Cloud-based accounting software provider FinancialForce.com has agreed to acquire the PS Enterprise online professional services automation software owned by Appirio Inc., along with a small team behind it, and market the software to its customers.
As a result of the deal, services companies can run all of their core systems — including marketing, sales and customer management; services management and delivery; and accounting and reporting — on a single service.
Both the FinancialForce and Appirio systems will continue to be sold and supported separately. PS Enterprise will continue to integrate with customers’ existing finance systems, both cloud-based or on-premise.
Todd Bursey, vice president of PS Enterprise, is joining FinancialForce to lead the product and the core PS enterprise team is coming as well.
“Appirio’s PS Enterprise is an outstanding on-demand solution that helps professional services teams manage their people, projects, customers and transactions – not in silos like many PSAs,” said FinancialForce chief executive Jeremy Roche. “It supports a services business end-to-end, bridging the gap between how you sell projects and how you deliver them. We chose to acquire the solution because while FinancialForce.com has become an expert at developing on Force.com, we are accounting specialists with a 30-year track record. The Appirio PS Enterprise team are specialists in PSAs, so we are getting not just a specialist solution with market-leading functionality, but also the experts that come with that. In one move we can now offer world-class solutions and expertise in professional services automation and financial accounting.”
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access