Accounting
Rightworks Acquires Cyber Security Firm Practice Protect
The acquisition will enable firms to manage risk, secure client data, and achieve regulatory compliance while using cloud and desktop applications in Rightworks OneSpace.
Jun. 26, 2024
Rightworks, a cloud service provider delivering solutions purpose-built for accounting firms and professionals, 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 U.S.-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.