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

Mar 12, 2018 · techcrunch.com

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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".

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