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Exact (NL) acquires HR software firm Officient (Flanders)

Dutch business software vendor Exact is acquiring Officient, a start-up from Ghent (Flanders) which developed a cloud platform for human resources services. Co-founded by former employees of the Ghent-based cloud software firm Teamleader, Officient’s software enables companies to organize HR processes such as remuneration, contracts, fleet management and performance reviews.

Growing demand

The 30-strong Ghent company is an interesting addition for Exact, which is expanding  its core activity of accounting software development to branch out into related activities, such as business management and HR. In just three years, Officient has gained over 4,000 customers, which together employ a total of 35,000 people. The digital start-up company also works closely with payroll and HR service providers.

“We see growing demand from customers looking for a solution that meets all their HR administration needs,” comment the CEO of Exact, Phill Robinson. “With Officient, we have found the perfect partner to meet that need. We’ve been impressed by the speed with which Officient has attracted a large customer base. This acquisition fits in with our strategy to expand through a combination of organic growth and integration of acquired products. In addition, we continue to build on our local presence.”

More info

OfficientExact
Reported by
De Tijd newspaper
5 October 2020

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