Global News
StructureFlow, a leading visual modeling platform for complex corporate structures, transactions, and processes, today announced the acquisition of Blue J Diagramming, a visualization tool used by accountancy and tax experts. For Blue J, this divestment is part of a larger strategic shift to focus on its generative AI solution for tax research.
Existing Blue J Diagramming customers will be migrated to StructureFlow, the most advanced business diagramming tool on the market.
This partnership follows StructureFlow's successful 2024 Series A funding round, signaling a period of significant growth for the company. The strategic alliance strengthens StructureFlow’s substantial foothold in the North American market as well as expanding its reach beyond the legal and corporate finance sectors.
"As Blue J sharpens its focus on revolutionizing tax research through AI, we wanted to ensure our diagramming customers would be served by a leader in visualization technology. StructureFlow's exceptional platform represents the future of how tax and accounting professionals will map complex structures and transactions. Its innovative approach to visual modeling, combined with its deep understanding of professional workflows, made it the clear choice to take forward our diagramming business. We're confident our customers will benefit tremendously from StructureFlow's cutting-edge technology and its dedicated focus on advancing the field of professional visualization tools." said Benjamin Alarie, CEO of Blue J.
"Accountancy and tax professionals, like legal professionals, constantly grapple with incredibly complex structures and transactions," said Tim Follett, CEO of StructureFlow.
"Globalization, increasingly complex tax regulations, and the inherent challenges of managing intricate corporate relationships are driving demand for tools that can simplify, clarify, and streamline tax planning and compliance.
“StructureFlow was built to cut through that complexity. This acquisition gives tax and accountancy professionals a powerful, collaborative platform to visualize even the most intricate matters. It empowers them to work more efficiently and make better-informed decisions."
StructureFlow's platform enables teams to build, and analyze group structure charts, transaction step plans, process maps, timelines, and more. With seamless integration of existing data from sources like Excel, PowerPoint, Word, and PDF, professionals can quickly create interactive visuals.
Tailored sharing options allow for easy exports in several formats, making it simple to embed diagrams into client-facing documents. Users can also collaborate directly within the platform, exchanging feedback. By transforming complex data into clear, interactive visuals, StructureFlow helps professionals from firms like Holland & Knight, Linklaters and Norton Rose Fulbright communicate more effectively and gain crucial insights.
The acquisition includes over 300 specialized tax diagram templates from Blue J Diagramming, seamlessly integrated into the StructureFlow platform, providing an immediate advantage to new and existing users. The addition of the templates enables a faster way to create and organize structure charts.
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