Add-on Acquisition • Software

Citation Group Acquires foundU

On April 16, 2025, Citation Group acquired software company foundU

Acquisition Context
  • This is Citation Group’s 1st transaction in the Software sector.
  • This is Citation Group’s 1st transaction in Australia.

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M&A Deal Summary

Date April 16, 2025
Target foundU
Sector Software
Buyer(s) Citation Group
Deal Type Add-on Acquisition

Target Company

foundU

Milton, Australia
foundU is an all-in-one workforce management and payroll platform serving Australian businesses. The company's platform integrates critical business processes like employee onboarding, rostering, time tracking, and payroll into one seamless system. By automating compliance with Australia’s intricate labour laws, it empowers business owners to manage their operations more effectively and focus on their priorities. foundU was formed in 2015 and is based in Milton, Australia.
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Buyer Overview 1

Buyer

Citation Group

North Sydney, Australia

Category Company
Sector Business Services
DESCRIPTION

Citation Group offers designing and implementing enterprise agreements and certifying ISO management systems to provide outsourced HR solutions and navigating knotty employment-related claims for Aussie and Kiwi businesses. Citation Group is based in North Sydney, Australia.


Deal Context for Buyer #
Overall 1 of 1
Sector: Software 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Australia 1 of 1
Year: 2025 1 of 1