Right Networks has acquired Rootworks which provides accounting firms with the tools, resources and guidance required to create a high-performing. Rootworks will continue its operation as an independent line of business within Right Networks. Financial terms of the deal were not disclosed.
Rootwoorks will be an independent line
Right Networks has been serving accounting and tax firms, independent accounting professionals, and small businesses. Founder Darren Root will serve as Rootworks GM and Right Networks VP of Market Strategy.
Joel Hughes, CEO of Right Networks, said:
“While Right Networks is a leading technology supplier to the accounting profession, we recognize that our firm customers need more than technology to succeed in the face of the profession’s digital transformation. Firms need the business context, the ‘why and how,’ in order to adapt and move forward.
Rootworks has pioneered and perfected a repeatable business model for The Modern Firm, supported by education and dedicated coaching via a technology platform and peer community that fosters success. Firms owners need help. Right Networks with Rootworks can deliver the level of help they require.”
With this combination, Right Networks’ accounting firm customers have a chance to subscribe to Rootworks’ Modern Firm Performance Platform. This platform offers a solution composed of front-office tools and resources, supported by ongoing guidance and an established peer community, to manage, organize and execute on all aspects of a Modern Firm.
Darren Root, the co-founder of Rootworks, talked about the acquisition, saying,
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“In an era marked by profound change and a new normal, the accounting profession needs focused, dedicated guidance and support now more than ever, so this merger could not have been better timed. Firms will greatly benefit from the combined strengths of both companies, including Right Networks’ unparalleled expertise in cloud-enabled technology solutions and Rootworks’ deep insight into firm operations and proven track record with targeted education and coaching—not to mention the proven leadership across both companies.”