FreeAgent Acquires Financial Software Startup 60mo; Lands Investment From Lightbank

UK-based cloud accounting software company FreeAgent has acquired finance-tracking startup?60mo. The U.S. startup's team will be incorporated into FreeAgent?s new American division. FreeAgent has also received an additional, undisclosed investment from Lightbank, which also was an investor in 60mo. This is Lightbank's first international investment, says the firm's partner Paul Lee. 60mo, which we've covered here, is an online service that helps businesses manage their finances by importing data from QuickBooks, FreshBooks, and a variety of financial institutions like Bank of America, Chase, and American Express. Once the data is in the system, you can use 60mo to create financial projections, manage your business's budget and share the data with your accountant or investors ??it's sort of like a Mint for businesses.

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