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KASEYA ACQUIRES OBJACCT ACCOUNTING
Kaseya, which has made its name in IT systems management, has acquired most of the assets of ObjAcct Inc., which makes the ObjAcct XML Accounting Suite. ObjAcct was founded by Solomon and SaaS veteran Lee Mellinger, who has joined Kaseya as SVP of the Financials Division. The accounting suite will be integrated into Kaseya's systems and service management platform, which Kaseya said would make it easy for IT professionals to capture and monetize costs associated with the delivery of IT services.
ObjAcct will be renamed Kaseya Financials for IT Services, which will be combined with the Billing for IT Services application that was acquired in 2009 when Kaseya purchased the assets of Datatune. The Web Services-based ObjAcct also has ObjAcct Suite On-Premise, an end-user configuration. Mellinger, who founded ObjAcct in January 2003, previously led another online application company, eLedger from January 1999 to May 2001, which went bust during the dot-com extinctions. He also worked at the former Solomon Software as a consultant from 1989 to 1993.
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