Equity plan management and financial reporting solution provider Certent has signed an agreement to acquire DisclosureNet.

DisclosureNet’s Software-as-a-Service solutions provide peer comparisons and analysis, access to accounting standards, and quantitative benchmarking for both internal and external reporting. The Toronto-based company’s CEO, Paul Hill, will serve as chief revenue officer at Certent.

The financial terms of the deal were not disclosed. 

“The combination of DisclosureNet and Certent represents a major step forward in fulfilling our vision for financial compliance,” said Michael Boese, Certent’s CEO, in a statememt. “Our joint solution eliminates manual workflows in the filing process, facilitates team collaboration, and helps ensure disclosures are insightful and accurate. This comprehensive solution for more productive, higher-quality external reporting is unique in the market.”

“We are very excited about the benefits our customers will receive from this union,” said Paul Hill, DisclosureNet’s CEO. “Our clients will not only continue to receive excellence in technology and support from the same industry-leading team, but they will also gain an expanded solution to further streamline their reporting process.”

Certent’s web-based technology is designed to streamline equity plan management and financial reporting for ASC718 and IFRS, and EDGAR/SEDAR filings in XBRL, HTML, and Inline XBRL.

 

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