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Havel & Partners Advises on Sale of Prime Timesheet to Tempo Ehf

Havel & Partners Advises on Sale of Prime Timesheet to Tempo Ehf

Czech Republic
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Havel & Partners has advised on the sale of a Czech special purpose vehicle that owns Prime Timesheet to Icelandic IT company Tempo Ehf.

According to Havel & Partners, Prime Timesheet, which was “developed primarily by an independent programmer, contains one of the most successful add-ons enabling time tracking in the well-known Jira application, which are sold online on the Atlassian Marketplace. All activities of Tempo Ehf, with Diversis Capital, a US investment fund, as its majority owner, focus on creating and licensing software for the Jira application. In acquiring the SPV that owns Prime Timesheet, Tempo Ehf. has picked up its biggest competitor and gained a new business partner, as the founder of the company is to further participate in developing Prime Timesheet after the completion of the transaction.”

Havel & Partners’ team included Partners Jan Diblik and Pavel Nemecek, Counsel Josef Zaloudek, and Associate Monika Vnekova.

Havel & Partners did not reply to our inquiry on the matter.

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