Zone & Co, the leading provider of Enterprise Resource Planning (ERP) native software solutions, has acquired Solution 7, a UK-based financial reporting tool provider. The acquisition will enhance Zone’s existing offerings by integrating Solution 7’s financial reporting capabilities directly into Microsoft Excel, leveraging live ERP data with full drill-down and back functionalities. Hylke Sluis, CTO of Zone & Co, believes the merger will enhance customers’ data analysis proficiency while maintaining data integrity and delivering critical business insights. CEO Thomas Kim asserts the partnership will empower finance teams with better flexibility in their Financial Planning & Analysis (FP&A) processes. Founding CEO of Solution 7, Simon Miles, is also aligned with the vision of reducing technical debt and enhancing decision-making capabilities. Post-acquisition, all of Solution 7’s UK staff and international customer base will join Zone & Co, creating a combined entity serving over 4,000 customers worldwide and having a global presence with hubs in major continents. Legal advisory services were provided by Wilkie Farr & Gallagher LLP for Zone & Co, and Osborne Clarke LLP for Solution 7. With a commitment to the phased integration, completion is anticipated within the year 2024.

Enterprise Software, Financial Technology,United States (Boston, MA), United Kingdom (Oxford, England), Global