access to earned wages is provided fee-free. | |
| paylocity.com | 1997 | Arlington Heights, United States | $37.28M | 4,150 | Cloud-based payroll and HR solutions are provided for businesses. | |
| payflow.es | 2020 | Alcobendas, Spain | $58.23M | – | Payflow is recognized as a financial wellness application for employees. | |
| zenefits.com | 2013 | Tempe, United States | $598.27M | 242 | Cloud-based HR and payroll management solutions are offered. | |
| papayaglobal.com | 2016 | New York, United States | $440M | – | Cloud-based payroll management solutions are offered for businesses. | |
| ultimatesoftware.com | 1990 | Weston, United States | – | 10,754 | Cloud-based payroll and talent management software is offered to businesses. | |
| pagarbook.com | 2018 | Bengaluru, India | $24.84M | 456 | Provider of staff attendance, payroll and biometric attendance tools for small to medium enterprises | |
| payscale.com | 2002 | Seattle, United States | $117.62M | 299 | Payroll compensation management software is provided for businesses. |
Detailed competitors of VT-Soft
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of VT-Soft
The website of VT-Soft (vtsoft.hu) receives about 2.4K visits a month.
- Monthly visits2.4K
▼ 13.3% vs previous month
Websites whose visitors overlap most with VT-Soft. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
search.mcdonalds.co.jp | search.mcdonalds.co.jp | 100% | – | – | – |
munkajogiblog.hu | munkajogiblog.hu | 52% | – | #11,195,389 | – |
cegtan.hu | cegtan.hu | 52% | – | – | – |
Top companies in HR & Workforce Technology
10 companies that operate in the same segment as VT-Soft (HR & Workforce Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | – | 1,695 | |
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Reward-based crowdfunding is facilitated for content creators and musicians. | 2013 | San Francisco, California, United States | USD 412.1 M | – | 1,218 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | 1,746 | |
Cloud-based HR and financial software is delivered to enterprises. | 2005 | Pleasanton, California, United States | USD 352.3 M | USD 9.53 B | 21,000 | |
Businesses are connected with freelancers via an online marketplace. | 1999 | San Francisco, California, United States | USD 140 M | USD 787.78 M | 600 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 473.73 M | – | 3,902 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 |
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Frequently Asked Questions about VT-Soft
VT-Soft was founded in 1989.
VT-Soft is headquartered in Budapest, Hungary.
VT-Soft was founded in 1989 and is based in Budapest, Hungary. Operations focus on the development of software solutions and outsourcing services within the payroll, time and attendance, labor compliance, cafeteria benefits, and working hours sectors. Key products include Abacus WAGE for integrated payroll processing, Abacus TB for social security assessments, Abacus Working Hours for attendance and leave management, and Abacus Cafeteria for benefits administration.
VT-Soft offers Abacus BÉR, Abacus TB, Abacus CAFETERIA, and Abacus MUNKAIDŐ.
VT-Soft has 1 investor. Key investors include Teta.
VT-Soft operates through Libra Szoftver Zrt.
Yes. VT-Soft was acquired by Teta in March 2008.