AGroup

AGROUP is one of the leaders in human resource management and payroll solutions in Eastern Europe and Middle East.

Business Model: SAAS

Revenue: $1.2M

Employees: 11-50

Rankings

Detailed AGroup Information

Geographic Data

AGroup headquarters map

Address:

City: Riga

State: Riga

Zip:

Country: Latvia

Financial Info

Stage:

series unknown

Raised Last:

$2M

Raised Total:

$2M

Metrics

2,434,451Website Global Rank

7,479Website Monthly Traffic

Twitter Followers

Description

AGroup was formed in 2008, as a spin off from Latvian office of Robertson &a; Blums Corporation, which underwent dramatic restructuring in early 2008. Companie’s products, however, date back to 1995, when the first solution was developed as an add-on module to SunSystems suite of financial reporting tools. The solution, initially focused exclusively on payroll, gained popularity and quickly became a standard for streamlining the payroll process among SunSystems clients in Eeastern Europe. In 1998 the product was branded HRB® and released as a stand alone tool, covering payroll calculation and reporting. Hundreds of multinationals across a dozen countries were already using HRB® to calculate payroll for tens of thousands of employees at that time. In 2000, HRB® suite of products first ventured outside of its exclusive focus on payroll. A series of tools covering basic HR functionality, including workforce management were added. HRB® products continued to develop and gain recognition on the market. Product’s multitenancy features, made it attractive to independent payroll processors, some of which adopted the product to run their whole business using HRB® solutions. World leader in payroll processing – ADP – is exclusively using HRB® to run its Polish branch to date. In 2001, HRB® solutions were further enhanced with advanced Time &a; Attendance functionality. Web-based employee and manager serf service portal was added in 2004. Subsequently metrics management and recruitment functionality were introduced in 2006, due to customer demands. Today AGroup is one of the leaders in payroll processing and HR solutions in Eastern Europe with over 550 clients in 22 countries, calculating 250,000+ payrolls.

Contact Phone:

Contact Email:

Announced Date Company Transaction Money Raised
Announced Date Transaction Number of Investors Money Raised Lead Investors
7/2011 Venture Round 1 $2.1M BaltCap
BaltCap
Announced Date Name Price

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