CODA buys SquareSum in 'Dream' move
CODA, this morning, has detailed its intentions to acquire accounting software company, SquareSum.
The SquareSum flagship product, Dream, will continue to be sold and marketed alongside CODA-Financials under the name CODA-Dream.
CODA group chairman, Graham Steinsburg, said the acquisition offered considerable benefit to both companies customers: ‘Both companies products are unified systems and are highly complementary in design and positioning.’
He went on to say that while the CODA software is aimed at the enterprise, Dream is targeted at SMEs.
The acquisition, which is expected to go through at £2.22 per share, or about £9.5m, will add 250 clients to CODA, increasing its worldwide client base to 2,300.