News – AGroup

News

AGroup has bought out the share previously sold to BaltCap venture fund

11th of November 2021

We’re pleased to announce the successful completion of a management buyout transaction between AGroup and BaltCap.

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Business Resilience: what to do when there is nothing normal?

1st of November 2021

We are experiencing such a level of disruption when there is nothing normal — extreme uncertainty and business risks are not seen in generations. Some companies freeze and fail, while others innovate, advance, and even thrive.

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Fashion retailer Stockmann has opted HRB Portal for Cloud to support its HR solutions

24th of August 2021

Envisaging substantial savings of maintenance costs and solution uptime Stockmann has timely opted its HRB Portal for Cloud to handle economic fluctuations.

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AGroup HRB MOBILE APP will tackle management & engagement gaps in field, distributed & remote workforse operation

17th of August 2021

Nowadays, in the age of X, Y, Z generations dominating the workforce when a significant chunk of work is done “on the go”, no one can imagine a People Management tool w/o a mobile component.

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GLIMSTEDT as a reliable AGroup legal partner creates safe & agile work environment exclusively tailored to our clients’ unique business needs embracing collaboration & candour

6th of August 2021

A well-recognized & leading law firm Glimstedt provides AGroup and respectively all HRB Portal users with all the necessary suite of legal and regulatory support in Latvia, Lithuania, and Estonia

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AGroup has digitally transformed HR processes of the State Social Insurance Agency (SSIA)

29th of July 2021

The State Social Insurance Agency (SSIA) has joined HRB Portal community of the leading companies, highly cherishing the value of people

Read More…

HRB Portal podcast

HRB Portal podcast is designed to accelerate the expansion of HR & business processes' digitalization. It's targeted on aspiring HR directors & managers by offering the content that informs, educates & entertains. HRB Portal podcast is geared towards professional development, whether you're new to human resource or have been at it for decades. You can expect podcasts several times a month featuring leading specialists of AGroup, HRB Portal community companies, HR executives, our legal partner Glimstedt representatives and other experts relevant to HR.

HRB Portal podcast

HRB Portal podcast

HRB Portal podcast is designed to accelerate the expansion of HR & business processes’ digitalization. It’s targeted on aspiring HR directors & managers by offering the content that informs, educates & entertains. HRB Portal podcast is geared towards professional development, whether you’re new to human resource or have been at it for decades. You can expect episodes each month featuring leading specialists of AGroup, HRB Portal community companies, HR executives, our legal partner Glimstedt representatives and other experts relevant to HR.

In the episode #4 we’re excited to announce the successful completion of a management buyout transaction between AGroup and BaltCap.

Back in 2011 we built a partnership with BaltCap, which resulted in a venture fund becoming a major shareholder of our company. All these years have been marked by the sign of productive cooperation, with BaltCap investing in AGroup’s breakthrough evolution. Particularly, it’s important to mention the contribution of Martins Jaunarajs, the fund’s partner, who we are deeply thankful to for his patience and confidence throughout all these years.

Apart from BaltCap, AGroup’s shareholders also have taken part in managing our company, thus a decision has been made to buy out a share previously sold to our partners in the fund. It has been a general and thoroughly agreed solution which, we believe, will result in our further success and extensive evolution.

AGroup confirms its commitment to our present development strategy: focusing on the Baltic States and Poland, on the major international companies with distributed workforce mainly from Retail & Manufacturing sectors.

The company will do its best to keep on developing our main product (HRB Portal) and constantly improving the quality of services we offer. BaltCap shares our views, believing that this bargain will increase AGroup team’s motivation and have a positive effect on our business and customers. The fund in its turn is going to focus on different projects which are no less strategically important for BaltCap.

“We’re grateful for the invaluable support provided by BaltCap in the timeline of our cooperation. Buying back the fund’s share for AGroup has been a hard decision, and, apparently, it hasn’t been a spontaneous one. We have to move on and expand new horizons, and the more we work, the more opportunities we see in a nearby future and the more goals to fulfill”, says Alexander Snurnitsyn, AGroup CEO.

“It was a real pleasure to work with Alexander and AGroup. Over the years, the team has built a great IT solution for the management of HR-related tasks of enterprises with distributed workforce. The recent onboarding of several large companies in their respective industries in the Baltic Sea Region has been a testimony of a solid work performed by AGroup. I wish Alexander and his team success in developing the business further”, – adds Martins Jaunarajs, BaltCap partner.

AGroup was founded in 2008 with an intention to become a leader in a software companies’ cluster in the Baltic States and Eastern Europe. So far, we have made 550 organizations’ lives easier with our products, in 22 countries till now – and are still expanding a customer base.

BaltCap was founded in 1995 and ever since has been operating in the Baltic States region serving as a large and experienced private equity investor. Over the past 25 years BaltCap has invested in about 100 companies in a wide range of industry sectors, giving preference to those which are considered the most innovative ones. BaltCap’s main goal is to develop companies into internationally recognized business champions.

Host: AGroup Marketing & PR Manager, Julia Kuznecova

To follow AGroup: Facebook @agroup.lv LinkedIn www.agroup.lv

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Send in a voice message: https://anchor.fm/hrb-portal-podcast/message

#4 AGroup has bought out the share previously sold to BaltCap venture fund

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