Royal Bank of Scotland is to acquire UK accounting software vendor FreeAgent in a deal that values the firm at £53 million.More than 60,000 customers currently use the FreeAgent book-keeping system to manage and maintain their business accounts, track time, log expenses, create and send invoices, forecast their tax bills and file their Self Assessment and VAT returns directly to HMRC.
Royal Bank of Scotland is to acquire UK accounting software vendor FreeAgent in a deal that values the firm at £53 million. More than 60,000 customers currently use the FreeAgent book-keeping system to manage and maintain their business accounts, track time, log expenses, create and send invoices, forecast their tax bills and file their Self Assessment and VAT returns directly to HMRC. The firm's software is one of over 15 new mobile banking app features launched by the bank for business customers since 2017. RBS says up to 10,000 customers have currently downloaded the package.
https://www.finextra.com/newsarticle/31885/rbs-to-acquire-book-keeping-software-firm-freeagent
