CXO SOFTWARE SOLD TO INSIGHTSOFTWARE

  • Transaction date:

    October 2018

  • Client:

    Founding shareholders and investors

CXO Software was sold to insightsoftware, a US based global leader in enterprise resource planning (ERP) and enterprise performance management (EPM) reporting solutions.

CXO Software is a Netherlands- and US based global performance reporting platform that helps transform finance departments from report-generating cost centres to value-added providers of strategic insight to improve executive level decision-making.

The company’s web-enabled solution automates performance reporting by linking directly to leading EPM systems and financial data sources in order to provide real-time actionable insight directly to the C-suite. CXO Software’s customer base consists of large corporates such as KLM Royal Dutch Airlines, Randstad, Siemens, Experian, McDonald’s and Pitney Bowes.

The acquisition of CXO Software strengthens insightsoftware’s mission to streamline financial and operational reporting for customers and allows them to extend their capabilities to the large enterprise market, adding support for major EPM products, including SAP Business Planning and Consolidation, Oracle Hyperion, Tagetik and OneStream. Insightsofware is a portfolio company of TA Associates.