July 22, 2017 7:56 PM ET

Internet Software and Services

Company Overview of Raet B.V.

Company Overview

Raet B.V. develops cloud based human resource (HR) software solutions. The company offers Youforce, an integrated HR cloud software that provides managers and employees with insight into and control over their HR affairs. Its Youforce software provides Talent Management solution to find, retain, and develop right talents for the organization; HR Analytics solution to get the insights needed for strategic HR decisions; Workforce Management solution to plan and budget HR in an efficient way; HR Management solution to allow employees to take control over their own HR affairs; HR Cloud Enablement solution to bring various HR processes together online; and Payroll solution for payroll administrat...

Plotterweg 38

Amersfoort,  3821 BB

Netherlands

Founded in 1965

Phone:

31 33 450 6506

Fax:

31 33 450 6507

Key Executives for Raet B.V.

Chief Executive Officer
Chief Financial Officer
Age: 50
Chief Cloud Solutions Officer
Chief Strategy Officer
Compensation as of Fiscal Year 2017.

Raet B.V. Key Developments

CVC Capital Reportedly Plans To Sell Raet

CVC Capital Partners Limited has retained Rothschild for the sale of Raet B.V., sources familiar with the matter said. The potential deal could value the business at between €376 million to €564 million ($619.10 million), or eight to twelve times its 2014 earnings, the sources said.

Raet B.V. Announces Software Package and Information Systems Contract

Raet B.V. announced a contract for the replacement of current systems, and services for implementation of the payroll of the participating organizations, ca. 2,600 rewards (municipality Zwolle around 1,200, commune and province of Overijssel Kampen 500 900) and third connection numbers. This must be accommodated in such a way that the continuity of the personnel information and the payroll is guaranteed in a uniform manner. Contractor performs the preparation, execution and settlement of the wage production. Under preparation is the implementation of the system of (tax) legislation and regulations, pension rules and collective bargaining mutations (CLA Government, Provinces cao cao cao municipalities and water boards must be supported by default). Under implementation is the calculation of salaries and contributions and the preparation of payslips, annual statements and reports, including (cumulative) pay statements. Under settlement is the payment services, the availability of digital payslips, annual statements and reports to the client for processing in the digital file, the digital delivery of the payroll results to the client and the data delivery to the tax authorities, ABP and IZA.

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