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Drake Parent Becomes Taxwell

 ChangeDrake Software has selected Taxwell as the name of the parent company, now that it is offering two separate product lines. The change has come about now that the company markets tax preparation software under the Drake and TaxAct names.

TaxAct was acquired last year from Blucora by Drake’s parent, Cinven, which brought the two tax software lines together. Those businesses will continue to operate under the different brands, serving different client bases. 

In its announced, Taxwell noted the new name is an important milestone and will further provide both companies with the opportunity to align strategic goals and objectives.”

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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