Certainly, the deals demonstrate Exact's plans to invest in emerging technologies such as blockchain and machine learning. Early in the month, the Netherlands based publisher acquired Dièse Finance, which makes online tax management software, for businesses and accountants in France. Users will be able to file taxes directly from Exact's cloud accounting product, Exact Online. Since that application is sold in the United States, it would be logical to conjecture Exact could connect Exact Online and tax software here. This week, Exact picked up the Dutch cloud accounting software company Reeleezee, which will be managed as a private label and developed separately from existing Exact products. However, technical teams from both companies will collaborate on machine learning, blockchain and Standard Business Reporting, among other areas. Exact will also offer Cashr, a cash register package from Reeleezee, to its customers. Terms were not disclosed for either deal.Last modified on Friday, 30 June 2017
EXACT ON ACQUISITION ROAD Featured
Exact has acquired two cloud software companies in Europe this month. There is nothing to indicate there will be any immediate impact on the operations in the United States, which include JobBoss, Macola and Max. However, there are some indications the deals could eventually affect software development company-wide.
Bob Scott has been informing and entertaining the mid-market financial software community with his email newsletters for 10 years. And he has been covering this market through print publications for 18 years, first as technology editor of Accounting Today and then as the Editor of Accounting Technology from 1997 through 2009. He has covered the traditional tax and accounting profession during the same time and continues to address that as executive editor of the Progressive Accountant.