Cegid Buys SMB Tax Solution Loop Software

Cegid has acquired Loop Software, which offers a collaborative cloud-based accounts management and taxation solution for accountants and small and medium-sized enterprises. Terms of the deal were not disclosed. Loop was founded as a strategic partnership between KPMG France and a team of experts in web technologies. The solution is used by 35,000 clients who will join the 150,000 users of Cegid's collaborative solution. "In acquiring Loop, we are further enhancing our strategy towards the accoun...