Equiom Acquires Xen Accounting

Equiom Acquires Xen Accounting

Friday, December 7, 2018 9:00 AM

Global professional services firm joins forces with Canadian virtual accountants

DOUGLAS, ISLE OF MAN / ACCESSWIRE / December 7, 2018 / International professional services provider Equiom is pleased to announce that it has acquired Canadian cloud accounting firm, Xen Accounting, marking its first Canadian deal and entry into the cloud services arena.

Sheila Dean, Global CEO, Equiom

Established 40 years ago, Equiom is a leading international professional services provider with a strong presence across Europe, Asia, the Middle East and Americas. Its focus is on supporting international corporations and high-net-worth individuals around the world with their wealth planning and related service needs. Xen Accounting was founded in 2013 and offers cloud-based accounting, payroll, tax compliance and virtual CFO services, specializing in Xero and its related cloud-accounting ecosystem. Xen Accounting is one of only four Xero platinum partners in Canada. This enables clients to tap into a team of professional accountants across the country and benefit from an automated accounting process facilitated by Xero cloud-accounting software.

Ryan Lazanis, CEO, Xen Accounting

Equiom's Global CEO Sheila Dean commented: 'This is a very exciting acquisition for Equiom. Having recently begun servicing private clients through South Dakota, it gives us a much broader capacity to support clients in North America. Furthermore, the addition of Xen Accounting will give a unique boost to our already strong payroll, accounting and tax service offering. Advancing technology has already enabled us to have a better conversation with our clients, engaging more often and actively. Equiom will leverage Xen's experience with a view to adopting their model of next generation accounting solutions. This will ultimately allow us to focus on adding value through timely reporting, analytics and forecasting, rounding out a proficient virtual service. A big thank you to the acquisition team for making this a reality and to Gowling WLG for their support.'

CEO of Xen Accounting, Ryan Lazanis added: 'Businesses in the digital age need modern accountants that not only understand accounting and tax, but technology as well. Since 2013, we have prided ourselves on setting the trend with regard to offering our customers a truly easy, automated and pain-free accounting experience by pairing up professional accountants with the latest cloud accounting apps, all for a fixed monthly price. As we have grown, so have our clients and it's now important to shift things up a gear to take our cloud accounting services to a global stage by becoming part of Equiom, a firm that truly gets our model and what we are setting out to achieve. By being able to leverage Equiom's global footprint and expertise across a wide range of sectors and regions, we will be able to support our valued clients with an enhanced service throughout their growth. I fully expect that this is just the beginning of some exciting things to come.'

Following integration with Equiom, Xen Accounting's team, who are based throughout Canada, will continue providing accounting services remotely to its clients.

For more information visit www.equiomgroup.com , www.xenaccounting.com

About Equiom

Equiom is fast becoming the stand-out business in the professional services sector, with a strong presence spanning 15 jurisdictions in Europe, Asia, the Middle East and The Americas. It provides a range of innovative and effective business partnering solutions.

Equiom's experienced and highly qualified teams support corporations and high-net-worth individuals around the world with their fiduciary and related support-service needs.

Equiom is an independent company focused on strategic thinking and quick responses to clients' requirements. It is a thriving business, continually seeking to develop its product range, in order to provide both existing and potential clients with an unrivalled range of options and opportunities.

Equiom (Guernsey) Limited and Equiom Trust (Guernsey) Limited are licensed by the Guernsey Financial Services Commission. Equiom (Isle of Man) Limited is licensed by the Isle of Man Financial Services Authority. Equiom (Jersey) Limited is regulated by the Jersey Financial Services Commission. Equiom (Luxembourg) S.A is supervised by the Commission de Surveillance du Secteur Financier (CSSF), the supervisory authority of the Luxembourg financial sector. Equiom (Malta) Limited is authorised to act as a trustee and fiduciary services provider by the Malta Financial Services Authority. Equiom Trust Services Pte. Ltd. is licensed by The Monetary Authority of Singapore. Equiom Trust Services (BVI) Limited is regulated by the British Virgin Islands Financial Services Commission. Equiom S.A.M. is authorised to act as a trustee and fiduciary services provider by the Ministry of Finance in Monaco. Equiom Trust (South Dakota), LLC (ETSD) is licensed in Guernsey by the Guernsey Financial Services Commission and in South Dakota by the South Dakota Division of Banking.

About Xen Accounting

Xen Accounting is a fully virtual, 100% cloud-based, 100% paperless professional accounting firm which offers online accounting services to business across Canada in a virtual and paperless environment. Xen Accounting's goal is to provide its clients with an easy, automated and pain-free accounting service By combining professional accountants, technologists, state of the art cloud accounting software and a modern mindset, Xen Accounting helps to automate and modernise the accounting process for them and their clients.

For more information visit www.xenaccounting.com


Laura Bryan
Corporate Communications Team
[email protected]
+44 (0) 1624 699118

SOURCE: Equiom