Certent, a provider of software-as-a-service solutions for equity compensation and financial disclosure management, announced that it has signed an agreement to acquire DisclosureNet, a provider of software-as-a-service solutions that improve the quality of external and internal reporting by enabling peer comparisons and analysis, access to accounting standards, and quantitative benchmarking.
DisclosureNet’s technology helps users reduce risk, accelerate reporting cycles, and file higher quality financial disclosures. DisclosureNet CEO Paul Hill will serve as chief revenue officer at Certent.
The acquisition of DisclosureNet further expands Certent’s current financial compliance capabilities, which streamline the SEC and SEDAR reporting process, improve productivity, and strengthen controls and collaboration. DisclosurNet, based in Toronto, Canada, serves clients across the United States and Canada.