Event 1 Software, Inc.

Event 1 Software, Inc. specializes in advanced financial reporting and analytics solutions, providing organizations with tools to enhance operational efficiency and decision-making through robust integration with ERP and EPM systems. Founded in 1998 and headquartered in Vancouver, US, Event 1 Software, Inc. delivers financial reporting solutions.

In July 2020, the company was acquired by insightsoftware, Inc. Financial terms of the acquisition were not disclosed. This acquisition marks a significant pivot in their operational strategy as they integrate with a larger portfolio. The founder's history is not disclosed, and there is no mention of subsidiaries or previous ventures.

Event 1 Software, now part of insightsoftware, specializes in advanced financial reporting and analytics solutions through products like Sage Office Connector, Sage Liberty Reports, Forecast, Integrator, and Quick Aim Database Reference. These offerings enhance operational efficiency by seamlessly integrating with ERP and EPM systems, particularly Sage, and cater to mid-sized businesses and enterprise clients in diverse sectors, such as construction, finance, and real estate. Their solutions address critical business needs, including data management and reporting accuracy, empowering users to streamline processes and improve financial performance. Event 1 Software generates revenue primarily through subscription-based models for its software products, focusing on the B2B sector.

The company typically charges annual or monthly licensing fees for products like Sage Office Connector and Sage Liberty Reports, providing continuous updates and support. Specific pricing plans reflect scalability and customization, allowing clients to select solutions that align with their operational needs. Partnerships with channel resellers further enhance revenue streams through both direct sales and third-party distributions, fostering long-term client relationships. In the coming years, Event 1 Software is expected to leverage its acquisition by insightsoftware to expand its product offerings and market reach.

Although specific details on new product launches are not disclosed, the integration indicates potential advancements in their existing solutions. The company will focus on expanding into North America, Europe, and parts of Asia by 2023. The acquisition completed in July 2020 may provide the necessary resources for these initiatives, although specific funding details were not disclosed.