Austria: Schoenherr advises on sale of startup Timeular GmbH to Graz-based competitor TimeTac

Timeular is a technology company focused on smart time management and productivity enhancement. Its product, EARLY, combines automatic time tracking, absence management and in-depth productivity analytics – supported by an innovative, eight-sided physical tracker in cube form. The solution is designed especially for sectors with high demands for precise time tracking and billable work – such as agencies, service providers, and project-based teams.

TimeTac is a Graz-based software provider specialising in professional time and absence management. Its cloud-based solution enables companies to accurately record, analyse and manage working hours, absences, and project time. More than 4,800 companies in over 30 countries rely on TimeTac – with over 170,000 people using the software daily.

The Schoenherr team advising on the transaction consisted of Thomas Kulnigg (partner) and Dominik Tyrybon (attorney at law). The team has previously advised Timeular GmbH, including in connection with financing rounds.