TimeTac, a portfolio company of Maguar Capital, strengthens its leading position as time-tracking software provider in the DACH region through the acquisition of Timeular
Munich, Germany – June 2025 – Maguar Capital, the German software investor focused on the DACH region, is pleased to announce that its portfolio company TimeTac has acquired Timeular GmbH, a leading Austrian provider of automated project time tracking solutions for knowledge workers.
Founded in Graz in 2015, Timeular – with its product “EARLY” – offers a privacy-first, AI-powered platform tailored primarily to the needs of teams in consulting, IT services and professional agencies. With more than 4,500 paying customers worldwide, the company is known for its intuitive user experience, real-time analytics, and seamless integrations with leading ERP, payroll, and project management systems.
The solution spans the full project time management continuum – from real-time task tracking and leave management to advanced reporting and billing exports. Its GDPR-compliant cloud architecture as well as web- & desktop-first design ensure maximum security and flexibility. Evolving AI capabilities provide predictive insights that drive billability and productivity at scale.
With this acquisition, TimeTac is strategically expanding its product portfolio by adding a best-in-class, automated project time tracking module. This enables the company to better serve its growing base of white-collar SME clients across the DACH region and beyond. The integration unlocks significant cross-selling potential, supports the rollout of its next-generation platform “TimeTac Next”, and accelerates product innovation across both platforms.
Christoph Lückl, CEO of TimeTac, comments: “We’ve known the Timeular team for a long time and have always admired their innovative approach to project time tracking. By combining our strengths, we aim to offer a unified platform addressing the diverse needs of our clients—from compliance to project billability and productivity.”
Manuel Zoderer, Co-Founder of Timeular, remarks: “I’m genuinely excited about our future collaboration and the strong cultural fit between both organizations. I’m also proud that our product will continue to serve users under a trusted brand like TimeTac. Together, our two platforms form a world-class solution for clients who value both compliance and project-level time tracking.”
Johannes Losbichler, Partner at Maguar Capital, states: “The acquisition of Timeular marks another key milestone in executing TimeTac’s growth strategy. Building on strong organic momentum, this investment strengthens TimeTac’s positioning as a leading provider in the area of compliance-focused time tracking and expands its high-quality offering.”
The transaction was advised by valantic, Fieldfisher, PKF Corti & Partner, PwC, LUPP + PARTNER, and KPMG. The shareholders of Timeular were advised by Schönherr Rechtsanwälte.
About TimeTac
TimeTac is a Graz-based B2B software company specializing in time and attendance tracking. Its cloud-based solution enables businesses to easily record, manage, and analyze work hours, absences, and project-related time while fulfilling all local legal requirements. The company serves over 4,800 customers, primarily in the DACH region, with more than 170,000 employees using its software daily. TimeTac currently employs 85 people and plans to grow its team to over 100 by the end of the year.
About Timeular
Timeular is a SME-focused B2B software company offering time management solutions within the productivity software space. Its product “EARLY” includes automated time tracking, leave management, productivity analytics, and a unique physical time tracking device. Timeular primarily serves sectors with high time tracking needs, such as consulting, agencies as well as professional and IT services firms.
About Maguar Capital
Headquartered in Munich, Germany, Maguar Capital was founded in 2019 by Matthias Ick, Gunther Thies, and Arno Poschik. Maguar focuses on investments in small and medium-sized B2B software companies in the DACH region. The Maguar team has strong entrepreneurial and extensive management experience in the technology industry, with more than 35 years of experience as software CEOs and more than 20 years of experience in the private equity industry. Recent investments in related areas such as shyftplan, HR WORKS, Effectory and Ingentis have helped to build a deep understanding of relevant and repeatable value creation themes.
For more information, please contact:
Johannes Losbichler
Maguar Capital – Partner
Mail: jl@maguar.com
Homepage: www.maguar.com