FinQuery buys Innervision, opens UK arm
What's the deal? FinQuery has acquired InnervisionDealroom has a profile for this one. Try Dealroom → from IRIS Software GroupDealroom has a profile for this one. Try Dealroom →, establishing a dedicated UK operation. Financial terms were not disclosed.
What each side brings: FinQuery runs what it calls an Intelligent Subledger Platform, helping accounting teams track what they lease, own, and owe across leases, fixed assets, debt, accruals, and prepaid expenses. Innervision brings specialised FRS 102 and IFRS 16 lease accounting expertise and an established UK customer base.
Why now? FinQuery has served UK and European clients for nearly a decade, but had no local operation. The deal formally launches FinQuery UK, deepening regional support and expanding its FRS 102 and IFRS 16 capabilities.
What's the endgame? "The UK is an important growth market for FinQuery, and Innervision gives us something we value enormously: an established customer base, deep local expertise, and a team that understands the accounting needs of UK organisations," said chief executive officer Joe Schab.
What changes for customers? Existing Innervision clients keep uninterrupted service and, over time, gain access to FinQuery's broader platform beyond lease accounting. FinQuery serves more than 8,700 customers globally and is a portfolio company of TA AssociatesDealroom has a profile for this one. Try Dealroom →.
The signal: The deal is a tuck-in play: buy a specialist with local compliance depth, then cross-sell a wider platform. For FinQuery, acquiring FRS 102 expertise is a faster route into the UK market than building it in-house.
Read more: finanznachrichten.de
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