ATOSS Software: Turning time into money through smarter working

November 2024

Disclosure: I own shares in ATOSS Software. At the time of writing, my portfolio consists of Applied Materials, ATOSS Software, Cadence Design Systems, Constellation Software, Fair Isaac, Fortinet, KLA Corp, Mastercard, Microsoft, MSCI, NVIDIA and Visa.

Summary

ATOSS Software SE (ETR:AOF) is a German company in the tracking time business. Their big idea was to create a platform tracking time and workforce attendance for companies of all industries and sizes. Their clients are companies that have a workforce to deploy and require a solution for managing their workers and optimising how they are deployed to meet demand.

The company was founded in 1987 by Andreas F.J. Obereder. He is still the CEO today. The company started as a team of five and has since grown to a company of 800 employees. ATOSS has evolved from their early days of creating time and attendance software on IBMs, to their current position in creating one of the most technically advanced workforce management solutions in the market.

ATOSS was publicly listed in 2000. In July 2021 they were admitted to the SDAX, which is a small and mid-cap index in Germany. In May 2023 they were listed in the TecDAX, making it one of the 30 largest German tech companies. ATOSS has a track record of its share price outperforming other TecDAX companies - like SAP and Nemetschek.