In 2001 the two entrepreneurs, Søren Lund and Jakob Mikkelsen, established TimeLog in collaboration with the advertising agency & IT company Cadpeople.
The point of departure was the product Insight, which was developed in 1997 for the Danish Technological Institute to keep track of time spent on projects. Insight was renamed TimeLog Project, and the process of establishing a technical- and commercial platform began.
“Our goal was to develop the best product in the world for time tracking and project management, and we wanted it to be a web application. We had gained experience from the Danish Technological Institute and Cadpeople, which is why we went ahead with it,” Søren Lund says and continues:
“Our goal has not changed – although the financial management of consultancy and project finance takes up an increasingly larger part. We view our product, TimeLog Project, as the production system of consultancies and IT-departments.”
Both founders are still in charge of the daily management of TimeLog, which as of spring 2008 counts 21 employees.
The team behind TimeLog has several years of experience in establishing and running international technology companies focusing on B2B.