Bright, a UK and Ireland-based accounting, practice management and payroll software provider, is acquiring tax software firm BTCSoftware.
The move is part of the company鈥檚 long-term strategy to offer an intuitive, integrated and end-to-end cloud accounting software solution to accounting firms and SMEs.
Bright develops and delivers innovative accounting, practice management and payroll software.
Formed in 2021, Bright also includes BrightPay, a leading payroll and HR software, as well as Surf Accounts and Surf Accounts Production, cloud-based bookkeeping and accounts production solutions.
Kevin McCallum, chief executive officer of Bright, said: 鈥淭his acquisition is another key milestone for Bright, and BTCSoftware鈥檚 tax offering adds another all-important solution to our portfolio. It joins Bright with a well-renowned reputation across its customer base and throughout the wider industry.
鈥淚ts ethos of innovation, its value placed on customer support and its understanding of tax, accounting and what firms and accountants need, is second to none.
鈥淚t鈥檚 why we chose BTCSoftware to be the latest solution to join Bright and help us hit our goal of delivering an end-to-end cloud practice suite with compliance tools for the UK and Irish market.
鈥淲ith Bright鈥檚 backing, we can continue to help make tax easy for accountants and bookkeepers.鈥�
BTCSoftware was founded in 1999 by Rob Ellis, and Ian Katt茅. Ellis, and current chief business development officer, Paul Oldridge, will both be joining Bright as part of the acquisition.
BTCSoftware鈥檚 team of 20 are to become a part of the Bright workforce
Commenting on the acquisition Ellis said: 鈥淚 am proud of what BTCSoftware has grown into, and what we鈥檝e achieved along the way.
鈥淚nnovation and imagination have always been deeply ingrained in how we work, and Bright is a place where innovation thrives.
鈥淛oining Bright opens up the horizons for users across the software in the group, in the long-term becoming an integrated part of a complete accounting solution with practice management, accounting, tax and payroll.鈥�
Following the acquisition, Bright鈥檚 software supports over 11,000 accounting practices and more than 30,000 small to medium-sized businesses across Ireland and the UK, with a headcount of almost 300 people. It currently has offices in Duleek and Dublin, Ireland, Warwick and India.