TechnologyAccounting SoftwareSystems Union buys Lasata for £10m

Systems Union buys Lasata for £10m

Systems Union has continued its acquisition policy with the £10m purchase of analytical software company Lasata.

‘Bringing Lasata into the business intelligence division means that we can accelerate the growth of the combined MIS and Lasata products to the existing customer base, and to users of other business applications,’ said Systems Union CEO Paul Coleman. Lasata’s joint owners and co-founders, Tony Farrell and Steve Wall, have joined the division’s executive management team.

And in other IT news, UK businesses are being told to ‘beware of IT vendors’ that offer the promise of compliance solutions, according to Eclipse Computing MD Shabbir Osman. ‘When it comes to interpreting (compliance) guidelines it is compliance expertise that is required first and foremost, not IT expertise,’ Osman told Accountancy Age.

‘Once the right procedures and checks have been designed, then IT systems can play a role in monitoring and reporting on business transactions, but only then. Existing systems should be more than capable of meeting that need.’

Related Articles

Accountancy in the digital age: Flexibility, agility, efficiency

Accounting Software Accountancy in the digital age: Flexibility, agility, efficiency

2w Pegasus Software | Sponsored
Sage purchases Intacct in its largest ever acquisition

Accounting Software Sage purchases Intacct in its largest ever acquisition

5m Alia Shoaib, Reporter
5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
UK behind foreign markets in digital accounting, but gap is narrowing

Accounting Software UK behind foreign markets in digital accounting, but gap is narrowing

7m Alia Shoaib, Reporter
The rise of the progressive accountant

Accounting Software The rise of the progressive accountant

7m Emma Smith, Managing Editor
Making Tax Digital: Revolution or revolt?

Accounting Software Making Tax Digital: Revolution or revolt?

8m Emma Smith, Managing Editor
Making Tax Digital: Is HMRC’s recent system fault a cause for concern?

Accounting Software Making Tax Digital: Is HMRC’s recent system fault a cause for concern?

8m Emma Smith, Managing Editor
Four reasons why SME owners should switch to cloud accounting

Accounting Software Four reasons why SME owners should switch to cloud accounting

9m Emma Smith, Managing Editor