Right Networks, a provider of cloud-based accounting and business solutions for CPA firms, accounting professionals and small-businesses, today announced the company has completed its acquisition of Atlanta-based Xcentric, the leader in managed IT solutions for accounting firms.
The acquisition combines two customer-centric, accounting vertical-focused market leaders, bringing together a comprehensive set of offerings that address every step of the cloud journey for CPA firms, accounting professionals and their SMB clients. Both companies were founded in 2002, built businesses with a 100% focus on helping accounting professionals grow relationships with their clients, and continue to fulfill a mission of transforming the way accounting professionals run and grow their businesses.
“We are thrilled to be joining forces with another market leader who truly understands the needs of accounting professionals and delivers compelling cloud solutions,” said John Farrer, CEO and founder of Right Networks. “Everything from Xcentric’s core business to their company culture and values are complementary to those of Right Networks. Our combined offerings will bring our customers an unparalleled set of solutions to choose from as they move along their cloud journey. The Right Networks cloud combined with Xcentric’s complete cloud offer gives the market a wide range of offerings to choose from. There is no other company that can match the depth of experience and level of customer support and service we will provide to the accounting and SMB markets. We are a true partner that helps CPA firms, accounting professionals and SMBs connect to each other and transform their businesses.”
Trey James, CEO and co-founder of Xcentric said, “Xcentric has built an amazing business focused on providing solutions to the accounting space over the last 15 years. Our team was seeking the right partnership with a company that shared our mission, market focus and core values so we could offer our customers even more value and accelerate our opportunity for growth. Right Networks has consistently demonstrated their leadership position in cloud-based accounting and business solutions by providing laser beam focus on the needs of accounting professionals, like we have, and giving their 100,000+ users outstanding support. We couldn’t be happier to be joining Right Networks.”
The expanded Right Networks will maintain its Hudson, NH headquarters while welcoming Xcentric’s two teams and offices in Atlanta, GA and Bozeman, MT. The company will continue to offer Xcentric’s complete cloud solution and plans to accelerate the growth of this customer base, while continuing to provide exceptional customer experiences