Volaris acquires Zeit AG
Volaris Group, a leading international software provider for vertical markets, has announced the acquisition of Zeit AG, a provider of time and attendance solutions tailored to the needs of complex European organizations.
Zeit AG's technology supports customers with time recording for employees and projects, personnel and shift planning as well as attendance management. The solutions, which are available as SaaS or on-premise models, are characterized by their adaptability and extensive functionality. Its flagship products include ProLine and Bridge4ERP, which have long made the company a leading provider in the field of time and attendance technology.
Zeit AG was founded in 1994 by Ivo Muri and is headquartered in Sursee. In 2018, he sold his company to Stefan Herrmann's Base-Net Groupwho in turn is now selling the company to the Canadian Volaris Group.
Alice Luo, Chief Strategy Officer of Volaris Group, comments on the acquisition as follows: "I look forward to working with Zeit AG to continue to deliver value to its customers and support its mission to develop new innovations in time and attendance and workforce management. Volaris' best practices, training and education will help position Zeit AG for success and growth."
Stefan Müller, CEO of Zeit AG, said: "Our modular time and attendance solution is designed to cover all workforce management challenges from a single source and represents our commitment to innovation and customer satisfaction. The Volaris Group buys and keeps the acquired companies - this means that our customers can rely on a stable home for our team and our technology."
Zeit AG will continue to operate independently under the management of Stefan Müller and the Zeit AG management team.
Source: www.volarisgroup.com
