Timeular Secures Sale to TimeTac
Deal News | Jul 07, 2025 | CEE Legal Matters
Schoenherr law firm has successfully advised the shareholders of Timeular in a transaction that sees the Austrian startup being acquired by Graz-based software company TimeTac. Timeular, which gained recognition for its innovative eight-sided physical time tracker and EARLY software platform, caters to smart time management solutions. The transition will see Timeular maintaining its brand until a complete integration with TimeTac is accomplished. On the other hand, TimeTac offers robust cloud-based time and absence management solutions, servicing a clientele of over 4,800 companies across 30 countries. The advisory from Schoenherr was led by Partner Thomas Kulnigg and Attorney at Law Dominik Tyrybon, reflecting the firm's strong expertise in such transactions.
Sectors
- Software
- Legal Services
Geography
- Austria – Timeular is an Austrian startup, and TimeTac, the acquiring company, is based in Graz, Austria.
Industry
- Software – The transaction involves Timeular, known for its time management software, and TimeTac, a provider of cloud-based time management solutions.
- Legal Services – Schoenherr, a law firm, played a pivotal role by advising on the transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Timeular | Target | Company | An Austrian startup specializing in smart time management solutions, known for its time tracker and EARLY platform. |
| TimeTac | Bidding Company | Company | A Graz-based software provider offering cloud-based time and absence management solutions. |
| Schoenherr | Legal Advisor | Company | Law firm advising on the sale of Timeular to TimeTac. Team included Partner Thomas Kulnigg and Attorney at Law Dominik Tyrybon. |