TimeTac | MAGUAR Portfolio HR Tech

Time tracking was the beginning. Workforce Intelligence is the future.

Tracking time gives companies visibility. Understanding it creates better decisions. Together with Maguar, TimeTac has evolved from a precise time-tracking solution into an intelligent workforce platform. (recommended)

Industry HR Tech
Seat Graz
Model B2B SaaS · EU

About the Company

TimeTac wasn’t born from an abstract market thesis, but from the founders’ own operational needs. Working in a distributed environment, they needed a solution to track working time fairly, transparently, and reliably. What began as an internal tool evolved into a cloud-native product designed from the outset around accuracy, compliance, and ease of use.

When Maguar invested, TimeTac was already a profitable, fully bootstrapped SaaS business—founded in Graz in 2011 and grown entirely without external capital. Maguar’s investment in early 2024 marked the beginning of a new growth chapter: strengthening the senior leadership team, scaling the go-to-market organization, expanding internationally, and broadening the product portfolio. With the acquisition of Timeular and the launch of TimeTac Next+, the company has evolved from a leading time and attendance solution into a comprehensive workforce intelligence platform.

Facts & Figures

Headquarters
Graz, Austria
Industry
HR Tech
Founded
2009
Maguar Investment
2023

Acquisitions

2025

Specialist in automated project time tracking. Strategic expansion of the product portfolio to include AI-powered time tracking.

Maguar's Investment

When Time Tracking Is Just the Beginning

TimeTac began as a precise time tracking solution for the mid-market, built around compliance and ease of use. Today, the company is evolving into a comprehensive workforce intelligence platform—spanning time and attendance, workforce management, AI-powered analytics, and automated project time tracking.

Not just the next investor.
The right partner.

The partnership with Maguar did not arise from a traditional exit process. The founders weren’t looking for capital to continue building TimeTac—they were looking for a partner who could help shape the company’s next stage of growth while preserving its entrepreneurial DNA. From the first conversation to the transaction, the process was deliberately thoughtful and built on mutual trust.

Succession as an Opportunity, Not a Risk.

Maguar’s investment in early 2024 established a structured growth agenda. The priorities included a well-planned leadership transition, building a professional leadership team, and strengthening core business functions—from finance and reporting to sales and marketing.

Hands-on. Not theoretical.

We differentiated ourselves in three key ways. First, through our deep experience in HR software and the natural strategic fit with HR WORKS. Second, through our hands-on perspective on the business—not with an abstract investment thesis, but with concrete ideas for leadership, organizational development, go-to-market, and product strategy. And third, through the way we built the relationship: respectful, direct, and driven by a genuine appreciation for the entrepreneurial DNA behind TimeTac.

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Employees Today
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Months to Signing
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Strategic Acquisition

Five Value Creation Levers

How we helped take TimeTac to the next level.

Value creation at TimeTac was driven by a combination of clearly defined levers: leadership succession, organizational scaling, product development, and international expansion. What began as a bootstrapped time-tracking solution evolved into a scalable workforce management platform. Success wasn’t driven by any single initiative—it was the combination that made the difference.

HR WORKS × MAGUAR

Interviews & Insights

Christoph Lückl

CEO
with TimeTac since 2020

Michael Mauthner

CTO/CPO at TimeTac
With TimeTac since 2020

Gernot Zenz

Head of Marketing at TimeTac
with TimeTac since 2023

Our Shared Milestones

From 2023 to today – Our journey together

2009
TimeTac Founded in Graz

TimeTac × Maguar

The Maguar Perspective: Johannes Losbichler, Partner

Johannes Losbichler is a Partner at Maguar and works closely with TimeTac’s management team. As a former software entrepreneur, he understands the challenges from both sides of the table—and knows that sustainable growth requires more than the right value creation levers. In this video, he shares what a true partnership between equals looks like in practice.

TimeTac has shown us what’s possible when a company grows profitably without ever having needed an investor. Our job was to build on that foundation—not to replace it.
Johannes Losbichler, Timetac
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Ready for the next phase of growth?

Maguar is THE investor and partner for B2B software companies in the DACH region—with a clear strategy, operational experience, and a true entrepreneurial spirit.

MAGUAR Capital