Pro2Net Calls it Quits

After a six year run as a premier accounting industry Internet portal, Pro2Net (formerly AccountingNet) has decided to close its doors for good.

The company was the first true Internet portal devoted exclusively to the accounting profession. Over the past year, they expanded in scope and in staff to address multiple professional business segments, and hired many industry insiders to stake out a dominant position in the professional marketplace.

As financial market conditions worsened in the past few months, Pro2Net experienced financial difficulties, and retreated from their expansionist strategy to focus on their core business of accounting. The company sustained several rounds of layoffs, but ultimately had to inform its remaining employees on Monday that it is shutting down operations.

AccountingNet founder Derek Doke and a couple of key staff members will remain on board to close up shop later this month.

You may like these other stories...

Regulatory compliance, risk management and cost-cutting are the big heartburn issues for finance execs in the C-suite. Yet financial planning and analysis—a key antacid—is insufficient.That's just one of the...
Continuing its efforts to simplify accounting procedures, the FASB has issued a proposed Accounting Standards Update on customer fees paid in a cloud computing arrangement. The newly-proposed update (Intangibles—...
How are you planning? What tools do you use (or fail to use) for forecasting? PlanGuru is a business budgeting, forecasting, and performance review software company based in White Plains, N.Y. AccountingWEB recently spoke...

Already a member? log in here.

Upcoming CPE Webinars

Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
Sep 10
Transfer your knowledge and experience to prepare your team for the challenges and opportunities of an accounting career.
Sep 11
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.
Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.