The Access Group (Access) announced that it has acquired Fathom, a reporting, forecasting and financial insights business management solution to deliver insightful and fast reporting and analysis capabilities to small and medium businesses and their accounting firms.
What does Fathom bring to the portfolio of Access?
Launched in 2012 Fathom has grown to a strong base of 7,500 clients across 31 industries and 81 countries across the APAC, UK, Europe and the US. With a background in accounting software development, founders David Watson, Daniel Walls and Geoff Cook were at the forefront of the cloud accounting movement when they developed Fathom. The platform has since become highly regarded for its product ingenuity, global expansion and customer care.
David Watson, Fathom Co-Founder said: “We’ve always been motivated to help SMBs. Fathom’s insights help businesses to better understand their numbers, make more informed decisions and better plan for the future. By providing clarity and enabling conversations, Fathom empowers the people behind every business to move forward with confidence.”
“Like Fathom, seeking to empower business success is embedded in The Access Group’s DNA, which affirms our belief that this is the right next step for Fathom, our employees, and our clients. Helping clients build better businesses has been our top priority, and we’re confident that our partnership will advance that mission. The experience, investment and resources Access brings will help Fathom continue our growth trajectory,” said David Watson.
What does the deal mean for Access’ expansion?
Kerry Agiasotis, president of The Access Group Asia Pacific commented: “The Fathom founders and their team have developed an easy-to-use cloud-native software application that demystifies complex financial and accounting concepts and terminology. The Fathom platform bridges this gap by providing visualisations that tell the story of the numbers.”
“It is quickly redefining the market when it comes to reporting, analysis and forecasting, by driving business success for small and medium businesses and accounting firms. As we welcome Fathom’s employees, customers and partners to The Access Group, we will be looking to showcase what they do best around their innovation and tech, to our customers.”
“The recent acquisition of the Reckon Accountants Group and now Fathom, is by design – to continue to build on our commitment to SMEs and accounting firms in ANZ. Fathom’s ability to help advance organisations through digital insights, coupled with our cloud tech and the Access Workspace platform, creates even more possibilities for our joint customers.”
Access delivers software solutions that can be adopted in a way and at a pace that works for each business and employee. By integrating new software applications with legacy solutions through Access Workspace, businesses can choose their own pathway for advancing their systems and allow employees to establish their own personalised Workspace.
