Press Release
February 27, 2024

Pento acquired by HiBob

A cross-border Goodwin Technology team advised Pento on its recent sale to HiBob.

Pento provides automated payroll services to ensure its customers’ payroll operations are smooth and error-free. This service minimises time spent organising payroll processes and can handle various pay schedules including weekly, part-time and zero-hour contracts. Pento’s service also automates HMRC payments and allows employees to receive real-time payment breakdowns. Pento was founded in Copenhagen in 2017 and its investors included Tiger Global, Seedcamp, Point Nine, The Phoenix Group/Local Globe, General Catalyst and Avid Ventures.

Hi Bob is an Israeli-software company that offers agile technology services which encompass the many complexities of HR processing. Hi Bob seeks to revolutionise how modern businesses approach tasks such as employee onboarding, payroll and performance management via its user-friendly software platform.

The Goodwin team provided advice on UK and US matters and was led by Bill Schnoor, Adam Thatcher, Richard Bloomfield and Busayo Yusuff.

For additional details on the transaction, please see the press release.