Abacus plans acquisition of Umantis

Abacus Research AG, a leading provider of ERP products in Switzerland and market leader for payroll software, is expanding its payroll & HR portfolio in the areas of talent management and applicant management through the acquisition of the HR software company Haufe-umantis AG. This strengthens Abacus' position in Switzerland, Germany and Austria, enabling an even broader customer base as well as improved HR services.

Abacus Research AG has made various innovations in its HR applications since 2017 and has become an established provider of technological solutions in the field of human resources during this time. In 2022 alone, the number of subscriptions for employee self-services rose from 426,000 to 696,000 across Switzerland. The acquisition of Umantis will enable Abacus to expand its offering in various areas in the future and also reach new customers in Germany and Austria.

A preliminary agreement for the acquisition was signed by Abacus and Haufe-umantis AG at the beginning of April. The official purchase is scheduled for mid-year. "We are pleased to include Umantis, including its approximately 90 employees, in Abacus," said Daniel Senn, current COO and designated Chairman of the Board of Directors of Abacus Research AG. "Umantis has extensive experience and broad expertise in the HR field. We look forward to being able to offer even more comprehensive HR solutions in Switzerland as well as in Germany and Austria in the future. We will do this by combining previous Abacus products with the technological solutions developed by Umantis." Axel Singler, CEO of Haufe-umantis AG, also sees the acquisition as positive: "We are convinced that together with Abacus we will be able to develop joint solutions that will bring great added value for our clientele in many respects. This also represents an opportunity for our employees to work even more comprehensively for optimal and future-oriented HR solutions in the future.

Source: Abacus