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17. January 2023
Personio converts to a Societas Europaea (SE) as it prepares for continued growth across Europe
Munich, January 16, 2023: Personio announced today that the company successfully converted into a Societas Europaea (SE) as of 13.01.2023. This move reflects Personio's strong development to date and provides the conditions for further Europe-wide growth and a medium-term IPO. Personio, the all-in-one HR software for SMEs, was founded in 2015. Today the company has over 1,700 employees and helps more than 8,000 companies across Europe unlock their potential by digitizing and automating HR processes.
Hanno Renner, co-founder and CEO of Personio underlines the importance of this step: "Personio’s customers are European small and mid-sized enterprises, which we support through our seven offices in five locations. Now we also have the legal form to further demonstrate that Personio is a truly European company." The conversion to an SE is a significant step in Personio's corporate history. It manifests its European foundation and prepares Personio for an IPO planned in the medium term.
It is part of Personio's DNA to collaborate with its employees to make the company a great place to work. As such, the Personio Employee Advisory Board (EAB) was established a few years ago and has since then successfully collaborated through ongoing exchanges. With the move to SE, Personio is now institutionalizing this connection as a formal part of the new European set-up as the European Employee Board (EEB).
It reflects a diverse representation of genders, locations and roles within Personio. Renner emphasizes the importance of employees to Personio: "We are only as good as each individual. We've been a strong team since day one, and we're happy to now take the step to the European level together."
The ultimate goal is clear: to support small and medium-sized companies, today and in the future, in managing their employees. Birgit Haderer, CFO at Personio, further justifies the conversion: "Even though an IPO is not a goal in the very near future, the conversion to an SE prepares us for the next logical step: Taking the company public in the medium-term."
Press enquiries: Personio SE & Co. KG Matthew Tubbs Senior Communications Manager Tel: + 44 (0)7788163261 E-Mail: firstname.lastname@example.org
UK & Ireland - Firstlight Group Sarah Bartlett Tel: + 44 (0)7999927472 E-Mail: email@example.com
About Personio: Personio is the People Operating System for small and medium-sized companies with 10 to 2,000 employees. Based in Munich, London, Madrid, Dublin, Berlin, Barcelona and Amsterdam, Personio’s mission is to make HR processes as efficient and effective as possible so HR can focus on what matters most: people. Personio does that by offering an all-in-one HR software that includes human resources management, recruiting, talent management and payroll. With People Workflow Automation, Personio helps more than 8,000 customers across Europe to remove delays and realise opportunities.