Geniac, the office as a service, is shutting down after Grant Thornton pulls support

Mar 12, 2018 · techcrunch.com

Gettyimages 638540742

Geniac, the London-based startup that provided an "office as a service" for small and medium-sized businesses, is soon to enter the deadpool.

TechCrunch has learned that majority owner Grant Thornton, the international professional services company, has made the decision to shutter Geniac as of April 5th. Customers were informed at the beginning of this month that they’d need to find a new provider, whilst Grant Thornton has confirmed the decision.

"We are sorry to announce that we have decided to close the Geniac service. We had high hopes for Geniac, but unfortunately, we are not making the progress we wanted, to be able to continue to provide the best service to our clients," reads the email Geniac sent to out customers.

"Yes, we have we have made a decision to close Geniac. We will no longer be able to offer services to clients after 5 April 2018," says a Grant Thornton UK spokesperson.

Founded in 2014 by ex-Accenture consultants, Michael Galvin and Eduardo Martinez, Geniac promised to be a one-stop-shop for SMEs that integrated payroll, accounting, legal and HR services into a single platform, in what it dubbed "office as a service".

Read Complete Article

RT @MattHancock: Great to see @PRSFoundation’s brilliant Momentum Music Fund has generated over £13 million for UK music https://t.co/BWHO…

I'm delighted that Londoners will be able to show their support to the capital's talented street performers using c… https://t.co/eHiYpeGlAG

Hear from the change makers in tech, including @jimmy_wales and @marthalanefox at #TechXLR8 at #LTW https://t.co/avkjdxDcfR

The Samsung AI Centre will be based in Cambridge in a bid to boost its AI capabilities and explore the technology’s… https://t.co/cgJNw2Lv4s

TechHub is moving to a new home in Moorgate! Be the first to see it, sign up for a tour 👉👉🏿👉🏻👉🏽 https://t.co/YCKnLsMPfg