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Bench to be Acquired, After Abrupt Shut Down
In a shocking turn of events, the accounting startup Bench has announced its acquisition by Employer.com, just days after it abruptly shut down and left thousands of small business owners without access to their critical financial data.
According to sources close to the matter, TechCrunch has exclusively learned that Employer.com will revive Bench’s platform and provide instructions for customers to log back in and retrieve their information. This move comes as a relief to those affected by the sudden shutdown on December 27.
Employer.com’s Chief Marketing Officer Matt Charney confirmed the acquisition, stating that Bench customers can expect to continue working with the same expert bookkeepers they know and trust. However, it remains unclear how this will play out in practice, given the layoff notices sent to many of those employees after the shutdown notice.
The acquisition is a significant development for both parties, as Employer.com continues to expand its presence in the HR tech space. The acquisition also raises questions about the future of Bench’s operations and what measures are being taken to ensure continuity.
As a result of the shutdown, thousands of small business owners have been left without access to their financial data, just as tax season is set to begin. This has caused widespread panic and disruption among customers who rely heavily on Bench’s services.
The acquisition by Employer.com comes as a surprise, given the abrupt nature of the shutdown. However, it marks a promising step towards providing closure for those affected by this sudden turn of events.
It will be interesting to see how both parties plan to move forward in light of these developments and what kind of support is provided to customers who have been left without access to their data during this critical period.
Source: techcrunch.com
