The full terms of the deal remain undisclosed. However, the acquisition consists of a combination of cash and equity. This sees a number of Rollbox’s investors being issued shares in Personio, while others have exited entirely.
Founded in 2016, Rollbox was backed by SaaS investor Point Nine and Berlin-based VC La Famiglia, along with individual investors Paul Forster (founder of Indeed) and Brian Pietras (VP Strategy at Workday).
“This deal will allow Personio… to extend is HR Operating System by [adding] a fully integrated payroll engine that can help customers fully automate payroll,” Personio Co-Founder and CEO Hanno Renner tells TechCrunch. Features include real-time validation, automated government, insurance and tax communication and on-the-fly payroll calculations.
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