BTCSoftware is a multi-award-winning tax software solution which helps accountants to streamline and simplify tax and compliance work. The company launched its SaaS solution, BTCHub in 2018 which enables accountants to comply with Making Tax Digital (MTD) VAT regulations and is integrated with HMRC and Companies House.

Bright is a UK and Ireland-based accounting, practice management and payroll software provider. Bright’s software offers world-class support and comprehensive solutions including BrightPay Payroll Software, Thesaurus Payroll Manager, Surf Accounts Production, AccountancyManager, and now BTCSoftware.

Rob Ellis, CEO of BTCSoftware commented:

“We are delighted with the process of the sale conducted by the Regent Assay team. We have been working closely for the past few years with them. They expertly provided a comprehensive range of consulting services at the outset to help position our business to optimise its value for this sale. The Regent Assay team fully understood the dynamics of the business and we were able to implement their key recommendations prior to our going out to market. They identified a strong shortlist of acquirers and managed the negotiation process expertly and smoothly. We are really pleased with the outcome for all of our shareholders and employees and are looking forward to being part of Bright Group moving forward. We thank the whole team of Pradip, Brett and Olly for all their support throughout the process.”

The Regent Assay team is pleased to have worked with the BTCSoftware team in achieving this milestone having previously undergone the EAP program (now ASSESS) alongside successful fundraise to fuel business growth. This transaction demonstrates Regent Assay’s continued expertise and track record in the technology sector.