TimeLog A/S

TimeLog A/S is a Denmark-based company that provides an integrated professional services automation platform, specializing in time tracking, project management, invoicing, and financial reporting for businesses. TimeLog A/S, founded in 2001, is headquartered in Copenhagen, Denmark. The company operates in the professional services automation space, delivering software designed to streamline project management and financial reporting. In November 2020, Viking Venture acquired a majority stake in TimeLog A/S for NOK 120 million.

The company has engaged in a single significant deal, indicating a focused approach to growth. The CEO of TimeLog is Per Nielsen, while Søren Lund is noted as the founder. TimeLog PSA offers an integrated platform that combines time tracking, project management, resource planning, invoicing, and financial reporting, designed primarily for professional services organizations. The core product enables users to build a robust data foundation that facilitates accurate invoicing and deep business insights, addressing challenges in managing project timelines, staffing, and financial oversight.

TimeLog's offerings are tailored for a diverse client base, including large enterprises, project teams, management teams, and non-profit organizations, providing tools that streamline operations across various sectors. Geographically, TimeLog's products are marketed and utilized in multiple regions, including Europe and North America, catering to businesses seeking efficiency and transparency in their operational processes. In the most recent fiscal year of 2019, TimeLog reported a revenue of NOK 4,816,882. 30 with an EBITDA of NOK -381,327.

80 for the year 2023. The company's revenue generation primarily relies on subscription-based models, where clients pay for access to its suite of services. TimeLog engages clients on a B2B basis, entering into partnerships that allow organizations to leverage its software for enhanced project management and financial accountability. TimeLog A/S plans to utilize the funding from the recent acquisition by Viking Venture to further develop its product offerings and expand into new markets.

The company is expected to enhance its platform with new features aimed at improving user experience and operational efficiency. Additionally, TimeLog is targeting expansion into select regions within Europe and North America, aiming to establish a stronger market presence by 2022. The strategic allocation of funds will support these initiatives, providing the necessary resources for product development and market outreach.