Leading Michigan Utility Implements Lucasys TaxATLANTA, April 30, 2025 (GLOBE NEWSWIRE) -- A leading utility in Michigan has licensed and implemented Lucasys Tax to enhance its current tax fixed asset and deferred income tax processes, ensuring robust support for Michigan’s regulatory reporting requirements. The Lucasys Tax solution replaces the company’s legacy PowerTax software, providing a seamless transition and safeguarding critical tax accounting and compliance functions.
Lucasys Joins Oracle PartnerNetwork (OPN), Provides Joint Customers with Tax Fixed Asset SolutionsATLANTA, April 22, 2025 (GLOBE NEWSWIRE) -- Lucasys, a leading cloud software and service provider for rate-regulated utilities, is now a partner in the Oracle PartnerNetwork (OPN). As an OPN member, joint customers can now adopt Lucasys advanced tax solutions within Oracle’s cloud environments to ensure mission-critical tax operations for asset intensive industries.
Lucasys Acquires PorterLogic, Uniting Forces to Enhance Operational and Financial Software SolutionsATLANTA, March 17, 2025 (GLOBE NEWSWIRE) -- Lucasys, a recognized leader in technology solutions for complex, asset-intensive businesses, is thrilled to announce the acquisition of PorterLogic, a leading innovator of flexible, low-code supply chain and operations platforms. This strategic move adds PorterLogic’s innovative supply chain technology and talented team to Lucasys’ expertise in delivering tailored financial and operational software, promising enhanced value for customers across industries.
Lucasys Allocates 10% of Settlement Proceeds to Charitable CausesATLANTA, March 12, 2025 (GLOBE NEWSWIRE) -- Lucasys Inc., the premier provider of cloud-based tax software solutions tailored for North American utilities and energy companies, proudly announced today that it will donate 10% of its $24 million settlement proceeds from Roper Technologies subsidiary PowerPlan to charitable organizations and nonprofits. This significant contribution, amounting to $2.4 million, will support organizations dedicated to advancing community welfare, promoting financial literacy, and fostering innovation within the utility and energy sectors. The announcement comes on the heels of Lucasys’ resolution of its antitrust claims against PowerPlan, a milestone that not only marks a pivotal moment for the company but also reverberates as a reminder of the value of competition and fairness in serving the utility industry.
Lucasys Welcomes 21st Customer as More Utilities Move to Lucasys TaxATLANTA, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Lucasys Inc, the leading provider of cloud tax software for North American utilities and energy companies, celebrates a milestone moment in business growth by signing its 21st customer. The 21 electric, gas, and water utilities who trust Lucasys to manage their tax fixed asset processes represent more than $600 billion of fixed assets. Utilities around the country are transitioning away from legacy tax software to Lucasys Tax, signaling a growing trend in the utility industry.
Lucasys receives $24M from Roper Technologies subsidiary PowerPlan to settle antitrust claimsATLANTA, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Lucasys Inc, the leading provider of cloud tax software for North American utilities and energy companies, announced that it has settled its pending antitrust litigation with PowerPlan, Inc., a subsidiary of Roper Technologies.
Hope Utilities Expands Use of Lucasys Solution with Deferred Tax ApplicationATLANTA, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Hope Utilities, a leading provider of US natural gas and water distribution services, has built upon their previous success with Lucasys and expanded their use of the Lucasys Tax solution by implementing its Deferred Tax application. Building on the successful implementation of Lucasys for Tax Depreciation, this milestone in Hope Utilities’ technology integration is part of the company’s ongoing commitment to leveraging advanced technologies to optimize operational efficiency and accuracy in financial reporting.
WEC Energy Group Selects Lucasys Tax to Enhance Integration and Compliance ProcessesATLANTA, Oct. 15, 2024 (GLOBE NEWSWIRE) -- WEC Energy Group has chosen Lucasys Tax to augment its existing tax fixed asset and deferred income tax solution to support Wisconsin regulatory reporting. This partnership will mitigate risks associated with the retirement of the PowerTax solution and ensure the seamless continuation of critical tax accounting and compliance processes.
Hope Utilities Implements Lucasys Tax Fixed Asset SolutionATLANTA, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Hope Utilities, a leading provider of US natural gas and water distribution services, has completed a strategic engagement with software and consulting firm Lucasys to implement its advanced tax fixed asset solution, Lucasys Tax. The pivotal initiative is part of Hope Utilities' ongoing commitment to leveraging advanced technologies to optimize operational efficiency and accuracy in financial reporting.
Lucasys Announces New Addition to TeamRob Yankovich joins Lucasys as Solution Architect
AEP’s Data Revolution: Partnering with Lucasys to Prepare for the Next Leap in Tax TechnologyATLANTA, April 02, 2024 (GLOBE NEWSWIRE) -- American Electric Power (AEP), one of the nation’s largest utility power producers and operator of the nation’s largest electric transmission network, has a longstanding reputation as an industry leader in digital transformation and technological innovation. Successful operations have led AEP to sustained growth, expanding the organization into additional states and service territories while accumulating a blend of data, processes, and technologies.
Summit Utilities Transforms Tax Fixed Assets with Lucasys SoftwareATLANTA, March 12, 2024 (GLOBE NEWSWIRE) -- Summit Utilities, a leading natural gas utility company, has completed a strategic collaboration with software and consulting firm Lucasys to implement advanced tax fixed asset software. The decision to transition from previously implemented software solutions was prompted by Summit Utilities’ proactive approach to restructure its asset accounting operations and move away from PowerPlan solutions. Lucasys emerged as a trusted partner to guide Summit Utilities through this critical transition and beyond.
Lucasys Joins SAP® PartnerEdge® Open EcosystemLucasys joins SAP’s Open Ecosystem to further develop integration to SAP solutions
Lucasys Partners with Utegration to Offer a Full Suite of Accounting and Tax Software Solutions for UtilitiesATLANTA, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Lucasys, a leading cloud software and service provider for rate-regulated utilities, announced today they have entered into a Strategic Teaming Agreement with Utegration®, a Cognizant company.
Lucasys Announces New Addition to Leadership TeamMark T. Caron joins Lucasys as Senior Executive Consultant
Lucasys Recognized on 2023 Inc. 5000 List of America’s Fastest-Growing Private CompaniesInc. 5000 Honorees Represent the Ingenuity and Resilience of America’s Top Businesses, Demonstrating Lucasys’ Continued Momentum in Empowering Finance and Tax Organizations at Some of the Largest Utility and Energy Companies in North America
Lucasys Adds Tax and Fixed Asset Depreciation to its Next Generation Suite of ProductsInnovative new software specifically designed to modernize tax and fixed asset depreciation tracking for asset-intensive businesses.
Lucasys Surges Ahead with New Deferred Tax SolutionA powerful new software specifically designed to streamline the complex accounting requirements of regulated utilities.
