Linden Lab, creator of the online virtual world Second Life, has begun outsourcing its finance and accounting work to Consero Global Solutions.

Linden expects to save over $1 million over the next three years from the arrangement. The company's Second Life online world has attracted more than 8 million registered users in 100 countries.

Consero provides GAAP accounting and SEC reporting for clients, along with financial planning and analysis. Linden felt that outsourcing its accounting and finance work would allow it to scale those functions more easily as it continues to grow.

Consero will provide Linden with financial modeling and analysis, general ledger accounting, accounts payable, and payroll processing, as well as several administrative functions.

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