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  6. Timecentric Acquires Time Rack

M&A Deal Summary

Timecentric Acquires Time Rack

On May 19, 2020, Timecentric acquired internet software and services company Time Rack

Acquisition Highlights
  • This is Timecentric’s 1st transaction in the Internet Software and Services sector.
  • This is Timecentric’s 1st transaction in the United States.
  • This is Timecentric’s 1st transaction in California.

M&A Deal Summary
Date 2020-05-19
Target Time Rack
Sector Internet Software and Services
Buyer(s) Timecentric
Deal Type Add-on Acquisition

Target

Time Rack

Corona, California, United States
Time Rack, Inc. is a complete cloud-based front end system for payroll combining time and attendance, HR, and mobile. The company focuses on service and making the process easier for the client base. It offers clients 24-hour access, multiple clock-in options, and complete support to process more payrolls in a timely manner. Like a lock and key combination, Time Rack flows smoothly into most payroll software, saving time and money. Our newest product Time Rack 365 is fully integrated with Thomson Reuters Accounting CS Payroll. Time Rack was formed in 2004 and is based in Corona, California.

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Buyer(S) 1

Buyer

Timecentric

Wake Forest, North Carolina, United States
Category Company
Sector Business Services
DESCRIPTION

Timecentric, Inc. is an HR tech investment group focused on early-stage technologies that show high growth potential. It provides services in the areas of payroll, HR, financial, and technology. Timecentric is based in Wake Forest, North Carolina.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
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