Denario
Denario is a Spanish modular HR and payroll software company founded in 1997 in Sabadell serving 10,000+ clients across healthcare and tourism; acquired by French payroll firm Silae in September 2025.
- Company typePrivate
- Founded1997
- HeadquartersSabadell, Spain
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Denario does
Denario (legal entity DENARIO SOFTWARE, SL) is a Spanish HR and payroll software provider founded in 1997 and headquartered in Sabadell, Spain. The company serves more than 10,000 clients and processes over 1,000,000 payrolls annually, with particular penetration in Spanish healthcare, services, and tourism verticals. The company is a private SME with 11-50 employees (around 30 historically) and has operated as a subsidiary of Spanish technology group aggity since 2019 before being acquired by French payroll and HR software firm Silae in September 2025.
Denario's core product is a modular HR platform covering personnel administration and payroll, an employee portal, time tracking, workforce scheduling, performance evaluation, MBO management, training, and recruitment. The platform is delivered via web and cloud (Denario Cloud, launched February 2022), with native iOS and Android mobile applications for employee self-service. It integrates with Power BI for analytics, ClickSense, Payflow, and Hublo for recruitment and adjacent workflows, and now with Silae post-acquisition. AI is exposed across four capability tracks: process automation, predictive analytics, generative AI for HR documentation, and the BesTalent IA talent module inherited from aggity, though these rely on third-party foundation models rather than proprietary research.
Denario operates a multi-model revenue structure spanning SaaS subscriptions, perpetual licenses, rental arrangements, cloud hosting, and outsourcing services, supplemented by implementation and professional services. Pricing is not publicly disclosed. Go-to-market is direct to Spanish SMB and mid-market employers with a strong existing footprint in healthcare providers and tourism operators; the 2025 Silae acquisition positions the platform for expansion into the broader French and Iberian payroll market.
Denario firmographics
Firmographics- Name
- Denario
- Legal name
- DENARIO SOFTWARE, SL
- Website
- https://denario.es
- Company type
- Private
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Denario is a Spanish modular HR and payroll software company founded in 1997 in Sabadell serving 10,000+ clients across healthcare and tourism; acquired by French payroll firm Silae in September 2025.
- Ownership category
- akta.pro rank
Denario industry classification
Industry- Product category
- Human Capital Management (HCM) Software
- NAICS
- Human Resources Consulting Services (541612), Professional Employer Organizations (561330)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Human Capital Management (HCM) & Payroll Platforms (HDAEAEAJ)
Keywords
Where Denario is headquartered
LocationHeadquarters
- HQ city
- Sabadell
- HQ country
- Spain
- HQ region
- Europe
Offices2 records
Markets served
Denario business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Software Licenses and Subscriptions: Denario offers its modular HR software through various licensing models including perpetual license, rental, SaaS (Software as a Service), and cloud deployment options. Clients can choose modules based on their needs and pay accordingly. The company serves both private and public sector organizations.
- Professional Services and Implementation: Implementation and configuration services provided by Denario's consulting team to deploy the platform according to each client's specific requirements.
- Outsourcing Services: The company offers outsourcing options as part of its service portfolio, providing managed HR services to clients.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Flexible modular pricing based on selected modules and deployment model |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels8 records
Denario product offering
Product offeringCore offering
Denario provides a modular, integrated HR management platform that handles personnel administration, payroll processing, time tracking, shift scheduling, performance evaluation, objective management, training administration, and candidate selection. The platform is delivered via web, native iOS/Android apps, and can be deployed as on-premise licensing, SaaS subscription, or fully managed outsourcing.
Product overview
Denario is a modular HR management platform offering integrated solutions for personnel administration, payroll, time tracking, scheduling, performance evaluation, objective management, training, and recruitment. The platform operates on a modular architecture allowing organizations to implement modules progressively based on their needs, with all modules sharing a unified data repository to avoid replication issues. Key modules include core HR functions (Administration of Personnel with payroll processing exceeding 500,000 payrolls), the Employee Portal accessible via web and native mobile apps, Time Tracking with geolocation, the Scheduler for advanced shift planning particularly in healthcare, Performance Evaluation with dual qualitative/quantitative approaches, Management by Objectives linked to compensation, Training management with FUNDAE integration, Recruitment, and supplementary features including expense management and engagement tools. The platform also integrates specialized solutions such as Payflow for flexible salary access and Hublo for healthcare incident coverage management, all connected through a single data architecture supporting both cloud deployment and on-premise options.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- 30% reduction in administrative time dedicated to HR management
- +4 more outcomes
Companies that use Denario
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles3 records
Denario technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability6 records
Feature7 records
Denario partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- SilaecoreDenario was acquired by Silae, a French market leader in payroll and HR solutions, in September 2025. Silae has extensive experience in both enterprise and professional advisory sectors. This acquisition positions Denario as part of a larger international group focused on the Spanish market. New leadership includes Pablo Calvo (CEO) and Martín Otaño (CFO).
