Tax-reporting company acquires California firm
A provider of tax-reporting products for businesses has acquired a California-based company to deepen its portfolio and extend its customer base.
Greatland in Grand Rapids, which specializes in W-2 and 1099 products, said yesterday that it has acquired Irvine, Calif.-based NewportWave.
NewportWave specializes in W-2 and 1099 software and support. NewportWave has built its reputation through electronic filing for banks and businesses.
“NewportWave’s current products and customer base provide the Greatland team with a solid platform and the potential to grow relationships with existing customers,” Greatland CEO Robert Nault said.
Within a year, NewportWave’s customers will be transitioned to the desktop version of Greatland’s Yearli year-end reporting software.
The software is a state, federal and recipient W-2 and 1099 reporting platform for small- to mid-size businesses and professional accountants.
Yearli is offered nationwide and allows companies to generate, file and deliver forms.
“I’m proud of NewportWave’s growth and am very confident that Greatland . . . will be able to offer our clients the same quality and service they have come to expect,” NewportWave CEO John Hines said.
“NewportWave and Greatland have very similar visions on how to make tax reporting easier, which has made the transition seamless.”
The employee-owned Greatland also has a location in Green Bay, Wis.
In addition to W-2 and 1099 forms and software, through subsidiaries, Greatland offers specialized products for online filing, business checks, presentation materials, income tax preparation supplies and mortgage forms.