The Pact Is Based on the Growth and Momentum of Insightsoftware in Europe; Add Solutions to the CFO Office
Insightsoftware , a global provider of enterprise software solutions for the CFO office, announced the acquisition of Viareport , a financial software provider offering financial consolidation. cloud-based, lease accounting, reporting and forecasting solutions. Terms of the deal have not been disclosed.
Based in Paris, France, Viareport is an expert in applications and services that help CFOs, finance teams and accountants optimize financial performance, including the reporting and management of leases and taxation. Serving organizations of all sizes in Europe and around the world, Viareport counts brands such as Clarins, France Air and CBC Radio-Canada among its clients.
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The Viareport acquisition enhances the insightsoftware enterprise performance management (EPM) and financial reporting portfolio with expanded capabilities for market-specific accounting and regulatory compliance requirements in Europe. The company offers integrated support for International Financial Reporting Standards (IFRS) and a consolidation solution that is designed to meet the various closing requirements of individual countries such as France and Germany.
“While globalization is destroying previous barriers to business growth, it also adds new pressures for CFOs in today’s digital environment with the need to ensure that multinational investments and operations are reported in accordance with accounting standards,” said Mike. Lipps , CEO of Insightsoftware. “The addition of Viareport directly addresses these challenges and deepens insightsoftware’s broad portfolio of financial software, bringing capabilities to our clients in Europe that allow it to simplify and streamline the process of meeting IFRS and other national regulatory demands.”
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“For the past 15 years, we have been proud to offer one of the most advanced and flexible series of financial software for reporting, compliance and consolidation and other financial processes, freeing CFOs and accountants from focusing on strategic analysis and optimizing the business performance, “said Emmanuel Amon , CEO of Viareport. “Being part of insightsoftware brings new benefits to our clients, including the ability to connect consolidation, lease accounting and compliance capabilities with a full range of the best financial and operational planning and reporting software. We will also be able to amplify business opportunities for our valuable partner network. “
insightsoftware operates in every region of the world, with customers in more than 130 countries and a community of thousands of channel partners. The company’s presence in France and the European region was reinforced earlier this year with the acquisition of the global leader in tax and financial planning software Longview , which occupied an office in Paris and maintained a robust partner network in the region.
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