M&A Deal Summary

Rightworks Acquires Rootworks

On May 7, 2020, Rightworks acquired business services company Rootworks

Acquisition Highlights
  • This is Rightworks’ 1st transaction in the Business Services sector.
  • This is Rightworks’ 4th transaction in the United States.
  • This is Rightworks’ 1st transaction in Indiana.

M&A Deal Summary
Date 2020-05-07
Target Rootworks
Sector Business Services
Buyer(s) Rightworks
Deal Type Add-on Acquisition

Target

Rootworks

Bloomington, Indiana, United States
Rootworks LLC is an accounting firm provides services to small to mid-sized accounting firms with the tools, resources, and guidance required to create a high-performing, proactive Modern Firm. Rootworks is based in Bloomington, Indiana.

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Buyer(S) 1

Buyer

Rightworks

Hudson, New Hampshire, United States
Category Company
Founded 2002
Sector Internet Software and Services
DESCRIPTION

Rightworks is a provider of cloud solutions to accountants and small and medium-sized businesses. Rightworks' cloud platform is built with advanced virtualization technology deployed on enterprise-class infrastructure and effectively enables SMB end-users to connect, share and collaborate in the cloud with any time, anywhere access to applications, files, and data. Rightworks was founded in 2002 and is based in Hudson, New Hampshire.

DEAL STATS #
Overall 4 of 6
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 4 of 6
State (Indiana) 1 of 1
Country (United States) 4 of 6
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-11 Propelware

Lakeville, Minnesota, United States

Propelware is a producer of an Autofy, a connector of e-commerce and CRM applications to QuickBooks and QuickBooks Online. Propelware is based in Lakeville, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-14 Tech 4 Accountants

Lake Worth, Florida, United States

Tech 4 Accountants is a security-focused managed service provider for accounting firms and small and medium-sized businesses. Tech 4 Accountants was founded in 2014 and is based in Lake Worth, Florida.

Buy -
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