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Home » insightsoftware Acquires Legerity, Adding Cloud-Based Accounting Rules
Offering for Complex Financial Transformation


INSIGHTSOFTWARE ACQUIRES LEGERITY, ADDING CLOUD-BASED ACCOUNTING RULES OFFERING
FOR COMPLEX FINANCIAL TRANSFORMATION

April 21, 2022

insightsoftware is the global provider of enterprise software solutions for the
Office of the CFO to connect to & make sense of data in real time, driving
financial intelligence across […]



Legerity FastPost Platform brings new capabilities to insightsoftware
Consolidation and Close Offerings

RALEIGH, N.C. – April 21, 2022 – 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.

Year over year, finance teams have increased workloads due to more onerous
statutory accounting and revenue authority reporting requirements. Finance
leaders require greater visibility into financial processes to ensure effective
planning and risk mitigation. For many organizations, the processes associated
with financial close and reporting are slow and manual. Legerity gives
organizations the ability to automate processes and eliminate labor intensive
data collection and report development. By creating a consistent, non-siloed
data source, it provides real-time visibility into financial and tax data, at
any time, which strengthens your financial controls and your ability to manage
risk effectively.

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.

“Legerity’s FastPost Platform is a strategic solution for organizations,
especially during complex financial transformation. It brings an important set
of capabilities to insightsoftware, including flexible business and accounting
rules, compliance, and automated finance processes,” said Jim Triandiflou, CEO
of insightsoftware. “Legerity is a natural fit as we expand both our product
offerings and regional footprint. We’re thrilled to welcome strong, talented
employees, customers, and partners to insightsoftware.”

“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.”

Legerity was advised on the transaction by FirstCapital, an investment bank
specializing in high-growth technology companies in Europe. With offices in
London and Silicon Valley and an alliance in Germany, FirstCapital advises
software, internet and digital media, and tech-enabled services companies on
strategic M&A, private equity, and growth capital funding transactions.

About insightsoftware
insightsoftware is a leading provider of reporting, analytics, and performance
management solutions. Over 30,000 organizations worldwide rely on us to support
business needs in the areas of accounting, finance, operations, supply chain,
tax, budgeting, planning, HR, and disclosure management. We enable the Office of
the CFO to connect to and make sense of their data in real time so they can
proactively drive greater financial intelligence across their organization. Our
best-in-class solutions provide customers with increased productivity,
visibility, accuracy, and compliance. Learn more at insightsoftware.com.

About Legerity
Legerity helps clients deliver digital finance transformation and complex
accounting change. FastPost Express is an enterprise-grade, SaaS-delivered
IFRS17 solution that won InsuranceERM’s IFRS17 Solution of the Year award in
2021 and 2022. Visit legerityfinancials.com for more information.


Media Contacts
Contacts
CCgroup for insightsoftware
insightsoftware@ccgrouppr.com

Ashley Yakopec
Public Relations and Communications Manager
ashley.yakopec@insightsoftware.com




PRODUCTS

 * Angles
 * Atlas
 * Bizview
 * Calumo
 * Certent
 * Clausion
 * CXO Software
 * Dundas
 * Hubble
 * IDL
 * Jet (Jet Global)
 * Legerity
 * Logi Analytics
 * Longview
 * Magnitude
 * Mekko Graphics
 * Spreadsheet Server
 * Tidemark
 * Viareport
 * Wands


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