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On 7th September 2021, Symfonia announced that it entered into a definitive agreement to acquire 100% stake in, one of the leading payroll software providers in Poland.

The Company has over 17k active licenses and offers 5 main payroll and accounting products including, R2Platnik.
This acquisition will reinforce Symfonia’s position in the payroll & HCM space and allow Symfonia to offer new value-add services to its now over 46k strong customer base.

The acquisition is in line with Symfonia’s long term strategy of expanding its product portfolio, and it also highlights Symfonia’s appetite to grow inorganically and consolidate the fragmented enterprise software market in Poland and the CEE region.

Symfonia develops software solutions for business.

For 25 years, Symfonia supported digital transformation processes in Polish SMEs.

Several thousands companies already use its solutions across the country. We create and develop Enterprise Resources Planning (ERP) software.

Symfonia also make programs and application, including cloud solutions, for management and automation of finance and accounting, as well as HR and payroll, traditional sales channels and e-commerce support, warehousing management, production process management, electronic document flow management, and data analysis.

In March 2021, Symfonia was acquired by Mid Europa Partners, the leading private equity investor in Central and Eastern Europe.

VCP acted as an exclusive M&A advisor to Symfonia and was accompanied by BCGL (legal advisor) and CSWP (financial and tax advisor)

Source: VCP, September 2021

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