Lockstep, which makes software program aimed particularly at accounting professionals, introduced will probably be acquired by enterprise software program supplier Sage.
Launched in 2020, Lockstep supplies purposes to automate accounts receivable and accounts payable, in addition to the primary and solely free inbox resolution permitting buyer and vendor workflow automation in a single utility. Lockstep’s Platform API additionally permits third events to develop monetary and accounting purposes. Sage intends to help Lockstep’s continued growth of options, increase its developer API, and create new integrations for third events.
“Over time it has turn out to be abundantly clear that Lockstep and Sage have the identical imaginative and prescient for the way forward for the trade,” stated Peter Horadan, CEO and co-founder of Lockstep, in an announcement. “Since inception, our mission has been to enhance and remodel the best way corporations do enterprise with each other. This acquisition will present Lockstep with the assets and world attain it must speed up the event of linked accounting which is crucial for accountants, finance groups, and the businesses they serve.”
All 130 Lockstep workers can be retained within the acquisition. Phrases of the deal weren’t disclosed.