CedarOpenAccounts acquires payroll provider

CedarOpenAccounts has made its first major acquisition since its merger last
year, with the purchase of HR and payroll software business Grampian.

The deal, is part of COA’s attempts to provide a range of business
applications, and considerably expands its market share in HR and payroll

As a consequence of a long-standing business partnership, the two companies’
software products are already integrated and operate with a similar look and

Grampian has 320 HR and Payroll software customers, and CedarOpenAccounts’
customer base will exceed 1,500 organisations.

CedarOpenAccounts will retain all of Grampian’s HR and Payroll specialist
staff and the employees will continue to be based in Aberdeen.

The company could not confirm the price of the deal as Accountancy
went to press.

Cedar acquired OpenAccounts in June 2004, in a deal that brought together
their respective strengths across public and private sector organisations.

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