SD Worx acquires cloud payroll startup TribePerk to expand into Polish SME market.
SD Worx, the leading European HR and payroll solutions provider, has acquired the Polish HR tech startup TribePerk.
This fast-growing HR tech start-up offers an integrated suite of HR cloud solutions including payroll, core HR and time & attendance to Polish SMEs. Today it supports companies with up to 200 employees via its SaaS platform.
With this acquisition, SD Worx expands its go-to-market to Polish SMEs and strengthens its position on the Polish market, where it already serves mid-market businesses and where it is the local market leader in SAP & SuccessFactors solutions.
Kobe Verdonck, CEO of SD Worx: “With TribePerk we acquire the first full cloud payroll and HR suite for the Polish domestic market. Poland is one of the largest economies in Europe, with 17 million active workers, and Polish companies will adopt cloud-based HR solutions over the next years.”
SD Worx will help grow the TribePerk solution so companies with up to 1000 employees can benefit from it as well. As a result, the HR solutions provider can help any company doing business in Poland with their payroll and HR: smaller and medium-sized companies with their own TribePerk payroll software, large enterprises via their SAP & SuccessFactors offering. “All this fits perfectly well with our ambition to be the leading European HR solutions provider”, concludes Verdonck.
The price of the deal was not disclosed.
For this transaction, SD Worx was supported by Ernst & Young Global Limited (EY).
