Universal Business Computing Co. (UBCC), a Lehi-based provider of high-volume, high-productivity software for accounting and payroll professionals, has been acquired by Pioneer Accounting Group, based in Seattle.
“I had observed the exceptional productivity of UBCC software when I purchased the accounting practice of Vivat Lin, a UBCC client in Seattle,” said Armaven Pogosyan, the founder of Pioneer Accounting Group. “Lin’s staff confirmed that UBCC software productivity is 200 percent to 300 percent higher than at other accounting practices. I have never seen efficiencies and flexibility like this before, and that’s what led me to pursue the next step.”
“I am extremely pleased that Armaven is taking over UBCC to keep the industry-leading technology moving forward to the next generation,” said Ken Garen, UBCC co-founder. “It means a lot to me that clients will continue to be able to depend on UBCC to make payroll and accounting the best and most efficient they can be.”
Garen said all current UBCC employees will remain with the combined company. UBCC will continue working on new payroll portal functionality and will remain as a consultant for a few months during the transition.
Pogosyan said that his goal is to move his other firms over to UBCC software to maximize cost savings and personnel. For ongoing clients of UBCC, updates, enhancements, maintenance and support will continue as they have in the past.
Terms of the purchase were not disclosed, and the transaction was finalized Sept. 30.