Company profile: Drake Software
1.1 - Company Overview
Company description
- Provider of professional tax preparation software for tax professionals, including Drake Tax for federal, state, and city returns with automatic data flow, multi-state, review and e-filing tools; Drake Zero (web-based) with unlimited state returns and e-filing; Web1040 for filing unlimited returns; Drake Documents digital filing cabinet; Drake Portals (SecureFilePro) for secure document exchange; and Drake Pay for payment acceptance.
Products and services
- Drake Tax: A comprehensive professional-grade tax preparation software for federal, state, and city returns, featuring automatic data flow, multi-state returns, and tools for data entry, review, and e-filing
- Drake Portals (SecureFilePro): A secure website enabling confidential document exchange between tax professionals and clients, integrated with Drake Tax and Drake Documents for cloud backups
- Drake Zero: A web-based tax preparation system requiring no installation or updates, delivering unlimited state returns, e-filing, and long-term online storage
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Drake Software
Benefitsy
HQ: Germany
Website
- Description: Provider of a smart benefits manager that enables employers to offer employees tax-free benefits, including Hrmony Sachbezug, a platform for tax-free vouchers and subscriptions from over 100 popular brands, up to a value of €50 per month.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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Denim
HQ: United States
Website
- Description: Provider of freight payment and financial management software for freight brokers, offering working capital solutions, factoring, automated invoicing, collections, carrier payments, and back-office process management.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Denim company profile →
CashAnalytics
HQ: Ireland
Website
- Description: Provider of cash forecasting and liquidity management software for companies with multiple business units and subsidiaries. Solutions include automated cash flow forecasting and reporting with a single source of reliable data via ERP and bank connectivity, consolidated bank views, working capital analytics (AP/AR), and daily and monthly cash flow forecasts for short- and longer-term planning.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full CashAnalytics company profile →
WinBooks
HQ: Belgium
Website
- Description: Provider of products and services; company long description and products/services information not available for WinBooks SA/NV.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full WinBooks company profile →
CCH Tagetik
HQ: United States
Website
- Description: Provider of Corporate Performance Management and Business Intelligence software, founded in 1986.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full CCH Tagetik company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Drake Software
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Buyer group 2: ████████ ████████
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Buyer group 3: ████████ ████████
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Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Drake Software
2.2 - Growth funds investing in similar companies to Drake Software
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4 - Top valuation comps for Drake Software
4.2 - Public trading comparable groups for Drake Software
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