Warburg Pincus has agreed to invest in Infoniqa, an Austrian provider of HR software and service solutions in DACH countries. No financial terms were disclosed for the transaction alongside return backers Elvaston and Infoniqa management.
Berlin, Saturday 5th September 2020: Funds advised by Warburg Pincus LLC, have reached an agreement to invest in Infoniqa, a leading supplier of HR software and service solutions in DACH countries, alongside existing investors Elvaston and Infoniqa management. Infoniqa, founded in 1988 in Austria, is a software and services solutions specialist across all areas of administrative and strategic human resources such as personnel management, payroll accounting, time management and outsourcing. The business provides services to over 3,500 corporate customers, managing over 2 million pay slips. Infoniqa also offers payroll outsourcing services, software hosting (SaaS), consulting and training.
Infoniqa is a specialist in software and service solutions in all areas of administrative and strategic human resources management: personnel management, payroll accounting, time management and outsourcing. The range of services include innovative HR software solutions, which can be used as individual modules or as a complete HR suite called “Infoniqa ONE”.
As one of the few full-service providers on the DACH market, the company serves over 3,500 customers with more than 2 million employees. Infoniqa has ten offices in Wels, Salzburg, Vienna and Graz (Austria), Böblingen, Brakel, Brandenburg, Munich and Ratingen (Germany) as well as in Zurich (Switzerland). For more information, please visit www.infoniqa.com
About Warburg Pincus LLC:
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $53 billion in private equity assets under management. The firm’s active portfolio of more than 185 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 19 private equity funds, which have invested more than $84 billion in over 900 companies in more than 40 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information please visit www.warburgpincus.com
Elvaston is an entrepreneur-led private equity firm, specialising in small to medium-sized companies located within the German-speaking region. Elvaston takes a straightforward, individual approach to guiding profitable companies operating in growth industries towards long-term value growth. For more information please visit www.elvaston.com