bexio takes over Elohna
bexio's growth continues unabated: Thanks to the acquisition of Elohna GmbH, bexio will in future also offer a payroll accounting function to Swiss small businesses and self-employed persons. In addition, the acquisition gives bexio a location in Berlin.
bexio is a provider of web-based business software for SMEs. The Rapperswil-based company is now acquiring Elohna GmbH from Berlin. Elohna develops and markets cloud-based payroll accounting specifically for Swiss SMEs. The company was initiated in 2016 by Doodle founders Myke Näf and Paul Sevinç to replace cumbersome payroll accounting with Excel spreadsheets with modern online software. The parties have agreed not to disclose the purchase price; with the acquisition, the Elohna founders will become shareholders of bexio.
This step is another chapter in the growth story of the Swiss software company, which won the award for best software startup at the "Top 100 Startup" awards last September. Meanwhile, bexio AG has 50 employees and more than 8000 companies work with the business software. With payroll accounting, this number is soon to increase significantly: "Payroll accounting with Excel was yesterday. Thanks to bexio, even more entrepreneurs can now benefit from the modern web service," says Myke Näf, initiator of Elohna. According to his colleague Paul Sevinç, the two companies would be a perfect match: "Both are easy-to-use software and always accessible thanks to the cloud, which is ideal for SMEs."
Marius Kreis, co-founder of Elohna and new head of the Berlin office: "We have numerous joint customers who will benefit from the cooperation." And Jeremias Meier, co-founder and CEO of bexio, adds: "I am impressed by the speed at which the Elohna team has developed a great product and I am very much looking forward to our further cooperation. It's great that payroll and the entire team are now a part of our solution." He is particularly pleased to fulfill one of the most common requests from bexio customers: "By integrating payroll into the accounting software, we are making life even easier for small business owners and thus expanding our platform."