- SummarminorSummar was acquired alongside Denario by Silae, a French company. Summar is another Spanish HR/payroll software company that was part of the same acquisition transaction as Denario in September 2025.
- HublocoreIntegration between Denario and Hublo for healthcare shift planning. Denario provides the foundation for personnel management while Hublo facilitates rapid and efficient incident coverage management. The combined solution enables real-time information and coverage, with Hublo reportedly saving executives up to 1 hour 30 minutes daily. The partnership specifically targets the healthcare sector.
- Always People FirstminorCollaboration with Always People First, a specialized consultancy in strategic talent management, leadership, and corporate wellness, to promote People Analytics projects in organizations and the use of Artificial Intelligence in talent management. Xavi Escales, founder of Always People First, serves as People Analytics Advisor of aggity.
- PayflowcorePartnership with Payflow to offer salary flexibility to employees of aggity/Denario clients. Through this collaboration, employees can request immediate payment of earned salary fractions through a mobile app, with no cost to employees. The partnership provided access to 700,000 workers in Spain. The agreement incorporates Payflow into Best Talent by aggity.
Scale indicators6 records
Recent moves7 records
Expansion highlights5 records
Denario competitors and assessment
Company assessmentDirect peers
- Silae (parent company): Silae, the French market leader in payroll and HR solutions, acquired Denario in September 2025. Operates a similar payroll/HCM SaaS model with complementary geographic footprint, making it both a parent and a structural peer in HR/payroll software.
- A3 Software (Wolters Kluwer): A3 Software, part of Wolters Kluwer, is one of the leading Spanish payroll and HR software providers serving both private companies and asesorias (payroll service bureaus). Directly comparable to Denario in targeting Spanish SMEs and mid-market with payroll-centric offerings.
- Personio: Personio is a leading European HR SaaS platform headquartered in Germany with strong presence in Spain. Competes with Denario for Spanish mid-market customers seeking cloud-native HR modules (payroll, time tracking, recruiting).
Broad incumbents
- SD Worx: SD Worx is a leading European payroll and HR services provider headquartered in Belgium. Comparable to Denario in offering both payroll software and BPO/outsourcing services across Europe.
- Workday: Workday is a global cloud HCM/financials platform that is expanding its presence in Spain for large enterprise HR. Competes with Denario at the high end of the Spanish market for cloud HCM.
- Meta4 (now Cegid): Meta4, part of Cegid, is an established European HCM/payroll platform with deep presence in Spain, Portugal, and LATAM. Competes with Denario in serving Spanish-speaking markets with multi-country HR suites.
- Sage HR (Sage Spain / Sage Despachos): Sage provides payroll and HR solutions in Spain through Sage Despachos and Sage 2000, serving mid-sized companies and accounting firms. A broad incumbent that competes with Denario in Spanish payroll and HR for SMEs.
- ADP Spain: ADP, the global payroll/HR services leader, operates in Spain through ADP Iberica serving enterprise and mid-market clients. Overlaps with Denario in HR/payroll BPO and outsourcing offerings.
Emerging players
- Kenjo: Kenjo is a Spain-based HR SaaS targeting SMEs with time tracking, time-off, performance and document management. Partial overlap with Denario for the small/mid-market Spanish segment.
- Factorial: Factorial is a Barcelona-based HR SaaS company offering payroll, time tracking and talent management for SMEs. Overlaps with Denario in Spain but focuses on smaller customer sizes and a more modern, modular UI.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Denario social profiles
Digital presenceDenario compliance and trust
Trust signalCompliance2 records
Denario financial estimates
Financial estimateRevenue estimate
Valuation estimate
Denario leadership team
Management profileNumber of profiles
Profiles2 records
Denario funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Denario M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Denario
What does Denario do?
Denario provides a modular, integrated HR management platform that handles personnel administration, payroll processing, time tracking, shift scheduling, performance evaluation, objective management, training administration, and candidate selection. The platform is delivered via web, native iOS/Android apps, and can be deployed as on-premise licensing, SaaS subscription, or fully managed outsourcing.
Is Denario a public or private company?
Denario is a private company. It is classified as corporate owned and is currently operating.
When was Denario founded?
Denario was founded in 1997. It employs 11 to 50 people.
Where is Denario based?
Denario is headquartered in Sabadell, Spain, in the Europe region.
How does Denario make money?
Three revenue lines are on record. Software Licenses and Subscriptions are the primary driver. The others are professional Services and Implementation and outsourcing Services.
Who are Denario's main competitors?
Direct peers on record are Silae (parent company), A3 Software (Wolters Kluwer) and Personio. Broad incumbents are SD Worx, Workday, Meta4 (now Cegid), Sage HR (Sage Spain / Sage Despachos) and ADP Spain. Emerging players are Kenjo and Factorial.
Does Denario have an API?
No public API is recorded for Denario.
What industry is Denario in?
Denario's product category is Human Capital Management (HCM) Software. Its primary akta.pro industry code is HDAEAEAJ, Human Capital Management (HCM) & Payroll Platforms. Its NAICS code is 541612 and its SIC code is 7372.