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The addition will help “demystify complex financial and accounting concepts” for its clients, says the firm.
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Access Group acquires Fathom
26 August 2022
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The Access Group has acquired reporting, forecasting and financial insights business management software provider Fathom.
Fathom co-founder David Watson said that joining the Access Group made sense as both businesses had a focus on helping customers build better businesses.
“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 importantly, our customers,” he said.
“Since day one, helping our customers build better businesses has been our top priority, and we’re confident that our partnership with Access will advance that mission.
“The experience, investment and resources Access brings to the table will help Fathom continue our global growth trajectory.”
Mr Watson said that Fathom had always strived to make financial data and concepts simpler for companies and their accountants.
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“Fathom’s visual insights and reports help businesses to better understand their numbers, make more informed decisions and accurately plan for the future,” he said.
“By providing clarity and enabling conversations, Fathom empowers the people behind every business to move forward with confidence.”
President of the Access Group Asia Pacific, Kerry Agiasotis, said that Fathom’s software is enhancing the financial advisory landscape and as it joins the firm it would only continue to grow.
“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,” said Mr Agiasotis.
“The Fathom platform bridges the 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.”
Mr Agiasotis said that he was looking forward to introducing Fathom to the firm’s customers.
“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 technology, to our own customers,” he said.
“The recent acquisition of the Reckon Accountants Group and now Fathom, is by design – to continue to build on our commitment to small and medium businesses and accounting firms in Australia and New Zealand.”
Launched in 2012 Fathom has grown to employ over 80 people and provides services for more than 63,000 companies globally. The firm was founded by David Watson, Daniel Walls and Geoff Cook who had a background in accounting software development and looked to progress cloud accounting.
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