Johannesburg, 12 Jul 2017
You may have seen the communication over the past few days about Certent signing a definitive agreement with IBM Corporation to acquire the IBM Cognos Disclosure Management (CDM), IBM Cognos Disclosure Management on Cloud (CDM on Cloud), IBM Cognos Financial Statement Reporting (FSR), and IBM Clarity 7 products.
Certent is a leading provider of software and services for equity compensation and financial disclosure management and reporting. Founded in 2002, Certent serves more than 2 400 public, private, and pre-IPO companies with innovative stock plan management, regulatory compliance and reporting technology. With five global offices, Certent delivers confidence across mission-critical finance and HR processes.
"This acquisition supports our strategy to be the leading global provider of financial reporting and compliance software and services," says Michael Boese, CEO of Certent. "It will expand our product suite, accelerate our product roadmap and expand our international footprint." This will directly benefit Synergy's CDM clients.
A senior team from Synergy met with Certent in May 2017 in Orlando and agreed to partner together to assist local SA based companies with their regulatory/compliance reporting requirements, specifically XBRL/iXBRL in South Africa, XBRL for SEC and Edgar reporting.
"We are in active ongoing discussions with Certent to strengthen our relationship, which will ensure our customers continue to receive support on CDM products," says Christo Bredenkamp, MD of Synergy.
Synergy and Certent will co-host three XBRL events around the country in August in these three major cities: Durban, 15 August, Cape Town, 16 August and Johannesburg, 17 August. Interested parties should contact Priscilla Doig directly at Priscilla.Doig@synergy.co.za.
For more information on the acquisition, read the press release:
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