Once again, our portfolio company, Infoniqa HR Group, continued to grow impressively in 2016. Sales rose by 28 percent to 18 million euros. The number of customers increased by 12% over the same period to more than 2,800 and the number of employees increased by 18% to over 130 employees.
In recent years, Infoniqa has developed to one of the most successful full-service providers for HR management and payroll in the DACH-region and is one of the TOP providers in many sectors. CornerstoneCapital is supporting Infoniqa Group through significant investments in product portfolio expansion and add-on acquisitions. In the spring of 2016, for example, the time management solutions Infoniqa TIME and ZEIT + were acquired.