RALEIGH – Formed in 2018 and backed by three private equity firms, insightsoftware continues to grow globally and hire locally.
The Raleigh-based fintech firm announced Thursday the acquisition of Viareport, a financial software provider based in France. The acquisition is the 14th it has made since being formed in 2018.
And jobs continue to be added in Raleigh where its headquarters are located. Plans continue to increase its local headcount by 55% this year to nearly 260, a spokesperson for the company says. The expanding headquarters was opened last year.
“While globalization is shattering previous barriers to business growth, it is also adding new pressures for CFOs in today’s digital environment with the need to ensure multinational investments and operations are reported in compliance with accounting standards.” said Mike Lipps, the CEO of insightsoftware, in the acquisition announcement.
“The addition of Viareport directly addresses these challenges and deepens insightsoftware’s extensive financial software portfolio, bringing powerful capabilities to our customers in Europe that enable them to simplify and streamline the process of meeting IFRS and other national regulatory demands.”
insightsoftware focuses on financial reporting, budgeting, forecasting and tax management through automation and “real-time access” to enterprise resource planning [ERP] data.
The company now has more than 700 employees with 27,000 customers and operates in 130 countries.
TA Associates, Genstar Capital and ST6 Partners are the private equity firms funding insightsoftware.
