[EMEA] Ageras acquires payroll software firm Employes

Copenhagen-based software platform Ageras has acquired Dutch payroll software firm Employes. It is the company’s eighth acquisition to date, BeBeez reports.

Employes was founded in 2018. It provides DIY payroll tools tailored to the Dutch regulatory system and serves more than 6,000 businesses. 

This latest acquisition reportedly strengthens Ageras’ presence in the Netherlands and adds payroll capabilities to its existing suite, which includes accounting, banking, and invoicing tools. 

The acquisition follows the company’s 2024 purchase of French business banking app Shine and is part of Ageras’ continued strategy to consolidate core financial tools under one platform. 

Ageras, which reported €55.5 million in 2024 revenue, is backed by investors including Investcorp, Coller Capital, and Lazard. It is expected to pursue further acquisitions across Europe.

Founded in 2012, Ageras is a European software company providing digital tools that support small and medium-sized businesses to manage core administrative functions, including accounting, invoicing, payroll, and banking. 

Rico Andersen - CEO and co-founder of Ageras - said, “Employes is a perfect match for Ageras as they too believe in putting business owners first, and building a product that radically simplifies their administration. The acquisition doesn’t just make our Dutch offering much stronger but also gives us a proven, scalable platform to do even more with payroll, ultimately changing the way small businesses pay their wages and take the pain out of payroll. No doubt, this is our most significant acquisition since Shine joined us last year.” 

Ageras reportedly completed its acquisition of Danish payment reconciliation software Storebuddy earlier this year.

Source: BeBeez

(Quote via original reporting)

Copenhagen-based software platform Ageras has acquired Dutch payroll software firm Employes. It is the company’s eighth acquisition to date, BeBeez reports.

Employes was founded in 2018. It provides DIY payroll tools tailored to the Dutch regulatory system and serves more than 6,000 businesses. 

This latest acquisition reportedly strengthens Ageras’ presence in the Netherlands and adds payroll capabilities to its existing suite, which includes accounting, banking, and invoicing tools. 

The acquisition follows the company’s 2024 purchase of French business banking app Shine and is part of Ageras’ continued strategy to consolidate core financial tools under one platform. 

Ageras, which reported €55.5 million in 2024 revenue, is backed by investors including Investcorp, Coller Capital, and Lazard. It is expected to pursue further acquisitions across Europe.

Founded in 2012, Ageras is a European software company providing digital tools that support small and medium-sized businesses to manage core administrative functions, including accounting, invoicing, payroll, and banking. 

Rico Andersen - CEO and co-founder of Ageras - said, “Employes is a perfect match for Ageras as they too believe in putting business owners first, and building a product that radically simplifies their administration. The acquisition doesn’t just make our Dutch offering much stronger but also gives us a proven, scalable platform to do even more with payroll, ultimately changing the way small businesses pay their wages and take the pain out of payroll. No doubt, this is our most significant acquisition since Shine joined us last year.” 

Ageras reportedly completed its acquisition of Danish payment reconciliation software Storebuddy earlier this year.

Source: BeBeez

(Quote via original reporting)