“We will take over the software division and the two HR solutions – True HR and dpPayroll and only part of the staff, several dozen people. We want to launch new generations of the software products and develop the customer base, expand it,” Voicu Oprean, founder and CEO of AROBS Software, told ZF.
Oprean did not provide details about the value of the deal, citing confidentiality reasons. However, he did say the acquisition was within the yearly budget of EUR3 million of AROBS.
“We will self-fund the acquisition.”
Law firm RTPR Allen & Overy assisted AROBS Transilvania Software and DLA Piper Romania assisted TMF Group in the deal.
(English version by Loredana Fratila-Cristescu)