Timegrip (previously TimePlan) Strengths, Domain Expertise, and Key Differentiators
Timegrip is a workforce management software designed to help businesses schedule employees, track work hours, and improve communication. It offers features like shift planning, time tracking, and real-time updates, aiming to streamline operations and enhance efficiency. The platform is used by companies in various industries to optimize workforce planning and reduce administrative tasks.
Timegrip (previously TimePlan) Recent Developments
In June 2023, TimePlan launched TimePlan Analytics, aimed at simplifying follow-ups for managers and administrators, reducing the time required for substantiation and decision-making. Essentially, it functions as a self-help tool.
Timegrip (previously TimePlan) Mergers and Acquisitions (M&A) Activities
In November 2022, Main Capital Partners secured a majority stake in TimePlan Software. In collaboration with the existing management, Main Capital Partners will provide support for TimePlan's ongoing international expansion and a discerning buy-and-build strategy. Moving forward, Main Capital Partners is committed to actively assisting TimePlan in sustaining its robust growth momentum by extending its reach into adjacent customer segments and diversifying its offerings. Beyond organic growth endeavors, strategic add-on acquisitions will play a pivotal role in the growth strategy, enhancing the innovative product portfolio and fortifying the company's market position.
Timegrip (previously TimePlan) Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Timegrip (previously TimePlan) applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Timegrip (previously TimePlan) and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified TimePlan, TimeMap, and Timegrip customers.
Timegrip (previously TimePlan) Overview
Vandmanden 10C
Aalborg SV, x, DK-9210, Denmark
45 9840 2020
https://www.timeplan-software.com/
Ownership: - Main Capital Partners
Number of Employees: 70
Functional Markets: HCM,
Key Verticals: Aerospace and Defense, Banking and Financial Services, CPG, Distribution, Healthcare, Leisure and Hospitality, Manufacturing, Professional Services, Retail, Transportation,
Timegrip (previously TimePlan) Key Enterprise and Cloud Applications
TimePlan, TimeMap, and Timegrip
Timegrip (previously TimePlan) Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Timegrip (previously TimePlan) Revenue Breakdown By Type, $M:
Timegrip (previously TimePlan) Enterprise Applications Revenues By Functional Markets, $M:
Timegrip (previously TimePlan) Enterprise Applications Revenues By Verticals, $M:
Timegrip (previously TimePlan) Revenues By Region, $M
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 Enterprise Applications Revenues, $M | 2024 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Timegrip (previously TimePlan) Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Timegrip (previously TimePlan) Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Timegrip (previously TimePlan) Customers
No. of Timegrip (previously TimePlan) Customers: 1000
No. of Timegrip (previously TimePlan) Enterprise Applications Customers: 1000
No. of Timegrip (previously TimePlan) Cloud Customers: x
No. of Timegrip (previously TimePlan) Cloud Subscribers: x
Timegrip is used by businesses across various industries, including retail, hospitality, and service sectors. Its customers range from small businesses to large enterprises that need efficient workforce management solutions. Some well-known companies using Timegrip include major retail chains, restaurants, and logistics companies in Scandinavia and other regions.
Timegrip (previously TimePlan) Market Opportunities, M&A and Geo Expansions
In March 2023,TimePlan, a Danish workforce management provider backed by Main Capital Partners, is expanding its European presence. The company has grown steadily and is leveraging technology to enhance efficiency and customer satisfaction. The acquisition of Timegrip marks the first step in its buy-and-build strategy since partnering with Main Capital in November 2022.
Founded in 2006 in Oslo, Timegrip offers workforce management solutions to over 150 clients in 10+ European countries, including Circle K Europe, XXL, and VisionExpress. Its software helps department managers optimize staffing and improve workplace efficiency.
The merger strengthens TimePlan’s position in the Nordics, combining resources to expand geographically and enhance its product offerings. With offices in Denmark, Norway, and Finland, the group now serves over 400 customers and aims to become a leading regional provider. Timegrip’s Co-Founder & CEO, Sigmund Lange, sees the partnership as a strong opportunity for growth, while TimePlan CEO, Rex A. Clausager, highlights the synergy between the two companies. Main Capital’s Wessel Ploegmakers emphasizes the acquisition’s role in boosting international expansion while maintaining a local market focus.
This acquisition marks an initial stride in TimePlan's buy-and-build strategy, initiated with the partnership formed with Main Capital in November 2022. The integration of Timegrip into the TimePlan Group positions the company for geographical and technical expansion, enhancing its long-term value proposition in the Workforce Management (WFM) market.
Timegrip (previously TimePlan) Risks and Challenges
The company may encounter challenges in its future growth and progress as it endeavors to broaden its product portfolio across various Human Capital Management (HCM) segments and within the EMEA region.
Timegrip (previously TimePlan) Ecosystem, Partners, Resellers and SI
TimePlan ecosystem thrives on seamless integrations with platforms like ProLon, Visma DataLon, Evovia, Aditro, Workday, SAP, and others.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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