KKR-backed Exact to acquire Officient.

KKR-backed Exact, a provider of business and accounting software, agreed to acquire Officient, a Belgian HR software provider. Financial terms were not disclosed. "In recent years, Exact has enhanced its online payroll solutions with many new features. However, we have seen increasing demand from customers looking for a solution that can addresses all their HR administration and processing needs. With Officient, we found the perfect partner to address this and have been impressed by how quickly they have attracted their impressive client base. This acquisition fits well with our strategy to grow through a combination of organic development and integration of acquired products. It builds on our presence in Belgium and follows on from our acquisition in December last year, of Belgian accounting and business management software company WinBooks," Phill Robinson, Exact CEO.