Employes Acquired by Ageras: Enhancing Payroll Solutions Across Europe
Deal News | Jul 11, 2025 | PR Newswire Cision Ageras
Ageras, a leading software platform for accounting, administration, and banking for small businesses in Europe, has completed its eighth acquisition by purchasing Employes, a Dutch payroll software company. This acquisition aids Ageras in expanding its presence in the Netherlands and adding comprehensive payroll software to its offerings. Ageras's CEO, Rico Andersen, expressed that this acquisition is their most significant since acquiring Shine in 2024 from Société Générale. Employes, founded by Rob Kroezen and Marius van den Oever, serves over 6,000 companies and is aligned with Ageras's philosophy of simplifying business administration for small businesses. With backing from investors like Investcorp, Coller Capital, and Lazard, Ageras is focusing on strategic acquisitions to become a dominant player in the European market for small business solutions.
Sectors
- Software
- Financial Services
Geography
- Europe – Ageras operates across Europe and aims to enhance its European offerings through the acquisition of Employes, a Dutch company.
- Netherlands – The acquired company, Employes, is based in the Netherlands, and the acquisition strengthens Ageras's position in this market.
Industry
- Software – The article discusses Ageras, a software platform that focuses on accounting, admin, and banking solutions for small businesses, acquiring Employes, a payroll software company.
- Financial Services – Ageras's offerings include financial solutions such as invoicing, accounting, and banking for small businesses, and its recent acquisition aims to expand its services further.
Financials
- EUR 8.7 million – Ageras's EBITDA as revealed in their 2024 annual results.
- EUR 55.5 million – Ageras’s revenue in 2024, which surged by 114%.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ageras | Bidding Company | Company | A leading European software platform offering solutions for small businesses. |
| Employes | Target Company | Company | A Dutch payroll software company serving over 6,000 companies. |
| Société Générale | Vendor | Company | French banking platform that sold Shine to Ageras in 2024. |
| Rico Andersen | CEO | Person | Ageras's CEO and co-founder who commented on the significance of the acquisition. |
| Rob Kroezen | Co-founder | Person | Co-founder of Employes who spoke about the acquisition. |