8 Acquisitions of Companies in the Accounting Industry

January 15, 2023
Acquisitions Hub

Company acquisitions in the Accounting industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 8 acquisitions that took place in the Accounting industry.

House of Control acquired by Visma

Details about the transaction:

Acquisition amount:

$64,200,000

Announcement:

26 September 2022

Details about the company:

Software as a service (SaaS) solutions for contract administration and IFRS 16 compliance are created by the tech firm House of Control.

Headquarter:

Høvik, Akershus, Norway

Where to find them:

Industry:

Accounting, Asset Management, Contact Management, SaaS

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Oslo, Oslo, Norway

Where to find them:

J. K. Shah Classes acquired by Veranda Learning

Details about the transaction:

Acquisition amount:

$41,101,153

Announcement:

13 October 2022

Details about the company:

J. An educational website called K. Shah Classes provides classes for the CA CPT, CA IPCC, CA final, and CS exams.

Headquarter:

Mumbai, Maharashtra, India

Where to find them:

Industry:

Accounting, E-Learning, Education, Higher Education

Details about the buyer:

Veranda Learning is a digital learning platform that offers a wide variety of courses that can define your career.

Headquarter:

Chennai, Tamil Nadu, India

Where to find them:

Kinetic Information Systems acquired by Castleton Technology plc

Details about the transaction:

Acquisition amount:

$2,290,488

Announcement:

4 December 2017

Details about the company:

Software solutions are provided to businesses by Kinetic Information Systems based on their specifications and demands.

Headquarter:

Wickham, Western Australia, Australia

Where to find them:

Industry:

Accounting, Business Intelligence, Enterprise Software, Information Technology, Software

Details about the buyer:

Castleton Technology plc offers consulting and software support services.

Headquarter:

Sutton Coldfield, Birmingham, United Kingdom

Where to find them:

Technology Insight acquired by Glantus

Details about the transaction:

Acquisition amount:

$9,300,000

Announcement:

16 July 2021

Details about the company:

Recovery Audit Services and solutions for internal mistake avoidance are also offered by Technology Insight.

Headquarter:

Marlborough, Massachusetts, United States

Where to find them:

Industry:

Accounting, Finance

Details about the buyer:

Glantus is a leading provider of analytics and automation solutions for accounts payment.

Headquarter:

Dublin, Dublin, Ireland

Where to find them:

Live Keeping acquired by IndiaMART

Details about the transaction:

Acquisition amount:

$6,000,000

Announcement:

25 March 2022

Details about the company:

A SaaS platform called Live Keeping creates accounting software and company management solutions.

Headquarter:

Ahmadabad, Gujarat, India

Where to find them:

Industry:

Accounting, Consulting, IT Management, SaaS, Software

Details about the buyer:

An online B2B marketplace called IndiaMART.com links suppliers and customers.

Headquarter:

Noida, Uttar Pradesh, India

Where to find them:

Reckon acquired by The Access Group

Details about the transaction:

Acquisition amount:

$100,000,000

Announcement:

19 May 2022

Details about the company:

Accounting software is provided by Reckon to accountants, bookkeepers, small and medium-sized enterprises, and individual consumers.

Headquarter:

Sydney, New South Wales, Australia

Where to find them:

Industry:

Accounting, Billing, Computer Vision, Finance, Information Technology, Personal Finance, Software

Details about the buyer:

Software development and consulting firm The Access Group offers completely integrated corporate management applications.

Headquarter:

London, England, United Kingdom

Where to find them:

Shaw Gibbs acquired by Apiary Capital

Details about the transaction:

Acquisition amount:

$11,170,414

Announcement:

3 November 2022

Details about the company:

Shaw Gibbs offers services in corporate finance, outsourcing, payroll, accounting, auditing, taxation, and accounts software.

Headquarter:

Summertown, Oxfordshire, United Kingdom

Where to find them:

Industry:

Accounting, Consulting, Financial Services, Outsourcing

Details about the buyer:

In England and Wales, Apiary Capital is a Limited Liability Partnership.

Headquarter:

London, England, United Kingdom

Where to find them:

Strait acquired by Sanne Group

Details about the transaction:

Acquisition amount:

$32,000,000

Announcement:

7 April 2021

Details about the company:

Financial solutions are offered by Strait, a fund administrator, to hedge funds and private equity firms.

Headquarter:

Dallas, Texas, United States

Where to find them:

Industry:

Accounting, Finance, Financial Services

Details about the buyer:

The Sanne Group offers services for managing corporate assets and alternative assets.

Headquarter:

St. Helier, NA - Jersey, Jersey

Where to find them: