CPA Networks, a cpa networking software company that was acquired by CPA Software Corp, had 1 million installers and more than 4 million monthly active users at the end of 2016, according to its most recent quarterly report.
It has been a popular option for businesses looking to get up and running quickly.
In a statement, the company said the acquisition “allows us to continue the rapid growth we have seen in the last few years and to continue to innovate and improve our products and services for our customers.”
CPA networks offers more than a dozen services to businesses and consumers, such as e-commerce, cloud computing, and remote administration.
The company’s founder, Christian Cpa, said in a statement that the acquisition is the first step toward CPA becoming a “global leader in network software.”
The company was founded in 2016 and focuses on providing enterprise-grade network software for IT and financial services.
The acquisition comes at a time when CPA software has seen a surge in adoption, particularly in areas like digital marketing, consumer technology, and security.
In 2017, CPA network software had over 10 million users and was valued at over $20 billion, according the company.
CPA was acquired for a reported $11.6 billion in 2017, according TechCrunch.