insightsoftware - a provider of business performance management solutions for financial services has bought Viareport,a financial software company that offers financial consolidation, leasing, reporting and cloud forecasting solutions. The terms of the agreement were not disclosed. global specialist insightsoftware aims to continue to grow in Europe by acquiring solutions to comply with financial regulations and accounting standards to expand the capabilities of the Financial Directorates
Based in Paris, Viareport supports CFOs, Finance teams and accounting experts in optimizing their financial performance through an offer of applications and services. Used by companies of all sizes in Europe and around the world, Viareport counts among its clients Clarins, Vinci and PMU. The acquisition of Viareport adds to the portfolio of insightsoftware in financial reporting and business performance management (EPM) solutions while providing it with regulatory compliance capabilities and accounting requirements specific to the European market. The company provides integrated support for International Financial Reporting Standards (IFRS) and a consolidation solution designed to meet country-specific closing requirements, such as France and Germany.
"While globalization breaks down barriers to business growth, it adds new pressures to CFOs in today's digital ecosystem. They need to ensure that multinationals' investments and operations comply with current accounting standards," said Mike Lipps, CEO of insightsoftware. "The acquisition of Viareport directly addresses these issues. It deepens insightsoftware's extensive financial software portfolio by providing our customers in Europe with powerful tools to simplify and streamline compliance processes for IFRS and other local cloud regulatory requirements."
"For the past fifteen years Viareport has been offering one of Europe's most advanced and flexible financial software suites for reporting, consolidation and other financial processes, allowing CFOs and Accounting Experts to focus on strategic analysis and performance optimization for their company," said Emmanuel Amon, President of Viareport. "Joining insightsoftware will bring new benefits to our customers, including the ability to combine consolidation, lease management and regulatory compliance with a full range of advanced planning, financial and operational reporting software. We will also be able to offer new business opportunities to our valuable network of partners."
insightsoftware is present in all regions of the world with customers located in more than 130 countries and a distribution network of several thousand partners. The company has strengthened its presence in France and more broadly in Europe, with the acquisition earlier this year of financial planning and tax software firm Longview, which already had an office in Paris and maintained a network of partners throughout the region.
