It is understood the software provider has written to resellers detailing the products the company will discontinue next July.
The products to be withdrawn are Pegasus Senior, Edition, Connection, Pegasus Capital Accounts and Payroll and Pegasus Capital Lite Accounts and Payroll – and the company is looking into selling Paypoint.
Pegasus managing director, Paul White, told Accountancy Age: ‘We have a great brand and a strong channel but we have lacked real focus. We have been guilty of spreading ourselves too thin by selling too many products and applications. The products we are calling an end to are what we consider to be not relevant anymore.
‘There is a lot of work to do but our job now is to make e-business easily accessible to the SME market and we could not do that with our resources tied up elsewhere.’
White denied the move would result in a loss of customers, and explained the several thousand Senior customers would be given 50% of the value of their solution back to put towards a new package.
It is hoped most Senior customers will transfer to Pegasus Opera – an upgraded version is due for launch in September. The company will also release a webstore solution and XML gateway later this year.
Meanwhile Pegasus’ parent company Freecom.net is set to call an EGM to decide whether to change its name to Systems Union.
Three new partners and seven business restructuring advisers have been appointed to the new Preston office
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
The Top 20 firm has recently advised J S Wright, the mechanical and electrical building services specialist
Promotions have been made in the private clients tax team and corporate business team