About GreatSoft
GreatSoft is a company based in Cape Town (South Africa) founded in 2011 was acquired by Vela Software in August 2023. It operates as a SaaS (Software-as-a-Service), and Subscription Services. GreatSoft offers products and services including Practice Management Software, Tax Compliance Software, Payroll Software, Document Management Software, and GreatSoft Planner. GreatSoft operates in a competitive market with competitors including FloQast, Canopy, SafeSend, Silverfin and Suralink, among others.
- Headquarter Cape Town, South Africa
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Sectors
Technology
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Vela Software
(Aug 21, 2023)
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Products & Services of GreatSoft
GreatSoft offers a comprehensive portfolio of products and services, including Practice Management Software, Tax Compliance Software, Payroll Software, Document Management Software, and GreatSoft Planner. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software is provided for managing accounting practice operations.
Tools are offered for simplifying tax calculations and submissions.
Cloud-based payroll solutions are delivered for various firm sizes.
Online tools are provided for client communication and collaboration.
Planning tool is offered for managing engagements and deadlines.
Funding Insights of GreatSoft
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in GreatSoft
GreatSoft has secured backing from 1 investor. Prominent investors backing the company include Vela Software. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Software development services are provided to clients by Vela Software.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by GreatSoft
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - GreatSoft
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Greatsoft Comparisons
Competitors of GreatSoft
GreatSoft operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as FloQast, Canopy, SafeSend, Silverfin and Suralink, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Automated account reconciliation is facilitated by a cloud-based platform.
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| domain | founded_year | HQ Location |
Practice management software is offered for accounting professionals.
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| domain | founded_year | HQ Location |
Tax automation solutions are provided for accountants' digital return delivery.
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| domain | founded_year | HQ Location |
Cloud-based accounting workflow and practice management solutions for businesses
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| domain | founded_year | HQ Location |
Workflow management software is provided for accounting firms' document handling.
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| domain | founded_year | HQ Location |
Grasp is focused on preventing errors in media buying.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Greatsoft
Frequently Asked Questions about GreatSoft
When was GreatSoft founded?
GreatSoft was founded in 2011.
Where is GreatSoft located?
GreatSoft is headquartered in Cape Town, South Africa. It is registered at Cape Town, Western Cape, South Africa.
What does GreatSoft do?
GreatSoft is focused on delivering high-quality CRM software solutions tailored for accountancy firms. Services are provided in areas such as practice management, tax compliance, payroll, and document management. Cloud-based tools are offered to ensure security, speed, and functionality. Custom solutions are developed to meet specific needs of firms in tax, secretarial, and other functions. The company is recognized for its industry expertise and partnerships with major accounting firms in Africa. Support and integration processes are managed to facilitate smooth transitions for clients.
Who are the top competitors of GreatSoft?
What products or services does GreatSoft offer?
GreatSoft offers Practice Management Software, Tax Compliance Software, Payroll Software, Document Management Software, and GreatSoft Planner.
Who are GreatSoft's investors?
GreatSoft has 1 investor. Key investors include Vela Software.
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