insightsoftware, a global provider of reporting, analytics, and performance management solutions, today announced it has expanded its footprint in Europe with the acquisition of Legerity, a provider of cloud-based accounting rules software. This deal brings a new solution set to insightsoftware, with opportunities to connect to existing product offerings that unlock business data for finance and operations teams and application developers at organizations of all sizes.
The Legerity accounting rules platform, FastPost, changes the way Insurance, Banking, and Telecommunications companies think about their back-office processes. It was built to handle large volumes of complicated data and process it in the cloud at ultra-fast speed, giving customers the ability to meet regulations and unlock the value of their data. Notably, the platform ensures back-end processes can keep pace with change, such as maintaining compliance with International Financial Reporting Standards (IFRS). It provides a granular level of control to finance and accounting teams.
“I am immensely proud of what we have achieved at Legerity over the last seven and a half years. We have built an award-winning, best in class SaaS platform and established a global client base of blue chip organizations. This acquisition brings immense opportunity to our employees, customers, and partners,” said Jeremy Wood, CEO, Legerity. “The role of today’s finance teams goes far beyond accounting. Demands from stakeholders and clients, the rapid pace of innovation, and changing regulatory requirements have been drivers for Legerity. Joining insightsoftware, our growth trajectory has been accelerated, meaning we’ll be able to expand the value we bring to our customers that rely on us for confidence in their financial data.”