- General Atlantic will acquire around 20 percent shares of ATOSS from AOB Invest
- Andreas Obereder will remain the largest single shareholder in ATOSS
- General Atlantic is a global growth equity firm with over $75bn in assets
General Atlantic will invest in ATOSS Software, a provider of technology and consulting services for professional workforce management and demand-optimised personnel deployment.
ATOSS is headquartered in Munich, Germany.
General Atlantic will acquire around 20 percent shares of ATOSS from AOB Invest.
General Atlantic’s stake can be increased by almost five percent via options, according to a release.
Andreas Obereder, founder and CEO of ATOSS, will remain the largest single shareholder in the company.
“With the ongoing digitisation of the world of work, ATOSS is addressing a significant market opportunity by providing transformative solutions that both improve efficiency for companies and deepen employee engagement,” said Jörn Nikolay, MD, and head of Munich at General Atlantic.
Nikolay will likely be a part of the ATOSS supervisory board, which will be expanded from three to four people.
General Atlantic will support ATOSS to continue its current business strategy, including internationalisation and expansion of its cloud business, the release added.
General Atlantic is a global growth equity firm with over $75 billion in assets under management inclusive of all products as of 31 March. The firm is based in New York.