Online accountancy software gets new player:

Financial software company Unit 4 Agresso and online computing company has launched joint venture

Unit 4 Agresso merged with Coda in mid 2008 and created an online package

The latest offering will incorporate technology used by Coda2Go and to create the new company with Coda’s CEO Jeremy Roche heading up will have head quarters in California and the UK with most
of the Coda2Go team moving over.

Roche said: “This is the next logical step for Coda2Go as we move to the next
stage of innovation.”

He added that although online accounting and finance software had just 5% of
the market but that analysts have said it is the fastest growing area and the
company wanted to position itself at the forefront.

Agresso will be the majority stakeholder in the new company.

Further reading:

Agresso results show weakened UK market

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