Amsterdam, October 2025 – CostPerform, specialists in cost and profitability software, takes over Acumen Cost Analytics, the American profitability software product created by Armada Solutions. With this acquisition, CostPerform expands its presence in the United States, and strengthens its position as a leading player in cost management for financial institutions.
Strategic Expansion in the US
In Acumen, CostPerform inherits a widely used platform for modeling costs for American banks and asset managers. Furthermore, onboarding Acumen allows CostPerform to level up its offering for the US market, drawing CostPerform close together with Armada Solutions to leverage their stellar reputation, and strong customer base. “With this Acumen acquisition, we are not only bringing technology in-house, but also entering a partnership with a team with proven track record in the US financial sector”, said Sander den Hartog, CEO of CostPerform. “Together we can innovate faster and serve worldwide customers better.”
One future-proof platform
The combination of CostPerfom and Acumen brings together two complementary platforms for finance professionals. The result is a single, future-proof platform that meets the highest standards in security, scalability, and compliance. The acquisition represents the next step in CostPerform’s rapidly expanding position in North America, and solidifies its position within the financial sector.
The Acumen to CostPerform Transition
The step to integrate with CostPerform is taken by the Armada team with its customers as top priority. By gaining access to CostPerform’s software, already used by top financial firms in Europe and the US, Armada allows its existing customers to benefit from best-in-class cost and profitability software. “For us this is a great pairing”, said Armada CEO Scott Wise, “this integration with CostPerform will allow us to offer the best possible experience to our clients going forward and enable us to focus on innovations in the AI-driven future.” The integration of Acumen with CostPerform will take place in phases over the next two years. Customers receive one-on-on support from specialists at both organizations.
About CostPerform
CostPerform is a global software platform for cost modeling and profitability analysis. They help organizations gain transparency into their finances to aid decisions and meet regulatory requirements. The company has been in business for over 25 years and serves more than 100 clients globally, including banks, telecoms companies, and government institutions. CostPerform has offices in the Netherlands and the United States and complies with international security standards (ISO 27001).
About Armada Armada LLC, operating as Armada Consulting and Armada Solutions is a Tulsa, Oklahoma based financial analytics and consulting firm founded in 2002 by Scott Wise. Armada is recognized as an innovator in cost and profitability analytics, providing consulting services, training, and managed services solutions that help finance teams move from reporting past performance to driving future profitability. Armada’s methodologies are documented in Wise’s book Actionable Profitability Analytics and have been implemented in multiple top-tier banks and Fortune 500 companies. Learn more at http://www.armadaconsulting.com.
More Information
Darragh Jones, PR CostPerform
darragh@costperform.com
