HR: Personaldienstleister Personio übernimmt Spesen-Spezialisten Circula

Frankfurt - Software startup Personio has acquired Berlin-based expense specialist Circula, according to Reuters. Renner, Personio's CEO, revealed this during a Tuesday interview. Personio's acquisition of Circula is the largest in the company's history. Circula is a mature business with revenue in the double-digit millions.

Renner expressed confidence in the positive impact of the acquisition on the company's growth. He emphasized that Personio has been profitable since the beginning of the year. Circula consistently generates cash inflows, and he is confident this trend will continue. The growth rate observed last year, in the double-digit percentage range, is expected to accelerate.

According to the sources, over 3,000 mostly mid-sized companies utilize Circula's platform to manage expenses, reimbursements, or corporate credit card billing. The global market for this service is estimated at nearly $20 billion, with projections indicating it will grow to almost $32 billion by 2030. Personio is one of the most highly valued startups in Germany and serves more than 16,000 small and medium-sized enterprises as users of its HR management software.