From a corporate finance point of view, we analyse the investment made in time management. In this case, we will analyse the alliance between Grupo SPEC, a Spanish company, and GSA Consulting, an American consultancy based in Los Angeles.
SPEC Group
Grupo SPEC is a Spanish company that provides software and hardware solutions for time and attendance, access control and work time planning. In addition, they provide security solutions thanks to their work in product innovation and design capacity, and by providing a quality service to all their customers. They are committed to their customers and their human resources management and security needs, as well as the constant innovation of new products (R&D) and the use of the latest information system technologies.
It currently has its own offices in Spain, Portugal and Argentina, as well as a global network of distributors with more than 30 accredited partners.
GSA Consulting and the alliance
The alliance took place on 6 June 2018, the amount of the transaction is unknown. Grupo SPEC merged with GSA Consulting, business consulting, a Mexican company dedicated to providing solutions to people and organisations that are always looking for continuous improvement by adding value through their services. Its main areas of expertise are human resources, digital identification and electronic and property security.
With this alliance, the SPEC Group has achieved its strategy of strengthening its internationalisation through its network of partners in different countries. Also, thanks to the recent operation, the Spanish technology firm has managed to enter Mexico, reinforcing the idea of expansion and increasing its presence in Latin America. In addition, they have announced that they plan to strengthen their activity in Peru and Ecuador, in order to enter the Bolivian and Central American markets at a later date.
Other sector investments
| Company | Description | Country | Amount | Date |
| Rescuetime | RescueTime is a web-based time management tool that tracks the activities and duration of users' computer usage. | USA. USA. | $900.000 | 01/09/2018 |
| Daptiv | Daptiv offers project and portfolio management software that provides demand management, resource planning and time management services. | USA. USA. | $9M | 15/06/2009 |
| ZeroDesktop | ZeroDesktop is a leading developer of Parental Control, Time Management and Cloud Service Brokerage solutions for consumers, telcos and ISVs. | USA. USA. | $1M | 08/03/2013 |
| ZenDay | ZenDay, a Mobisystems company, is a personal time management application for mobile devices that provides a unique perspective on organisational time. | France | $260.000 | 15/03/2013 |