If you use Drake software, you probably would be more than willing to pay for it even at double the price. The pain of learning a different tax software plus the errors and missed items you will have in a conversion is crazy.
ATSMAN wrote:When a venture capitalist invests in a family owned business their goal is to increase the company value, sell it and make a profit and get away. They are not there to hang around for long!
For sure. On average private equity own companies for 5 years. They bought based on a multiple of EBITDA and will be planning to sell it on a multiple of EBITDA. So they'll do whatever increases EBITDA. They will almost certainly reduce headcount so I imagine customer service will decline, and maybe even move offshore. Employees are expenses and not assets in the EBITDA model. They might focus on creating or overhauling the add-ons and almost certainly will be increasing the base price. I'd expect them to overhaul the software so it looks less like it's in Windows 3.1, and maybe even get rid of the desktop option.
If I was looking for new software right now, I would be looking elsewhere just because of the entry of new private equity.