Founded in 1968, P&I is a leading provider of integrated software solutions for human resources management to the German and European Mittelstand. The business delivers payroll, Core HR. human capital management, time and attendance as well as analytics to 15,000 customers across DACH and 11 further European countries via an integrated and highly automated private cloud based platform.

Hg took P&I private via a public takeover offer in 2013, and re-invested into the business in 2016 alongside Permira.