Zone & Co Announces Acquisition of Infinet Cloud

Zone & Co, an esteemed partner of Oracle NetSuite SuiteCloud Developer Network, renowned for its expertise in cloud-native financial services software, has successfully acquired Infinet Cloud, another prominent member of the NetSuite SuiteCloud Developer Network. Infinet Cloud specializes in crafting international payroll and employee services software solutions.

This strategic move not only widens Zone's geographical presence, now encompassing the United Kingdom, Australia, New Zealand, and Canada, but also enriches its existing suite of Zone Apps. This expanded portfolio now includes robust payroll and HR capabilities in addition to its finance solutions. This advancement solidifies Zone's commitment to enhancing the efficiency, agility, and security of the CFO's office and related teams, while optimizing the value derived from the platform.

Thomas Kim, CEO at Zone & Co, highlighted the synergy between finance and HR: "HR and finance are closely connected by nature. The addition of Infinet Cloud's highly sought-after payroll solutions to our portfolio, therefore, makes a lot of sense for us and our customers. By combining these fin-ops and adjacent automation needs, Zone helps customers get the most out of their NetSuite environments and support growth."

Anton Selfe, General Manager at Infinet Cloud, echoed this sentiment: "Joining Zone & Co — a company with the same beginnings, values, and ethos — is the perfect opportunity for us to accelerate our ambitious plans. In recent years we have seen rapid growth in our markets (Australia, New Zealand, and the United Kingdom), with more and more customers wanting to bring accounting and payroll functions together. This, combined with the upcoming rollout of Canadian Payroll, presents an awesome opportunity that we can now realize to its full potential under the Zone Apps umbrella."

As part of the acquisition, Infinet Cloud's global team, including its three founding partners and existing clients, will seamlessly transition to Zone & Co. The integration process will unfold in a phased manner and is on track for completion by the conclusion of 2023.

Source:prnewswire.com