The Galician startup Marosa has distributed four million euros among all its workers after its sale to Wolters Kluwer for 112 million. The founder, Pedro Pestana, communicated the decision one by one to the employees in order of seniority.
The Galician startup Marosa has distributed four million euros among its staff following the sale of the company to the Dutch Wolters Kluwer for 112 million euros, a deal that was closed last August, according to businessinsider.es. The distribution benefits all workers, from the most senior to the latest recruits, and a minimum amount was set regardless of the time spent at the company.
The founder and CEO of Marosa, Pedro Pestana, wanted to communicate the decision personally to each employee, from the longest-serving to the newest. The company retains its staff and keeps its headquarters in Vigo, according to a recent statement from the firm.
"The first employees believed in Marosa when there was still almost everything to be done. We learned together and accomplished a lot of work with few resources. Seeing that they are still here, after so many years, has a special value for me"
Marosa was founded in 2016-2017 and is dedicated to marketing software that allows firms with operations in different countries to manage the VAT corresponding to each tax area. At the time of the operation, it had around 1,000 clients, processed about 70,000 tax returns per year, and had a turnover of around ten million, according to data from the now Dutch parent company.
Pestana holds a master's degree in International Business Law, Trade, and Taxation from King's College London, and has experience at E&Y and Deloitte. The startup initially had a base in London and later settled in Galicia, where the beginnings were tough and self-funding was necessary. In November 2024, it received its only official round, 12 million euros, led by the American Aquiline Capital Partners.
The founder has invited other entrepreneurs to do something similar when they reach the exit milestone, although he admits that each project is unique. The transfer of a company to another, especially when the buyer is foreign, poses the risk of relocation, and future decisions will no longer depend on a home-grown ecosystem.
Marosa maintains its headquarters in Vigo and its full staff after the operation, according to information provided by the company.
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