Milford accounting software firm merges with Texas co.
Houston-based AcctTwo has acquired Leap the Pond, a Milford firm that provides cloud-based accounting software applications from the Sage Intacct subsidiary of Sage Group.
The companies did not disclose deal terms, with Leap the Pond reporting $3.7 million in revenue last year to win inclusion on the Inc. 5000 list with a growth rate of nearly 200 percent over the past three years.
With Leap the Pond in the fold, AcctTwo now has more than 100 employees and 800 clients, with additional offices in Dallas and Austin, Texas, and plans to open an office in New York City.
Alex.Soule@scni.com; 203-842-2545; @casoulman