|By PR Newswire||
|July 30, 2014 03:00 PM EDT||
LONDON and BRENTWOOD, Tenn., July 30, 2014 /PRNewswire/ -- Confirmation.com announced today that it has expanded its presence in Europe with the acquisition of ProConfirm Ltd, an electronic audit confirmation solution based in London, UK. This acquisition reinforces Confirmation.com's leadership position as the global provider of secure online audit confirmation services and brings in ProConfirm's local expertise of the UK and European markets.
"In Europe, there is a growing interest in our online audit confirmation service as more accounting firms and banks look for ways to improve operational efficiencies, and reduce the chance of financial fraud going undetected," said Chris Schellhorn, CEO of Confirmation.com.
"We have had significant adoption in international markets of the Confirmation.com service these last two years," Brian Fox, president of Confirmation.com added. "With the acquisition of ProConfirm, this growth will continue at an even more rapid pace."
As part of this acquisition, ProConfirm will remain in London and integrate into the company's UK subsidiary, Confirmation.com UK, Ltd. Adam Goodall and Samuel O'Connor, acting principles of ProConfirm, will oversee operations for the Confirmation.com UK office including marketing, sales and support of the Confirmation.com service.
"Our acquisition of ProConfirm, the opening of our UK office in London, and having Adam and Samuel as part of our team allows us to better serve our growing customer base in mainland Europe," said Dave Malone, senior vice president of Confirmation.com and responsible for the company's international expansion. "We are thrilled to have them on board and to have their expertise as we grow the European market."
"Confirmation.com has completely transformed how auditors and banks manage audit confirmations throughout the world," said O'Connor, commercial director of Confirmation.com UK. "I'm very excited to join the company and support its growth in the UK and Europe." "We had first-hand experience of how frustrating the old postal process is whilst working at a Big 4 accountancy firm," said Goodall, operations director of Confirmation.com UK. "There is huge demand for an electronic audit confirmation system in the UK and Europe, and Samuel and I are really looking forward to expanding the company's presence in this important market."
With hundreds of thousands of users around the world, Confirmation.com continues to accelerate its international growth with its new UK office and through its reseller partners Confirmations Asia Pacific in the Asia Pacific region, CQS Technology Holdings in Africa and Asa Makina in Turkey.
Confirmation.com is the creator and world's leading provider of secure electronic audit confirmation services. It processes over $1 trillion in confirmation information annually for a majority of public companies, as well as private companies, non-profits and government agencies. In addition to its bank confirmation solution, the company provides solutions for more than 50 different types of audit confirmations including accounts receivable confirmations. Confirmation.com is an Associate Member of the British Bankers Association, is the Preferred Provider of Electronic Confirmations for the AICPA Trusted Business Advisor™ Solutions Program and is endorsed by the American Bankers Association. Confirmation.com has also received numerous awards including being a multi-year alumnus on the Inc. 500 list for 2010 and 2011. Thousands of In-Network responding companies including all of the Top 10 banks in the U.S. and over 12,000 accounting firms in more than 100 countries trust Confirmation.com for their audit confirmation needs. For more information, visit Confirmation.com.
Debbie Gray, Director of Marketing
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