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Accounting software provider begins US expansion

An Australian business advisory software provider has begun its push into North America with the acquisition of a US-based membership group for accountants.

M&A Mitchell Turner 18 January 2016
— 1 minute read

Panalitix has announced the acquisition of 2020 Group USA as part of its global growth plan, which will now be known as Panalitix USA.


The group describes itself as a “membership group for progressive accountants and provides seminars, products and consulting help.”

“The acquisition bolsters our ability to support our members worldwide, bringing together an even broader community of outstanding practicing accountants,” noted Rob Nixon, founder and CEO of Panalitix.

Chris Frederiksen, chairman of 2020 Group USA stated that the Panalitix platform would grant a “quantum leap” for members, providing the opportunity to augment standard compliance offerings with a range of business advisory services.

“They are also committed, as I am, to moving clients to the cloud and providing them with real-time, current and useful information, monitored by accountants,” Mr Frederiksen added.

As a result of the acquisition, Christine Anuszkiewicz has been appointed president of Panalitix USA, and will spearhead the group’s further moves within the region, with Mr Nixon indicating that 2016 would include several product launches for the group moving forward.

“There has been some significant investment in the product, with some market-leading changes coming this year,” Mr Nixon concluded.

Accounting software provider begins US expansion
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