Dexter Mich. (April 22, 2004) -- Making its second tax software acquisition in less than a year, accounting software provider Creative Solutions Inc., a Thomson business, has acquired the ExacTax Package EX software line from Anaheim, Calif.-based ExacTax. Financial terms were not disclosed.
Creative Solutions said that current ExacTax Package EX customers would be offered incentives to renew with its proprietary UltraTax product, including price protection at ExacTax renewal rates and training.
“We’re always looking for good fits like ExacTax,” CSI president and chief executive Jon Baron told WebCPA. “The rapid growth of UltraTax clearly positions us as a national player in this market.”
Baron said that CSI has designed a data conversion table for ExacTax customers including federal data for 1040, 1120, 1120S, 1065, and 1041 returns, as well as California 1040 state data. He added that the company is working with ExacTax executives and software engineers to “ensure a smooth transition.”
Meanwhile, ExacTax will continue its service bureau operation and remote data entry tax processing using CSI’s UltraTax software system.
In July, CSI acquired the Tax Relief product line from Hauppauge, N.Y.-based AccountantsWorld.
-- Bill Carlino
