Novax invests in the Swedish scheduling, time reporting and payroll management company Personalkollen, which has a leading web-based solution for the hotel, restaurant and catering sector.
Personalkollen was founded in 2011 by Niclas Lundell, Andreas Pelme and Johan Strandberg and today has 15 employees. The company is headquartered in Umeå with development department and customer support in Linköping. The company was started when the founders saw an opportunity to substantially improve the restaurant industry’s daily challenges with scheduling, staffing and payroll.
Personalkollen is a web-based and user-friendly staff and payroll system that offers scheduling and digital payroll management, which simplifies the accounting and management of tax returns, payroll specifications and employer contributions. Through connection to the cash register, Personalkollen can also offer profitability analysis and tip management.
The company, which currently has about 1,500 customers in the Horeca (hotel, restaurant and catering) sector in Sweden, has since 2015 collaborated with Novax’s sister company Martin & Servera as a service within Martin & Servera’s premium portal. Personalkollen is a software service (SaaS) with no startup fees, hidden costs or binding times. The company had sales of SEK 27 million in 2019.
– We are very pleased to have Novax and the Axel Johnson Group as an active owner and support for our continued growth journey. We look forward to a long and rewarding partnership based on a shared vision and long-term view on value creation. In addition, Novax will be able to contribute with knowledge in the Retail Tech segment as well as drive continued professionalization of corporate governance and scalability, which will enable us to continue to develop the market’s leading personnel and payroll management system, ”says CEO Niclas Lundell.
– We are very excited to be part of Personalkollen and their continued success story. It is a well-run, customer-focused, fast-growing and profitable company in a segment that we believe very much in. We are very impressed with what the team has accomplished and look forward to doing our utmost to support them on their continued growth journey, where we are convinced that Personalkollen can create value for customers in other industries as well, ”says Novax CEO Joakim Skarborg.
After the transaction, Novax will own 23.5% of the company and thus become the largest owner after the founders.
For further information:
Joakim Skarborg, CEO, Novax
+46 70 829 06 07