SCIVANTAGE BUYS UNGER Scivantage, a Jersey City, N.J.-based company, has acquired the assets of Unger Software Corp., which markets the Methuselah financial planning line.
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Unger, based in New York, also published the Financial Compass financial analysis package. Unger Software, which changed its name to Financial Guidance Solutions last fall, has become a Scivantage division and has been renamed Financial Guidance. Scivantage markets Web-based, front- and middle-office applications to the financial services industry.
THOMSON OFFERS ONESOURCE TAX
Thomson Tax & Accounting has launched OneSource Tax, which it says is a portal interface that helps corporate tax departments access tax tools, manage workflows, and track information.
OneSource Tax provided single sign-on capabilities for licensed clients of Checkpoint, InSource RS and/or OneSource WorkFlow Manager, which was formerly called the InSource WorkFlow Manager.
CCH PROMOTES TORGERSON
CCH has named Sue Torgerson, who joined the company in 2001, as director of segment management for CCH Tax and Accounting.
A CPA, Torgerson has been a member of the segment management team since its inception in 2003 and was active in the marketing of ProSystem fx Engagement. Prior to joining CCH, she was a sales specialist with CLR/RIA supporting the GoSystem suite.
BYALLACCOUNTS GETS $5 MILLION
ByAllAccounts, which provides services such as account aggregation to investment management and advisory firms, has received $5 million in Series A funding.
The investment was led by Commonwealth Capital Ventures and was joined by company executives.
COMPUPAY BUYS APS
CompuPay, a Miramar, Fla.-based payroll services company, has acquired 20-year-old Advanced Payroll Systems of Modesto, Calif.
CompuPay hired all APS employees and will use the Modesto office, the company’s sixth California office. CompuPay has also expanded its operations through the establishment of new offices. Last fall, it opened a sales and operations center in Milford, Mass., to serve the metropolitan Boston market, while also opening a sales office in Meriden, Conn., to serve the Hartford area.
ADVENT REVENUE GROWS
Advent Software reported revenue of $59.6 million for the fourth quarter ended Dec. 31, up 17.9 percent from $50.2 million in the corresponding period a year earlier.
Operating income hit $3.7 million in the most recently ended period, an increase of from $2.2 million a year earlier. Fourth quarter net income fell to $4 million from $76.6 million in the corresponding period a year earlier. However, the 2006 results included a $78 million benefit from income taxes. Revenue for 2007 was $215.5 million, up 17 percent from $184.1 million the prior year.
STIEFLER LEAVE INTUIT
Jeffrey E. Stiefler, who was CEO of Digital Insight, the online banking company acquired last year by Intuit, has left the company.
Stiefler will receive accelerated vesting of 40,000 restricted stock units and a one-time payment of $45,000 for health-care premiums.
ACCOUNTANTSWORLD OFFERS 401(K) APP
AccountantsWorld has launched Retirement Relief, which offers an Internet-based retirement product.
AccountantsWorld, based in Hauppauge, N.Y., is providing the software through an agreement with ExpertPlan of East Windsor, N.J., which utilizes the latter’s recordkeeping technology. AccountantsWorld president Chandra Bhansali said ExpertPlan was chosen for its expertise in providing retirement plans.
CCH OFFERS TAX RATE PRODUCT
CCH has added Worldwide Tax Rates and Answers: Emerging Markets to as the second component of products designed to provide tax information on individual countries.
The online product includes tax information for China, India, Mexico, Russia, Brazil, South Africa, Israel, Argentina, Taiwan, Chile, Vietnam and Korea.