UK Taxworld and Informanagement, which both provide information and software
on tax, compliance and governance changes to accountancy practice clients, have
merged to create the fourth largest player in the market.
It will now compete directly with CCH, the biggest supplier of tax software
and information in the UK. The merged business will now have a combined client
database of up to 500 UK firms.
Laurence Vogel, head of UK operations at Informanagement, said: ‘We see
ourselves benchmarked against CCH rather than other competitors.
Is there potential for other mergers in the pipeline, who knows? We just want
to drive the business forward.’
Informanagement is a Dutch company created by three accountants in 2001 which
currently supplies to 10% of the Dutch market. It launched in the UK last year
and will act as the parent company to UK Taxworld.
Informanagement has said there are no redundancy plans. It will consolidate
customer service centres but both company’s will retain their names, though
Informanagement will add ‘incorporating UK Taxworld’. The change will be
reflected on their website later this month.
Prior to the merger Informanagement would have sat towards the bottom of the
top ten players in the industry, with UK Taxworld sitting in the middle.
CCH were unavailable for comment at time of going to press.
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