RALEIGH, N.C., July 16, 2020 /PRNewswire/ insightsoftware, a global provider of enterprise software solutions for the Office of the CFO, today announced it has acquired Event 1 Software, a provider of intelligent, Excel-based reporting solutions. The terms of the deal were not disclosed.
Based in Vancouver, Wash., Event 1 Software delivers award-winning products—such as flagship solutions Office Connector and Liberty Reports—that enable CFOs and finance teams to transform Excel into an intuitive and interactive reporting engine for business data. The company serves more than 2,700 customers, with an emphasis on the construction and real estate industries. Financial users within businesses of all sizes can simplify and automate the creation of complex financial reports from leading ERPs, including Sage 300 Construction Real Estate, Sage 100 Contractor, and Sage Estimating.
The construction industry has been hit especially hard by the events of 2020, with spending in the U.S. forecast to be down as much as 9 percent. Emphasis on accurate financial and operational reporting in order to maintain cash flow is more important than ever. Together, Event 1 Software and insightsoftware provide customers with the tools necessary to help manage cash flow and prepare for future growth.
“Our customers have saved countless hours leveraging Excel-based reporting solutions powered by Event 1 Software for more than 20 years. As Event 1 joins insightsoftware, we’re confident the additional resources will enhance the reporting technology and support that is available to our shared customers.”Dustin Anderson, vice president and general manager of Construction and Real Estate at Sage.
“For decades, we’ve been delivering cutting-edge reporting solutions that transform Excel into a real-time, dynamic environment that drives true business intelligence,” said Michael Newland, president and CEO of Event 1 Software. “Joining insightsoftware now positions us for the next phase of growth. With a broad portfolio of financial reporting, budgeting and continuous planning solutions, we are opening up a whole new world of opportunity for our partners, and more flexibility and strategic decision-making potential for our customers.”
“With Event 1 Software, we continue to expand the scope of our offering, this time empowering the Office of the CFO with additional market-specific solutions that are optimized to derive critical business insights from leading construction and real estate ERPs like Sage and Viewpoint,” said Mike Lipps, CEO of insightsoftware. “Our robust portfolio of general and industry-centric solutions will benefit our combined customers and partners around the world with capabilities that extend beyond financial performance reporting and connect budgeting, planning and tax management, all of which are crucial to an ongoing holistic financial intelligence strategy and can take on renewed importance in times of uncertainty.”
insightsoftware is a leading provider of financial reporting and enterprise performance management software. We enable the Office of the CFO to connect to and make sense of their enterprise data in real time so they can proactively drive greater financial intelligence across their organization, which is how best-in-class finance teams operate. Over 25,000 organizations worldwide rely on insightsoftware’s portfolio of best-in-class reporting, analytics, budgeting, forecasting, consolidation, and tax solutions to provide them with increased productivity, visibility, accuracy, and compliance.