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Crowe Sells Three Tax Products

Dollars newAccounting firm Crowe has sold three of its Crowe Tax Technology applications to  K1X, which is owned by Mudita Venture Partners and Geralyn Hurd. Terms were not disclosed 

The products involved in the transaction are C-TRAC, K-1 Analyzer and K-1 Navigator

."The C-Trac Suite is designed for tax compliance for not-for-profits and performs tax such as completing IRS tax forms, delegating tasks and tracking data in real time.  It includes alternative investment, master compensation and state modules, along with the IRS benchmarking export. Users can search the IRS database of e-filed returns and export data points from 990 forms to spreadsheet software

 K-1 Analyzer is a suite, which is described as being designed to streamline the K-1 aggregation process while K-1 Navigator is meant to produce K-1 packets quickly and accurately.

K1X will offer jobs to the roughly 40 Crowe staff members who are involved in the three products with the sale expected to be “substantially complete by the end of the year.”

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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