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Dutch software provider Exact takes over WinBooks

Dutch software provider Exact is expanding its activities by acquiring WinBooks, an accounting and business management software company. The combination of the two businesses confirms Exact’s commitment to serving the needs of accountants and SMEs in Flanders. WinBooks will be managed as a separate business within the Exact group.

Accountant at work

Expanding the market together

With this acquisition, both companies now offer the most comprehensive range of business software solutions for SMEs and their accountants. Together they can accelerate product innovation and respond more quickly to emerging business and technology trends.

"WinBooks is a well-known and trusted brand in Belgium, which is a strategic growth market for Exact," says Exact CEO Phill Robinson. "We have the ambition to double our revenue to EUR 500 million over the next five years, and Flanders is an essential part of this strategy.”

Major player in accounting

WinBook was founded in 2000 after several years of investment in R&D, making a strong debut into accounting and business management software market. The group WinBooks is based in both Flanders and Wallonia, with an equal distribution of the equity between the two regions. With 20,000 customers, WinBooks is a major player in the accounting and business management software sector in Belgium and Luxembourg.

Founders Jean-François Cuylits and Pierre Borremans will continue to manage WinBooks. "The partnership with Exact offers opportunities for us to develop an even wider range of software solutions for the Belgian market, both on-premise and in the cloud," says Borremans.

About Belgium and Flanders

With Dutch as its official language, Flanders (Dutch: Vlaanderen) is the northern region of Belgium. The capital of both Belgium and Flanders is Brussels.

More info

Exact WinBooks
Reported by
www.knack.be
20 February 2020

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