Maguar CF I, a private equity fund, completed the acquisition of HRworks, an integrated SaaS HCM software provider primarily for small- and medium-sized businesses, from Maguar, a private equity firm. Financial terms were not disclosed. “We feel very happy with the exceptional success we have achieved to date in building HRworks towards the leading HCM software provider for SMEs in the DACH region. No doubt, the most important elements of that success are our outstanding team as well as our great corporate culture at HRworks which we are truly proud of. The strong commitment of Maguar and its investors provides the ideal platform to continue our exciting journey,” Markus Schunk, HRworks CEO.