Bright buys accounting software company.

TLDR:

• Bright, a tax, accounting, finance, and payroll software firm, acquires Milton Keynes-based MyWorkpapers.
• The acquisition expands Bright’s product portfolio and offers a full suite of specialized workpaper packs for accounting firms.

Ireland-headquartered software firm, Bright, has acquired Milton Keynes-based MyWorkpapers, expanding its product portfolio. MyWorkpapers, founded in 2009, initially offered an auditing application but has since grown to provide specialized workpaper packs for accounting firms. The software is designed to improve efficiency, collaboration, workflow production, and compliance for accountancy firms. Rich Neal, CEO of MyWorkpapers, expressed the opportunity for a deeper relationship with Bright to provide an integrated cloud solution. The combined expertise of both companies aims to enhance the daily operations and capabilities of accounting firms in the UK and Ireland.

Stephen Murdoch, CEO of Bright, stated that any addition to the Bright family must align with their customer-centric approach. The acquisition of MyWorkpapers signifies a milestone in Bright’s mission to support businesses and accounting professionals across the UK and Ireland. The consolidation of software companies in the UK accounting sector is a growing trend, signaling a shift towards integrated, cloud-native accounting solutions and enhanced value for customers. The integration of MyWorkpapers with Bright’s offerings aims to provide customers with more choice in software solutions to deliver high-quality services efficiently to clients.