Wroclaw-based SaaS startup Primetric is acquired by BigTime Software, Inc., a leading PSA (professional services automation) software provider. The companies did not disclose the total amount of the deal.
- Founded in 2016 by Zbigniew Wantuła, Jędrzej Anisiewicz, and Arkadiusz Terpiłowski, Primetric develops a tool for employee workload management and financial planning. The tool can track and forecast people’s workload and projects’ profitability in a single platform.
Image: Primetric
- Primetric’s tool is currently used by over 17,000 users in 15 countries. In less than four years, the company has grown its team to over 30 employees, with its MRR (Monthly Recurring Revenue) growing at an average rate of over 190% each year.
- During the time of growth, the startup was supported by three Polish investment funds: Tar Heel Capital Pathfinder, the company’s first investor, later joined by Unfold.vc and WP2 Investments. Now, the startup caught the US giant’s attention with its success in the European market.
“BigTime shares our vision, mission, and values. The goal of both our companies is to provide customers with top-notch tools that support the growth of service-oriented businesses. By joining forces, we will be able to offer a comprehensive range of functionalities and even better service quality,”
Zbigniew Wantuła, Managing Partner at Primetric, comments.
- BigTime is a popular American platform for time tracking, project management, and invoicing. The acquisition will empower Primetric to reach a larger market and offer current users new functionalities. Simultaneously, the deal will also increase BigTime’s market share and enable it to attract new clients.
- After the merger, both platforms will reach over 100,000 users in more than 2,800 service firms worldwide. The acquisition will not disrupt the normal operations of the companies and the founders of Primetric will become key operational partners in the combined company.
