About VT-Soft
VT-Soft is a company based in Budapest (Hungary) founded in 1989 was acquired by Teta in March 2008.. VT-Soft offers products and services including Abacus BÉR, Abacus TB, Abacus CAFETERIA, and Abacus MUNKAIDŐ. VT-Soft operates in a competitive market with competitors including Gusto, Justworks, Earnin, Paylocity and Payflow, among others.
- Headquarter Budapest, Hungary
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Libra Szoftver Zrt
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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. 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 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.
Funding Insights of VT-Soft
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in VT-Soft
VT-Soft has secured backing from 1 investor. Prominent investors backing the company include Teta. 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 |
|---|---|---|---|---|
|
ERP, HRMS, BI, and transaction system for financial institutions
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by VT-Soft
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - VT-Soft
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Vt-Soft Comparisons
Competitors of VT-Soft
VT-Soft 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 Gusto, Justworks, Earnin, Paylocity and Payflow, 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 payroll solutions are offered for small businesses.
|
|
| domain | founded_year | HQ Location |
Benefits administration and payroll management are provided for businesses.
|
|
| domain | founded_year | HQ Location |
Real-time access to earned wages is provided fee-free.
|
|
| domain | founded_year | HQ Location |
Cloud-based payroll and HR solutions are provided for businesses.
|
|
| domain | founded_year | HQ Location |
Payflow is recognized as a financial wellness application for employees.
|
|
| domain | founded_year | HQ Location |
Cloud-based HR and payroll management solutions are offered.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about VT-Soft
When was VT-Soft founded?
VT-Soft was founded in 1989.
Where is VT-Soft located?
VT-Soft is headquartered in Budapest, Hungary.
What does VT-Soft do?
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.
Who are the top competitors of VT-Soft?
What products or services does VT-Soft offer?
VT-Soft offers Abacus BÉR, Abacus TB, Abacus CAFETERIA, and Abacus MUNKAIDŐ.
Who are VT-Soft's investors?
VT-Soft has 1 investor. Key investors include Teta.