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closed 5/31/2017 via BNC Analysis

Abacus Next, acquired OfficeTools

synopsis: AbacusNext, which provides case management and desktop-as-a-service cloud platforms to legal clients, has announced the acquisition of accounting practice management solutions provider OfficeTools. OfficeTools is the leading provider of practice management software and educational resources in the tax preparation and public accounting industry.
buyer parent: Providence Equity Partners Inc.
buyer: Abacus Next
Abacus Next® helps businesses with stringent security and compliance needs grow by providing Compliance-Ready™ turnkey technology solutions, allowing clients to leverage the power of cloud computing without the added challenges and expenses of managing complex IT infrastructures on their own. "
target: OfficeTools
OfficeTools is the leading provider of practice management software and educational resources in the tax preparation and public accounting industry. Their flagship application, WorkSpace™, combines a suite of core productivity and management features into an integrated solution.
price ($mm)
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announced 7/28/2017 via Company Press Release

Peninsula Business Services Group, will purchase Certain UK Publishing Assets from Wolters Kluwer Legal & Regulatory

synopsis: Wolters Kluwer Legal & Regulatory announces that it has reached agreement on the divestment of certain UK information and publishing assets to the Peninsula Business Services Group. The assets include information services for HR, health & safety, and compliance professionals and online and print publications for accountants and tax consultants.
buyer: Peninsula Business Services Group
The Peninsula Business Services Group is a leading U.K. provider of employment law, HR, health & safety and tax consultancy services. Since 1983 Peninsula has been providing professional services to small businesses across the UK. "
seller parent: Wolters Kluwer NV
seller: Wolters Kluwer Legal & Regulatory
Wolters Kluwer Legal & Regulatory is a division of Wolters Kluwer. Some of their UK Publishing Assets include information services for HR, health & safety, and compliance professionals and online and print publications for accountants and tax consultants.
price ($mm)
$15
rev ($mm)
$34
EBITDA ($mm)
EV / rev
0.4x
EV / EBITDA
closed 8/20/2015 via PR Web

Accountingfly, acquired Going Concern

synopsis: Accountingfly, the accounting profession’s online career community, announced the acquisition of Going Concern, a leading accounting news publication. Going Concern features original editorial content and an insider analysis of the culture, people and firms shaping the profession.
buyer: Accountingfly
Accountingfly is the accounting profession’s online career community. Employers use Accountingfly to streamline the recruitment and hiring process of interns, early career and experienced accountants. "
target parent: Sift Media
target: Going Concern
Going Concern is a leading accounting news publication. It features original editorial content and an insider analysis of the culture, people and firms shaping the profession.
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