Rightworks expands leadership position in cloud and security solutions with acquisition of Practice Protect
June 26 2024 - 10:00AM
Rightworks, the only intelligent cloud service
provider delivering solutions purpose-built for accounting firms
and professionals, today announced it has acquired Australia-based
Practice Protect, the accounting profession’s
leading cybersecurity provider. The acquisition will enable firms
to manage risk, secure client data, and achieve regulatory
compliance while using cloud and desktop applications in
Rightworks OneSpace.
“As a longtime customer of both Rightworks and Practice Protect,
this is very exciting news for my firm,” said James Buss, founder
of Buss CPA, a modern firm that specializes in
accounting for the automotive, construction and agriculture
industries. “We are looking forward to benefiting from the
integration of Practice Protect into the Rightworks portfolio.
Given how often our team already relies on the security,
accessibility and peace of mind both companies provide, we
anticipate the acquisition will greatly advance the accounting
profession.”
Rightworks will integrate Practice Protect into its OneSpace
intelligent cloud, strengthening the security, efficiency and
seamless access accounting professionals need to build a thriving
firm. For markets outside of the US, including Australia and New
Zealand, Rightworks will continue to offer Practice Protect on a
standalone basis, supported by the current Practice Protect global
teams.
“We are excited to welcome the Practice Protect team to
Rightworks,” said Joel Hughes, CEO of Rightworks. “The addition of
the team and technology helps us continue our mission to deliver a
secure, purpose-built cloud that gives accounting professionals
easy access to all the cloud and desktop applications they need to
create a profitable and modern business.”
As the accounting profession continues to evolve, firms are
increasingly adopting cloud software to efficiently collaborate
with clients and run their businesses. However, ever-present
cyberattacks are a lingering pain point. According to a
recent Rightworks survey, 88% of respondents believe
technology positively impacts workplace efficiency and client
services—with top benefits cited being the ability to support
flexible/remote workers and heightened firm and client data
security.
“For the last several years, we've searched for the right
US-based partner that prioritizes the accounting profession’s
interests; shares our mission; and is leading the charge in North
America with new innovations, thought leadership and community,”
said Jamie Beresford, CEO and Co-Founder of Practice Protect. “Our
team is thrilled to now be part of Rightworks and to embark on a
united mission to protect the profession from expanding
cyberthreats targeting both firms and their clients.”
Practice Protect is the leading cybersecurity platform for
accounting firms. It enables accounting firms to gain complete
control over the access of client data and passwords within their
business with enterprise-level automation, application security and
human-powered support. It is built for the future of accounting.
From device and email security to single signon and one-click
offboarding, Practice Protect is trusted by more accountants
worldwide than any other password and data management tool.
Click here to learn more about Rightworks
OneSpace and click here for more information on
Practice Protect’s host of cybersecurity solutions tailored for the
accounting profession.
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About Rightworks Rightworks
enables accounting firms and businesses to significantly simplify
operations and expand their value to clients via our award-winning
intelligent cloud and learning resources. This is possible with
Rightworks OneSpace, the only secure cloud environment
purpose-built for the accounting and tax profession, and Rightworks
Academy, the premier community for firm optimization, growth and
professional development. The Academy offers access to thought
leadership, events, peer communities and extensive learning
resources. Founded in 2002, we’ve grown to serve over 10,000
accounting firms in the US—from single practitioners to Top 10
firms. For more information, please visit
rightworks.com or follow us on
LinkedIn, Facebook and
Instagram.
About Practice Protect Practice
Protect, the accounting profession’s
leading cybersecurity platform, gives firms complete control and
peace of mind when working with client data and passwords through
enterprise level automation, application security and human-powered
support. From device to email, single signon and one-click
offboarding, Practice Protect is trusted by more accountants
worldwide than any other password and data management tool.
Launched in 2016, Practice Protect works with over 25,000+
accounting professionals to free them from burdensome cyber
security threats.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/9f6d41cd-a7e8-4ca7-b4fe-1e5de98678d9
Media contact:
Angel Flores
603-565-2194
aflores@rightworks.com