Workiva acquires Parseport
With the introduction of the digital, Inline XBRL-based European Single Electronic Format (ESEF), we have anticipated seeing consolidation in the European reporting space – a trend that now seems to be underway. Reporting powerhouse Workiva recently announced its acquisition of Parseport, which brings to the table substantial experience in providing XBRL conversion software in Europe. With XBRL disclosure requirements set to expand, we look forward to seeing competitive and innovative software solutions from these and many other players.
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