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Schoenherr Advises P&I on Acquisition of VRZ

Schoenherr Advises P&I on Acquisition of VRZ

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Schoenherr has advised P&I Personal & Informatik on its acquisition of Austria-based VRZ Informatik Gesellschaft and its Switzerland-based sister company ThinkCreateAct.

The transaction remains contingent on regulatory approval. Financial details were not disclosed. 

P&I is an international HR cloud company, offering products and services since 1968. According to Schoenherr, "through consistent innovations and further developments in the product and service area, P&I offers the most technologically advanced HR software with the HR cloud solution P&I LOGA3 and the knowledge pool P&I HR-BIGDATA with the most comprehensive HR tasks."

Dornbirn-based VRZ Informatik is an IT system house with three business divisions: basic infrastructure, software development, and payroll accounting. The company has been developing its own software for more than two decades.

The Schoenherr team was led by Partners Christian Herbst and Maximilian Lang and included Partners Volker Weiss and Michael Woller, Counsel Teresa Waidmann, Attorneys at Law Alfred Amann and Marco Thorbauer, and Associates Nina Zafoschnig and Daniel Neuwirth-Riedl.