The Grade group acquires Refensa – strengthens offer within HR tech

Picture: Rickard Kajson

The Grade group continues to grow and acquires Refensa. Refensa is a cloud-based solution for digital reference taking for recruitment. Their solution streamlines the reference taking process and ensures quality and safety. The acquisition of Refensa strengthens Grade’s suite of best-of-breed solutions within HR Software.

– Refensa has a strong team and offers a product that will quickly generate great value for our current and future customers. The benefit of a time-saving and quality-assured process when it comes to digital reference taking, is obvious for the modern HR department. Refensa’s product is a perfect match that complements our product vision of an end-to-end solution for handling the entire employee journey, says Rickard Kajson, CEO of the Grade group.

– Since the start, Refensa has organically grown, thanks to the close customer relationships we have built over the years. Now we have reached a point where we are ready to accelerate, broaden our market and improve our product further. Becoming part of the Grade group definitely feels like the right decision, as we see both technical and market synergies between the products. Grade has embarked on an exciting journey and we firmly believe that Refensa’s participation will benefit both our existing and future customers, says Karl August Gratte, Martin Heden Lindgren & Joakim Larsson, founders of Refensa.

– The acquisition of Refensa fits perfect into Grade’s growth journey, and strengthens our position as the Nordic market leader within HR software, says Joar Welde, Partner at Viking Venture and Chairman of the board of the Grade group

About the Grade group

The expanding group, consisting of the companies Varbi, Grade, Workbuster and Refensa, will now gather under the common name Grade. The Grade group offers a unique end-to-end platform covering the entire employee journey. The group’s annual revenue amounts to SEK 120 million, of which 87% is recurring income. Viking Venture is the main investor of the Grade group.