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SD Worx acquires cloud payroll startup TribePerk to expand into Polish SME market

(Błażej Bereta, Kamil Starczak, Marcin Postek, Łukasz Dzwoniarski)

SD Worx, the leading European HR and payroll solutions provider, has acquired the Polish HR tech startup TribePerk. This fast-growing HR tech start-up offers an integrated suite of HR cloud solutions including payroll, core HR and time & attendance to Polish SMEs. With this acquisition, SD Worx expands its go-to-market to Polish SMEs and strengthens its position on the Polish market, where it already serves mid-market businesses and where it is the local market leader in SAP & SuccessFactors solutions.

TribePerk was founded in 2020 and is based in Lublin, Poland. Today it supports companies with up to 200 employees via its SaaS platform and accompanying outsourced managed payroll services, either directly or via accountants.

Kobe Verdonck, CEO of SD Worx: “With TribePerk we acquire the first full cloud payroll and HR suite for the Polish domestic market. Poland is one of the largest economies in Europe, with 17 million active workers, and Polish companies will adopt cloud-based HR solutions over the next years. We will help grow the TribePerk solution so companies with up to 1000 employees can benefit from it as well. As a result, we can help any company doing business in Poland with their payroll and HR: smaller and medium-sized companies with our own TribePerk payroll software, large enterprises via our SAP & SuccessFactors offering. All this fits perfectly well with our ambition to be the leading European HR solutions provider.

Błażej Bereta, CEO of TribePerk: “With SD Worx we found a strong partner to rapidly grow our business and customer base. By offering the first real-time cloud-based payroll in Poland, we simplify processes and save time for all the parties involved in the payroll process – employees, employers and payroll specialists. All HR and payroll data are available in one easy-to-use platform and thanks to a smooth data flow between the several modules there is no manual data collection needed. Last but not least, we can market all this at very competitive pricing, thanks to the automation.

SD Worx warmly welcomes the TribePerk employees and its new customers and ensures continuity to all customers. TribePerk will be integrated into the SD Worx organization, where the TribePerk product brand will remain associated with the cloud product. Also the management will remain on board. CEO Błażej Bereta will report into the country leader of SD Worx Poland.

The price of the deal will not be disclosed.

For this transaction, SD Worx was supported by Ernst & Young Global Limited (EY).