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Sounds familiar?

by Ryan Lazanis

Sage Announces Acquisition of AutoEntry

www.sage.com

Data entry automation app, AutoEntry, was acquired by accounting software giant, Sage, and I'm interested to see how the cloud accounting space is evolving. I expect many more acquisitions by Xero, Intuit & Sage to follow as we'll begin to see 3rd party apps more closely integrated & baked into a native cloud accounting platform to provide smoother experiences.

Speaking of further consolidation, Canadian financial robo-advisor Wealthsimple acquired a free, online cloud tax product, Simpletax, to now offer to their clients. Could this be the start of a new tax preparation service that this tech startup will roll out to their clients? I wouldn't be surprised...

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