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.













