Metro Group is among the shareholders set to exit the employee management platform developer in an acquisition by accounting technology producer Xero.
New Zealand-headquartered accounting software provider Xero has agreed to acquire Planday, a Denmark-based employee collaborative tool developer backed by food retailer Metro Group, for an undisclosed amount.
Founded in 2004, Planday has created technology that helps employees in different work shifts to communicate and collaborate with each other, while human resources and line managers can use the platform to conduct granular reporting and manage payroll.
Xero provides an accounting software product for small and medium-sized enterprises. Planday…
