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FreshBooks Buys German Company

 FreshBooks, which recently received $130 million in funding, has acquire FastBill, an accounting and invoicing package in Germany. Terms were not disclosed.

FastBill, founded in Frankfort, Germany, in 2011, supports paying customers in 16 European companies. The software is designed for self-employed professionals, small businesses and startups.

FastBill’s 30 employees, including CEO and founder Rene Maudrich will join FreshBooks and report to to FreshBooks’ newly-hired SVP of Markets, Dragana Ljubisavljevic. Maudrich will also become managing director of FreshBooks Germany

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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