Wroclaw-based SaaS Primetric joins forces with US giant to create top tool for managing service companies
Hailing from Wroclaw, Primetric has attracted the attention of an industry giant with its success in the European market – the tool is currently used by more than 17,000 users in fifteen countries. The startup, initially co-founded by three founders, Zbigniew Wantuła, Jędrzej Anisiewicz and Arkadiusz Terpiłowski, has grown to more than 30 employees in less than four years. During that time, the company’s MRR, or monthly recurring revenue, grew by an average of more than 190% each year. Along the way, the project also attracted the support of three Polish investment funds: Tar Heel Capital Pathfinder, Unfold.vc and WP2 Investments.
As a result, Primetric has quickly become one of the most advanced yet intuitive workforce occupancy management and financial performance forecasting solutions chosen by leading professional services firms in the region.
Combining the software provided by BigTime to support key operational aspects (including invoicing, time tracking and project management) with the employee occupancy management and financial planning module developed by Primetric will offer value to service companies at every stage of development. Among other things, the tool will enable managers to manage employee time and skills, minimize project and financial risks by creating better financial predictions based on the assignment of employees to projects, maximize profits and get a bird’s eye view of all operations.
BigTime, with its strong market position and financial backing, bolstered by investments from top VC funds, will allow Primetric to reach a larger market and offer existing users new functionality to meet the needs of growing businesses.
At the same time, the acquisition will also increase BigTime’s market share and allow the company to attract new international customers.
“This acquisition is the result of a natural fit for both BigTime and Primetric, making our business stronger. Both products provide state-of-the-art solutions tailored to the unique needs of mid-sized professional services firms. By combining forces, we are expanding our range of capabilities and will offer customers a unified solution to streamline complex workflows and increase value throughout the project lifecycle.”
– said Brian Saunders, founder and CEO of BigTime Software.
After the merger, the two platforms will reach more than 100,000 users in more than 2,800 service companies worldwide. The acquisition will not disrupt the companies’ normal operations – contracts with both existing and new customers will remain unchanged in terms of pricing, scope and services provided to customers. At the same time, Primetic’s founders will become key operating partners of the combined company, retaining influence over the shape of the tool in the future.
More information can be found here.
About BigTime
BigTime Software is dedicated to developing tools that help growing professional services firms track, manage and invoice their time. Its award-winning industry solutions are designed to speak the language of consultants in all industries, from accounting, engineering and architecture to IT services. To learn why thousands of customers rely on BigTime’s cloud-based tools to manage their businesses and effectively plan for the future, visit BigTime.net and follow @BigTimeSoftware on Twitter and @BigTime Software, Inc. on LinkedIn.
About Primetric
Primetric is a tool for tracking and forecasting people availability, margin and project portfolio progress. As of 2019, we help managers make better business decisions, increasing project profitability and improving project outcomes. Our tool is used by managers of professional services firms from more than 15 countries, including the fastest growing companies in Europe according to the Financial Times, Deloitte and Forbes.
