The recent purchase of a Microsoft reseller by a company from Iceland must have raised a few eyebrows in the accounting software channel.

The land of fire and ice isn't known yet as the Silicon Glacier. But maybe we'll be hearing more from Iceland-based Kogun hf because its purchase of Santa Monica, Calif.-based SCS is surely only a beginning. There's not much to gain by the acquisition of a company that had revenue of $7.4 million in 2004 if that's the only thing Kogun plans for the United States.

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

Don't have an account? Register for Free Unlimited Access