insightsoftware, a global provider of enterprise software solutions for the Office of the CFO, announced it has acquired Event 1 Software, a provider of intelligent, Excel-based reporting solutions. Terms of the deal were not disclosed.
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Based in Vancouver, Wash., Event 1 Software delivers award-winning products—such as flagship solutions Office Connector and Liberty Reports—that enable CFOs and finance teams to transform Excel into an intuitive and interactive reporting engine for business data. The company serves more than 2,700 customers, with an emphasis on the construction and real estate industries. Financial users within businesses of all sizes can simplify and automate the creation of complex financial reports from leading ERPs, including Sage 300 Construction and Real Estate, Sage 100 Contractor, and the Vista construction platform by Viewpoint.
The construction industry has been hit especially hard by the events of 2020, with spending in the U.S. forecast to be down as much as 9 percent. Emphasis on accurate financial and operational reporting in order to maintain cash flow is more important than ever. Together, Event 1 Software and insightsoftware provide customers with the tools necessary to help manage cash flow and prepare for future growth.
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“Our customers have saved countless hours leveraging Excel-based reporting solutions powered by Event 1 Software for more than 20 years,” said Dustin Anderson, vice president and general manager of Construction and Real Estate at Sage. “As Event 1 joins insightsoftware, we’re confident the additional resources will enhance the reporting technology and support that is available to our shared customers.”
