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Series A financing for further growth of jacando completed
The company based in Basel reports good news, as jacando continues its past growth, tripling its customer base in 2017 and gaining a number of prestigious new customers. In the current completed round of financing, both the existing business angel and two other experienced investors have injected fresh growth capital. The investment will enable jacando to drive sales development and entry into new markets in Europe, as well as further expanding its position as a leading provider of modular HR cloud software solutions for small and mid-sized companies.
The new investors are successful entrepreneurs and bring along a large network in finance and IT as well as in the design of digital processes in SMEs and international companies.
jacando in the future with full speed
Dennis Teichmann, Chairman of the Board of Directors and founder of jacando, confirms this: "We are pleased that we have found competent partners with our new investors, who themselves, as entrepreneurs and investors, have a lot of experience in the areas of IT, software and the successful development of business models in other companies and with innovative products. In the meantime, jacando has gained more than 300 customers who are enthusiastic about the customer orientation and the intuitive usability of our HR cloud software. At the same time, jacando is perceived as a pioneer in the market, which consistently orientates itself to the needs of HR - because the products are modular in structure and data security is always our top priority."
Dr. Jörg Eichkorn, Chairman of the Board of Directors of SJE Holding AG and New Board Member of jacando AG, adds: "We believe in the enormous potential and strong growth in the HR cloud software market - jacando has succeeded in creating a unique, innovative product of high quality which consistently maps all processes in HR and can be installed very quickly and easily. There is still a lot of potential to catch up with digitalization, especially for SMEs, as the conversion from manual handling and paper-based hanging folders to digital human resources management can provide important competitive advantages."
In addition to existing products, jacando has been able to implement many new functions that enable new working models and flexible processes. These include, for example, digital time recording, an integrated travel expense reports or the automatic creation of all personnel-relevant documents. Dennis Teichmann says: "With the financing we want to further strengthen the successful growth of jacando, among other things, we will open a new office location and invest massively in product and sales. By doing this, we want to continue to provide our customers an innovative, simple and flexible product with a first-class service that ensures a competent customer service."
Jacando is a Swiss cloud software provider that stands for innovative, cost-effective solutions in the fields of recruiting, human resources and talent management as well as time and project recording. With our products jacando Match, Admin, Talent and Time we provide our customers with efficient HR processes, which can be activated with just one click. Our software is easy to use, comprehensive in execution, can be customized to customer needs and is made by HR professionals for HR professionals.
Visit us: https://www.jacando.com/